Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
State Farm to Retain Coverage of Some Coastal Ala. Residents
Feb 20 2007 // Approximately 135 homeowners in the Fairhope-Daphne area whose policies were set to be non-renewed by State Farm Insurance are expected to have their coverage retained. Previously, State Farm notified the Alabama...
Miss. AG Hood Attacks State Farm as ‘Robber Baron’
Feb 16 2007 // In a second press conference in as many days, Mississippi Attorney General Jim Hood came out fighting against a recent decision by State Farm Insurance Co. to stop writing new home and commercial property policies in the...
Miss. Commissioner, AG Upset Over State Farm Cutback
Feb 15 2007 // Mississippi officials are concerned about the effect State Farm’s decision to curtail its insurance writings will have on rebuilding efforts and remaining insurance markets. State Farm, Mississippi’s largest...
Maryland Mulls Ways to Keep Insurers from Abandoning Coastal Properties
Feb 15 2007 // Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with...
Ohio Auto and Homeowners’ Rates Decrease in 2006
Feb 15 2007 // The Ohio Department of Insurance recently announced that the average rates for the state’s top 10 auto and homeowners insurers – which represent 72 percent of both markets – decreased 1.2 percent and 0.8...
Fla.’s Older Mobile Homes Vulnerable in Fierce Winds
Feb 13 2007 // It became clear as workers dug through rubble and collected the dead: All 20 victims of the tornadoes that tore through central Florida last week had lived in mobile homes. Some are now urging the U.S. state to spend more...
Safeco To Cut Homeowners, Commercial Rates
Feb 13 2007 // Seattle-based Safeco has announced it will be cutting rates for California homeowners in 2007 an average of 20 percent. The move is expected to affect some 200,000 Safeco home and business customers in California,...
1st Federal Katrina Insurance Trial Under Way in La.
Feb 13 2007 // The first trial for one of the several thousand lawsuits that Louisiana homeowners filed against their insurers in federal court after Hurricane Katrina began Feb. 12 with the jury selection and opening statements. In...
Flood Insurance: FEMA resources offer better ways to serve clients
Feb 12 2007 // As we are well aware, flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. What many fail to realize, however, is that flood risk is not...
It Figures
Feb 12 2007 // 122 The number of levees nationwide that are at risk for failing, according to the Army Corps of Engineers. Twenty-seven states, the District of Columbia and Puerto Rico had threatened levees, but only two had more than a...
One-on-one interviews with 15 insurance regulators
Feb 12 2007 // One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their...
It Figures
Feb 11 2007 // 122 The number of levees nationwide that are at risk for failing, according to the Army Corps of Engineers. Twenty-seven states, the District of Columbia and Puerto Rico had threatened levees, but only two had more than a...
Regulators Release Annual Homeowners Insurance Comparison
Feb 8 2007 // The National Association of Insurance Commissioners (NAIC) today announced the release of the 2004 Homeowners Insurance Report, which provides data on market distribution and average cost by policy form and amount of...
USAA Defends Its Katrina Response Against Comments by Miss. AG Hood
Feb 1 2007 // In response to a recent pending settlement involving State Farm Insurance, certain victims of Hurricane Katrina and the State of Mississippi, USAA or United Services Automobile Association, came forward to define what it...
Many La. Residents Reluctant to Rebuild on Coast
Jan 31 2007 // More than 16 months after Hurricanes Katrina and Rita forced an unprecedented exodus from the Louisiana Gulf Coast, tens of thousands of homeowners have decided not to rebuild or have yet to make up their minds, an...
Allstate Profit Rose 17% in 4th Quarter
Jan 31 2007 // Allstate Corp., the second-biggest U.S. personal-lines insurer behind State Farm, said its fourth-quarter profit rose 17 percent as it continued to benefit from a benign year for hurricanes. The $1.21 billion (euro930...
There’s a lot insurers do not like in Florida’s property insurance fix
Jan 29 2007 // Legislators rolled up their sleeves, ripped off their ties and unbuttoned their collars as a special legislative session on property insurance came to a head in Florida. After six days of conferring, negotiating and...
Homeowners win key water v. wind Katrina claims case against State Farm
Jan 29 2007 // Insurer then settles next case without going to trial; U.S. Rep. Taylor calls for Congressional probe of industry claims practices In a Hurricane Katrina claims decision watched closely by the insurance industry, a federal...
Fla. Homeowner Rates may now Edge Texas, Insurer Group Says
Jan 29 2007 // Texas may no longer have the highest homeowner insurance rates in the country, according to the Insurance Council of Texas. For the second year in a row, both homeowners and automobile insurance premiums in Texas have...
Ill. developer plans to build 11 homes on Segal estate
Jan 29 2007 // A developer’s preliminary plans for jailed insurance executive Michael Segal’s estate include building 11 new residences and turning the coach house into two homes. Lincolnshire, Ill.-based Orren Pickell...
