Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Household Employee Exposure an Opportunity to Go Beyond Typical Sale
Jan 13 2008 // Homeowners may be at risk when employing housekeepers, maids, cooks, babysitters and other domestic employees We want to trust those whom we hire to work in our homes. Who prepare our meals. Clean our treasured...
California Governor To Propose Homeowners, Business Property Insurance Policy Tax
Jan 10 2008 // California Gov. Arnold Schwarzenegger is expected to propose a 1.25 percent tax on homeowners and business property insurance policies when he unveils his state budget today. “The expected proposal will unfairly...
Allstate Pays N.Y. Homeowners $995K for Plane Vibration Damage
Jan 9 2008 // Allstate Insurance Co. has agreed to pay $995,000 to a Brooklyn couple who claimed their house was badly damaged by vibrations caused by an Air France Concorde jet nearly five years ago. The couple, John and Annette...
State Farm Wants Proof of Occupancy for Hurricane-hit Homes in La.
Jan 9 2008 // State Farm is warning that it will cancel homeowner policies for about 6,000 of its customers in south Louisiana if they aren’t able to demonstrate that their storm-damaged homes are occupied and are being...
R.I.’s Narragansett Bay Insurance to Use $200M Funding to Expand in East
Jan 8 2008 // Narragansett Bay Insurance Co. in Rhode Island has sealed a deal to obtain $200 million from three private equity investors. The company said the equity will be used to grow the company’s homeowners business along...
Insurers Win Court Fight over Delaware Home Insurance Renewals
Jan 4 2008 // In a victory for the insurance industry, a Delaware Superior Court has ruled that the state’s insurance regulator overstepped his authority when he prohibited property insurers from refusing to renew a homeowner...
Mass. High Court Upholds 2006 Home Insurance Hike for FAIR Plan
Jan 3 2008 // The Massachusetts Supreme Judicial Court has upheld the 2006 rate increases for the state’s homeowners residual market insurer, the FAIR Plan, against a challenge by the attorney general that the increases violated a...
Top Insurance Stories in 2007 in Southeast
Dec 31 2007 // High heat, changing winds put reputations on the line. 1. Florida’s gamble “It’s all about rates,” maintained Sam Miller, of the industry’s Florida Insurance Council. Florida lawmakers in...
Pa. High Court: Murder Spree is Single Event under Home Insurance Policy
Dec 31 2007 // An insurance company can be required to defend policyholders accused of negligence in the aftermath of a deadly shooting spree conducted by their son, the Pennsylvania Supreme Court has ruled. However, the shooting spree...
Top Insurance Stories in 2007 in East
Dec 31 2007 // New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an...
Florida Rejects Travelers’ Homeowners Insurance Rate Increase
Dec 27 2007 // A proposed 4.6 percent average statewide increase for homeowners insurance by The Travelers Companies Inc., was rejected last week by Florida’s insurance commissioner. Kevin McCarty notified Travelers that its...
No Day at the Beach
Dec 23 2007 // Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most part, while policymakers debated, private markets went...
Study: Texas Homeowners Rates Remained High in 2005
Dec 20 2007 // Texas homeowners insurance premiums stabilized some after legislative reforms in 2003, but two years later were still the highest in the United States, according to a new study released by the National Association of...
Midwestern States Fall Below National Average for Homeowners Premiums
Dec 19 2007 // A new National Association of Insurance Commissioners’ (NAIC) report shows Ohio homeowners and most Midwestern states pay some of the lowest homeowners insurance rates in the nation. The Ohio Department of Insurance...
State Farm Seeks 3.6% Homeowners Rate Hike in Texas
Dec 19 2007 // State Farm Insurance Co., the largest insurer of homes and cars in Texas, said it filed for an average 3.6 percent rate increase for its Texas homeowners’ insurance policies. The filing includes larger multi-line...
Fla. Home Mitigation Program Grants Won’t Be Taxed as Income
Dec 14 2007 // Grants awarded to Florida homeowners through the My Safe Florida Home program will not be reported as taxable income to the federal government. Florida CFO Alex Sink made the announcement after receiving a Letter Ruling...
N.C. Building Council Declines Proposal on Sprinklers in Some Homes
Dec 13 2007 // The North Carolina Building Code Council declined to consider a request that sprinkler systems be required in new large or multistory homes, a setback for firefighters who sought the change following an October beach house...
Consumer Group Challenges Farmers Insurance’s California Homeowners Rate Increase
Dec 7 2007 // A California consumer group is challenging Farmers Insurance Co.’s request for a rate increase of 6.9 percent. The Foundation for Taxpayer and Consumer Rights (FTCR), in a petition filed Monday with the state...
Fla. Homes Evacuated When 30 Unexploded World War II Bombs Found
Dec 3 2007 // A Key West, Fla., landscaping crew about to grind a tree stump stumbled across 30 World War II mortar shells buried in the ground on property once owned by the U.S. Navy. A worker hit and broke one of the live shells last...
A Nod to Dodd
Dec 2 2007 // Sen. Trent Lott, R- Miss., appears to have quieted down since his Hurricane Katrina claim has been settled, so perhaps people will start listening to other senators in Washington on property insurance and natural disaster...
