Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Nationwide Decreases Calif. Homeowners Rates
Oct 2 2007 // Columbus, Ohio-based Nationwide Insurance Company of America announced it is cutting homeowners insurance rates in California an average of 9.4 percent. The decrease takes effect today, Oct. 2, 2007. Nationwide is also...
La. Commissioner to ask Insurers to Continue Katrina Mediations
Sep 28 2007 // Property insurers in Louisiana should continue mediating outstanding claims of homeowners who sustained damages in Hurricane Katrina and pay the costs of the sessions, although they are not legally obligated to do so,...
House-Passed Flood Insurance Bill Includes Windstorm, Business Interruption Options
Sep 28 2007 // The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy. The...
Alabama Residents Back in Homes After Train Leaves Tracks
Sep 26 2007 // A train derailment in Flomaton, Ala., over the weekend caused some anxiety and evacuations after authorities learned that the 66-car train was carrying anhydrous ammonia. The derailment that occurred after 9 p.m. on Sept....
Chubb lowering homeowners rates in Calif. 18.4 percent
Sep 24 2007 // The California Department of Insurance has announced that Chubb Group of Insurance Companies is implementing a 18.4 percent homeowners insurance rate reduction that is expected to save Californians approximately $14.5...
Florida’s private insurers try to be heard amid political storm
Sep 24 2007 // Protesters gathered on the steps of the old Florida Capitol to protest the high cost of property insurance rates in January in Tallahassee. The Legislature was in special session to pass homeowners insurance legislation....
A policyholder bonanza: Texas Supreme Court decides Lamar Homes
Sep 24 2007 // The Supreme Court also disagreed with the district court’s common sense ruling that faulty workmanship that damages the property of a third party is a covered “occurrence,” whereas faulty workmanship that...
Study: New Homes in Fire-Risk Areas of Sierra Nevada
Sep 21 2007 // More people are building homes in hazardous fire areas of the Sierra Nevada — increasing firefighting costs, according to a two-year study released by a conservation group. The Sierra Nevada is primarily in eastern...
Mass. Warned About Coastal Development and Insurance
Sep 20 2007 // A major hurricane making landfall in Massachusetts could cause billions of dollars worth of property damage while also severely straining the resources of the state’s residual homeowners’ insurance market, the...
Miss. Gov. Rolls Out Plan to Revive Housing Recovery on Gulf Coast
Sep 19 2007 // With the Mississippi Development Authority’s recent request for proposals for the long term workforce housing program, Gov. Haley Barbour’s comprehensive recovery strategy continues to assist housing needs on...
Heritage General Adds Admitted Homeowner Market
Sep 19 2007 // Los Angeles-based Heritage General Agency’s personal lines facility has added a new admitted market for homeowner coverage. Program features include full cost replacement for both the home and personal property with...
Fla. Insurance Agent Arrested for Allegedly Victimizing Dozens
Sep 19 2007 // Florida Chief Financial Officer Alex Sink announced the arrest of a former insurance agent who allegedly pocketed tens of thousands of dollars in premiums and left dozens of homeowners in Pasco, Hernando and Hillsborough...
Chubb Lowering Homeowners Rates in Calif. 18.4 Percent
Sep 17 2007 // The California Department of Insurance has announced that Chubb Group of Insurance Companies is implementing a 18.4 percent homeowners insurance rate reduction that is expected to save Californians approximately $14.5...
Auditor Says La. Road Home Grants Handled Inconsistently
Sep 12 2007 // Computation errors and questionable data shortchanged some homeowners receiving Road Home grants while overcompensating others in the cash-strapped hurricane recovery program, according to a review by the Louisiana...
Some Mississippi Coast Homeowners Plagued by Black Mold
Sep 12 2007 // Despite cleanup efforts, some Jackson County, Miss., homes still have mold festering behind walls and under leaky windows two years after Hurricane Katrina. “It’s growing. It’s in the vents and the walls....
Allstate to Comply with N.Y. Anti-Tying Rule on Home Nonrenewals
Sep 12 2007 // Allstate Insurance Co. and its affiliates have agreed to comply fully with a directive by the New York State Insurance Department that insurance companies may not refuse to renew homeowners insurance policies based on...
Fla. Home Mitigation Program Saves Average $154 Yearly for Particpants
Sep 7 2007 // Florida Chief Financial Officer Alex Sink announced today that 74.5 percent of homeowners who have received a free wind inspection through the My Safe Florida Home (MSFH) program are eligible for significant savings on...
Industry Skeptical, While Treasury Opposes, Natural Disaster Pool
Sep 6 2007 // Federal legislation that encourages states to pool their catastrophe pool risks and then transfer them to the private market as been greeted with a lukewarm insurance industry reaction at best and outright opposition from...
Allstate Balks at N.Y. Ban on Tying Home Renewals to Other Business
Sep 5 2007 // Allstate Insurance Co. is defending its right to non-renew certain homeowner insurance accounts in New York based in part on whether the insureds also have auto or life policies with the company. The non-renewal tactic is...
Calif. Bill to Lower Industry Support for Earthquake Coverage
Sep 4 2007 // California homeowners who buy earthquake insurance through the state-run California Earthquake Authority (CEA) could see their premiums rise under a bill that passed an Assembly committee over opposition from the state...
