Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Fla. homeowners seek cover for permit fees
Mar 12 2007 // Alleging that insurers failed to pay or properly adjust claims for 200,000 policyholders in Florida by ignoring fees for rebuilding permits, a group representing homeowners has filed suits against three insurers. The...
Understanding coverage gaps in farm/ranch policies
Mar 12 2007 // Is the rural dwelling a home or a ranch? It’s an important distinction, as there can be substantial differences in coverage. For example, a standard homeowners policy covers fencing, as well as the contents of...
News Currents
Mar 12 2007 // La. insurance regulators order Allstate to reverse cancellations Louisiana Commissioner of Insurance Jim Donelon on Mar. 6 ordered Allstate to scrap its property inspection process that led to the cancellation of more than...
Understanding coverage gaps in farm/ranch policies
Mar 12 2007 // When underwriting farms and ranches, it’s important to understand the subtle nuances in risk. After all, a loss to either could mean the policyholders not only have damage to their home, but also to their...
N.D. Flex Rating Proposal for Auto, Homeowners Advances
Mar 8 2007 // The North Dakota House Industry Business and Labor Committee unanimously approved legislation this week that would implement a 5 percent flex band rating system for automobile and homeowners insurance. The bill SF 2296...
New Insurer Caters PUREly to Florida High Net Worth Clientele
Mar 7 2007 // Florida’s wealthy and privileged residents have a new personal lines insurer promising to save them money on premiums for their homes, cars and belongings. The company will sell property/casualty insurance for high...
La. Commissioner Orders Allstate to Reinstate Policyholders
Mar 6 2007 // Louisiana Commissioner of Insurance Jim Donelon has ordered Allstate to scrap its property inspection process that led to the cancellation of more than 4,700 homeowners policies and reinstate coverage on those homeowners...
La. AG Says Contractor Fraud Fugitive Arrested in Fla.
Mar 5 2007 // Attorney General Charles C. Foti, Jr., recently announced that his office has arrested an individual suspected of defrauding numerous homeowners in Orleans, Jefferson and St. Charles Parish who were trying to repair their...
Fla. Home Premiums Could Fall 10%-50% Under New Reinsurance Law
Mar 5 2007 // Florida homeowners could see average property insurance savings ranging from around 10 percent in the Panhandle to more than half the cost of their policy in South Florida because of a new law, state insurance officials...
La. DOI to Inspect Some Allstate Insured Properties
Mar 2 2007 // Louisiana Commissioner of Insurance Jim Donelon announced that Department of Insurance staff will be inspecting the properties of 18 Allstate policyholders in Jefferson, Orleans and St. Bernard Parishes who complained to...
Fla. Homeowners File Suit Seeking Payments for Permit Fees
Feb 28 2007 // Alleging that insurers failed to pay or properly adjust claims for 200,000 policyholders in Florida by ignoring fees for rebuilding permits, a group representing homeowners has filed suits against three insurers. The...
Maryland mulls how to keep property insurers on coast
Feb 26 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...
The Commissioners: Thomas Hampton
Feb 26 2007 // D.C. growing its captive market, escaping worst of property pullbacks Thomas Hampton, commissioner of the District of Columbia Department of Securities, Insurance and Banking. Hampton, who was reappointed to his post by...
Don’t blame insurance agents for coastal mess
Feb 26 2007 // Over the past several months, a group of legislators from the Rhode Island House of Representatives has been meeting in an effort to understand and respond to the recent drastic — and, in some instances, draconian...
The Commissioners: Jim Poolman
Feb 26 2007 // Poolman says regulatory modernization, agent licensing are priorities Currently serving in his second term as North Dakota Insurance Commissioner, Jim Poolman has focused his efforts on working for and protecting insurance...
Ohio auto and homeowners rates decrease in 2006
Feb 26 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...
Katrina lawsuits: Are the winds of fortune changing for insurers?
Feb 26 2007 // In the immediate aftermath of Hurricane Katrina when it became apparent that property losses would total billions of dollars, the insurance industry was understandably concerned that courts in Mississippi and Louisiana...
Reaping the wind will be the responsibility of insurers
Feb 26 2007 // There seem to be many questions on the minds of consumers, agents and public policy makers about coastal insurance issues presently and in the future. As an industry, we have been forthright about insurance issues facing...
Miss. AG Hood picks fight with State Farm over pullback
Feb 26 2007 // Mississippi Attorney General Jim Hood said he will seek legislation aimed at blocking State Farm Insurance Cos. from refusing to write new homeowners and commercial policies in the hurricane-battered state. Hood’s...
Safeco to cut homeowners, commercial rates across California
Feb 26 2007 // Seattle-based Safeco announced it will be cutting rates for California homeowners in 2007 by an average of 20 percent. The move is expected to affect some 200,000 Safeco home and business customers in California, according...
