Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Texas Regulators Explain State Farm Homeowners Rate Hike
Apr 14 2008 // In its “Straight Talk About Insurance” column on its Web site, the Texas Department of Insurance has updated information on the decision to approve an increase in State Farm Insurance Company’s homeowners...
Expanded Flood Maps Anger New Jersey Homeowners
Apr 10 2008 // Federal Emergency Management Administration officials have unleashed a torrent of complaints over new flood-zone maps in Monmouth County’s Bayshore region. The proposed maps show nearly 4,400 more homes at risk in...
High Net Worth Property Underwriter Moves into Florida Panhandle
Apr 8 2008 // Florida-based Privilege Underwriters Reciprocal Exchange (PURE) plans to expand into the Florida Panhandle, according to Ross Buchmueller, president and chief executive officer, PURE Risk Management LLC . PURE will offer...
Storm Damage Mitigation May Lead to Discounts for La. Homeowners
Apr 8 2008 // Insurance premium discounts are available in 2008 to homeowners in Louisiana who build or retrofit a structure to comply with the requirements of the State Uniform Construction Code, install damage mitigation improvements,...
Alabama Homeowners Insurance Rates Soar; Coastal Areas Hardest Hit
Apr 7 2008 // Homeowners insurance rates in Alabama jumped by 69.1 percent between 2001 and 2005 — the second-largest rise nationally — despite the fact that Alabamians have lower incomes and are typically insuring less expensive...
Arkansas to Accept FEMA Mobile Homes for Storm Victims
Apr 4 2008 // Governor Mike Beebe, after consulting with Arkansas Department of Emergency Management (ADEM) Director David Maxwell and Arkansas State Health Officer Dr. Paul Halverson, has decided that Arkansas will accept FEMA mobile...
Atlanta-based Assurant Expands Benefit Choices to Homeowners
Apr 3 2008 // Atlanta-based Assurant Specialty Property, expanded the benefit choices available through its First Protector® mortgage protection product and launched a redesigned Web site. Recent enhancements to the supplemental...
Mobile Homes – Not Trailers – Arrive for Tennessee Tornado Victims
Apr 2 2008 // Tennessee is taking delivery of mobile homes from the Federal Emergency Management Agency to temporarily house Macon County tornado victims. While FEMA trailers have been scrutinized recently over reports of exposing...
Some U.S. Homes Now Worth Less Than Their Copper Pipes
Apr 1 2008 // Shards of broken glass outside the basement window of 31 Vine Street (Brockton, Mass.) hint at the destruction inside the three-story home. Thieves smashed the window to break in and then gutted the property for its copper...
Alabama Homeowners Insurance Rates Soar
Mar 26 2008 // Homeowners insurance rates in Alabama jumped by 69.1 percent between 2001 and 2005 – the second-largest rise nationally – despite the fact that Alabamians have lower incomes and are typically insuring less...
New Yorkers to Get Flood Notices Every Year
Mar 24 2008 // New York lawmakers have decided once is not enough — at least when it comes to telling homeowners that floods will not be covered by a standard homeowners policy. Under legislation signed by former Gov. Eliot Spitzer,...
South Carolina Awards for Safe Homes Top $1M
Mar 24 2008 // The South Carolina Department of Insurance awarded a fifth round of grants through the state’s Safe Home Grant Program, according to Scott H. Richardson, insurance department director. Richardson, also chairman of...
New York Regulators Urge Homeowners to Buy Flood Insurance
Mar 19 2008 // The Insurance Department of New York is telling property owners they “should act now” to buy flood insurance, as saturated ground conditions could worsen with heavy spring rains and increase the potential for...
Tornadoes Damage 25 Homes in 2 Alabama Counties
Mar 19 2008 // Weather officials in Alabama confirmed that storm damages in Blount and Cherokee counties were caused by two tornadoes. The March 15 tornadoes packing 115 mph winds, caused no injuries or deaths, the National Weather...
68 Homes Destroyed after 15 Weekend Tornadoes Pummel South Carolina
Mar 19 2008 // It took just three seconds for John Simmons and his family to lose their home in one of at least 15 tornadoes that swept across South Carolina last weekend. On March 15, as winds downed trees and ripped the roof off the...
Farmers Files Homeowners Rate Increase in Texas
Mar 18 2008 // Stating it’s the first rate change in two years for its “Texas Family Home Policy,” Farmers Insurance Group, through Texas Farmers Insurance Company, filed a rate increase for the policy with the Texas...
Average Homeowners Policy Rate Comparison is Meaningless
Mar 17 2008 // Despite the insurance industry’s traditional reliance on averages, averages don’t always make sense when comparing premiums. In Texas, as elsewhere, individual premiums are subject to so many variables — from...
Financial Reports Show Texas Insurers Profitable in 2007
Mar 14 2008 // In 2007, Texas insurers recorded one of their most profitable years of the decade, prompting some consumer advocates to call for tougher state regulation on homeowner rates. Financial reports released by the Texas...
Mass. AG Urges State Reject FAIR Plan Home Insurance Hikes
Mar 12 2008 // Massachusetts Attorney General Martha Coakley’s office has filed its final brief recommending that Insurance Commissioner Nonnie Burnes reject the FAIR Plan’s latest proposed homeowners insurance rate...
Declarations
Mar 10 2008 // Halt Non-Renewals “These activities, we strongly believe, are prohibited by the Alabama Trade Practices Law. The law specifically says that inducements not specified in the policy are prohibited.” —Alabama...
