Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Openly’s Homeowners Insurance Now Available in Oklahoma
Jul 14 2021 // The Boston-based homeowners insurance platform, Openly, is now available for homeowners and independent insurance agents in Oklahoma. Independent insurance agents in Oklahoma can now access Openly’s premium,...
Lloyds Bank Fined $125M for Inaccurate Communications over Home Insurance Renewals
Jul 9 2021 // Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for failing to make sure language in millions of home insurance policies was clear. The FCA...
Obsidian Acquires Western Home Insurance in California
Jul 9 2021 // Obsidian Insurance Holdings Inc. has acquired Western Home Insurance Co. from Western National Mutual Insurance Co. The acquisition supports the company’s growth plans and together with Obsidian’s existing...
California’s Coming Wildfire Season Points to Potential Non-Renewals Ahead for Homeowners
Jul 6 2021 // By all accounts the California wildfire season continues to shape up to be a bad one, and another catastrophe modeling firm has reported sales of their products picking up due in part to carriers and reinsurers looking for...
Louisiana Orders Insurer to Halt Non-Renewing Homeowners Policies after 2020 Hurricane Season
Jul 6 2021 // Louisiana Insurance Commissioner Jim Donelon has ordered GeoVera Specialty Insurance Co. to stop non-renewing Louisiana homeowners policies in violation of state law. In a cease and desist order issued last week, Donelon...
More Homeowners Claims Equal Higher Insurance Prices in Missouri
Jul 5 2021 // Severe weather trends causing an increase in claims are impacting the price of homeowners insurance in Missouri, regulators say. A recent report, Missouri Homeowners Insurance — Premium & Losses, by the Missouri...
AXA Partners with Hong Kong Broadband Network to Offer Homeowners Insurance
Jun 22 2021 // Hong Kong Broadband Network Ltd. (HKBN) is now offering customers an “All-in-One Home Kit,” complete with fiber broadband service and home insurance from AXA Hong Kong and Macau (AXA). The kit also has a home...
Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing
Jun 21 2021 // Insurance Services Office (ISO) has released its upcoming homeowners’ multi-state filing. This first major revision in over 11 years is filed to be effective in March 2022. Within this filing, ISO: Introduced one new...
California OKs Farmers and Zesty.ai Wildfire Risk Assessments, Will Bring 30K New Homeowners Policies
Jun 16 2021 // California regulators have approved a plan by Farmers Insurance to assess wildfire risk by using a tool that combines artificial intelligence with high-resolution aerial photography. The carrier said the Z-Fire risk...
Increase in Homeowners Claims Spurs Higher Insurance Prices in Missouri
Jun 15 2021 // Severe weather trends and an increase in claims are impacting the price of homeowners insurance in Missouri, regulators say. A recent report issued by the Missouri Department of Commerce and Insurance shows that homeowners...
Logic & Language and Forms & Facts Homeowners Coverage for Watercraft
Jun 7 2021 // It’s now boating season in most parts of the country, so let’s explore some watercraft coverage issues under homeowners insurance. For the educational and illustrative purposes of this article, we’re...
Security First to Offer New Homeowners Coverage in Florida
Jun 4 2021 // Security First Insurance, one of the largest private homeowners insurers, has launched its Homeowner’s Premier HO5 policy. Floridians must have no claims or one claim caused by a weather event and with...
Homeowner Seeks $5M in Lawsuit Over ‘Rotten Egg’ Smell from S.C. Mill
May 25 2021 // A pulp and paper mill in South Carolina emits fumes that smells like rotten eggs and which nearby residents say have caused headaches and sore throats, a North Carolina homeowner says in a lawsuit. Kenny White, who lives...
Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing
May 14 2021 // Insurance Services Office (ISO) has released to Big I’s Virtual University the upcoming Homeowners’ multi-state filing tentatively effective beginning in March 2022. Yes, 2022. Eleven years have passed since...
Openly Expands Homeowners Insurance Platform into Massachusetts
Apr 26 2021 // Homeowners insurance platform Openly has made its services available in its home state of Massachusetts. Independent insurance agents in Massachusetts can now access Openly’s coverage and obtain quotes in...
Connecticut Urges Homeowners to Test Wells for Arsenic, Uranium
Apr 9 2021 // Connecticut health officials are urging homeowners who rely on well water to have their systems checked for arsenic and uranium contamination. The advice comes as the result of a study by the U.S. Geological Survey...
Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions
Apr 8 2021 // Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist Hiro. London-based Hiro has developed a home insurance product that...
3 Homeowners Get $1.1M for 2017 Nevada Flood Damage
Mar 25 2021 // A Washoe County judge in Nevada has ordered Reno to pay $1.1 million to owners of three homes that flooded north of the city four years ago as dozens of others continue to press related battles in federal court over...
Kin Insurance to Offer Homeowners Coverage in Louisiana
Mar 25 2021 // Kin Insurance is expanding to offer homeowners insurance coverage in Louisiana. The company said the expansion into the underserved Louisiana market creates new opportunities for residents — especially for those in...
Homeowners’ Suit of Reno Over Flooding Now in U.S. Court
Mar 11 2021 // Dozens of residents who are suing the city of Reno over the flooding of their homes in 2017 are moving to federal court in a complex case that could cost taxpayers millions of dollars. The move comes as the city’s...
