Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Chubb Offers Unlimited Replacement Coverage to Texas Homeowners
May 22 2008 // The Chubb Group of Insurance Companies announced it has broadened its homeowners coverage in Texas by introducing unlimited extended replacement cost coverage. In the event of a total covered loss, Chubb can pay to fully...
Minnesota Governor Signs Flood Insurance Disclosure Bill
May 20 2008 // Minnesota Gov. Tim Pawlenty signed a bill on May 14th that requires insurance companies and agents to notify homeowners annually if their insurance policies do not include flood coverage. The required notice will say the...
Mass. Nixes 13% FAIR Plan Rate Hike
May 19 2008 // Massachusetts insurance officials have blocked a 13.2 percent statewide rate hike by the state’s residual market home insurer. The decision by Insurance Commissioner Nonnie S. Burnes spares some 150,000 coastal and...
Alabama Opens Coastal Home Insurance Market to Captive Insurers
May 19 2008 // The Alabama Legislature has passed a bill that will allow captive insurance companies to sell residential insurance along the Alabama coast. The House and Senate voted without dissent to give final approval to changes in...
Allstate to Begin Homeowners Rate Reductions, Refunds in Texas
May 19 2008 // As a result of an agreement reached by the Texas Department of Insurance, the Office of Public Insurance Counsel and Allstate Texas Lloyd’s, the company will soon begin reducing its homeowners rates and provide...
Michigan Nixes Rate Hike Request from Insurer of Last Resort
May 19 2008 // Michigan’s Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross recently issued an order disapproving a rate filing for Michigan Basic Property and Insurance Association (Michigan Basic), the...
Florida Home Mitigation Grant Program Nears 35,000 Recipients
May 14 2008 // The My Safe Florida Home program is projecting it will exceed the Florida Legislature’s goal of approving 35,000 homeowners for grants by the end of May, according to Florida Chief Financial Officer Alex Sink . The...
Fla.’s PURE Expands into South Carolina’s High Value Homes Market
May 13 2008 // Florida-based Privilege Underwriters Reciprocal Exchange expanded into South Carolina, according to its president and chief executive officer. PURE CEO Ross Buchmueller said the program is dedicated exclusively to serving...
Alaska Authorities Detonate Explosives, 2 Homes Slightly Damaged
May 13 2008 // Alaska State Troopers say two homes in the Matanuska-Susitna Borough were damaged when explosive material found in a storage unit was removed and detonated. The explosive material was found May 9 at McGhans’ Storage...
Texas, Allstate Reach Agreement on Homeowners Reductions, Refunds
May 12 2008 // The Texas Department of Insurance (TDI), the Office of Public Insurance Counsel (OPIC) and Allstate Texas Lloyd’s (Allstate) have reached agreement to settle all outstanding litigation with respect to homeowners...
Argo Group Offers Hurricane Insurance in Hawaii
May 12 2008 // Hawaii Insurance Commissioner J.P. Schmidt announced the formation of a partnership between Argo Group US and First Insurance Company of Hawai’i (FICOH). The new joint venture will offer hurricane insurance to First...
U.S. Tornadoes Take at Least 21 Lives, Destroy Homes, Power Lines
May 12 2008 // Tornadoes killed at least 21 people and injured hundreds as they ripped through the central and southeastern United States over the weekend, destroying homes, overturning cars and downing trees and power lines. Authorities...
Mt. Washington Expands Home Insurance Choices in N.H.
May 9 2008 // Mt. Washington Assurance Corp. introduced its newest home insurance program in New Hampshire this week in a series of meetings with independent insurance agents who represent the company for home and auto insurance. The...
Louisiana House Panel OKs Hike in Car Insurance Minimum
May 9 2008 // In a move that insurers say could lead to Louisiana having the highest auto insurance liability rates in the nation, a House of Representatives committee has approved HB 1312, which would raise the minimum insurance...
Nursing Homes Part-owned by Oklahoma Legislator Cited for Violations
May 8 2008 // An Oklahoma state legislator who partially owns two nursing homes that have been cited for health and safety violations said his facilities struggle with the same issues faced by every nursing home. Hugh Robert, executive...
Mass. Denies Hike in FAIR Plan Home Insurance Rates
May 8 2008 // Massachusetts insurance officials have blocked a 13.2 percent statewide rate hike by the state’s residual market home insurer. The decision by Insurance Commissioner Nonnie S. Burnes also kills a 25 percent increase...
Louisiana Citizens Insurance Begins Transferring Homeowners Policies
May 7 2008 // The Louisiana Citizens Property Insurance Corp., the state-sponsored insurer of last resort, will be nearly its pre-Hurricane Katrina size after responsibility for 30,000 homeowner policies is transferred to private...
Tornadoes Hit Tennessee, Demolish Mobile Homes, Injure 4
May 6 2008 // The National Weather Service said four weak tornadoes were spawned by a storm system that moved through Tennessee’s Montgomery County in the early morning hours of May 4. One struck Clarksville’s fairgrounds...
Earthquakes Raise Questions of Future Shocks, Public Readiness
May 5 2008 // Just weeks after earthquakes rattled Nevada, the Midwest and the coast of Oregon, and on the heels of the 102nd anniversary of San Francisco’s 1906 earthquake, the public, government officials and insurance industry...
La. Senate OKs Regional Deductibles for Homeowners Policies
May 2 2008 // The Louisiana Senate voted to allow insurance companies to set different, “named storm” deductibles on homeowner policies depending on how far a property is from the hurricane-prone Gulf of Mexico. Louisiana is...
