Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Mass. Fair Plan Refiles for 12.4% Home Rate Hike; 25% on Cape
Aug 2 2006 // The Massachusetts Property Insurance Underwriting Association (the Fair Plan) has submitted a rate recommendation revised downward slightly from what the state disapproved on June 30. For all homeowners forms, the residual...
Texas Agent Group Launches Homeowners Market Web Page
Aug 1 2006 // TIP/PIA Texas announced it has set up a special Web page providing information on homeowner markets, in an effort to help with possible solutions in light of the recent problems with Texas Select. This is not an...
Fla. Gov. Bush Eyes State Pool for Commercial Lines
Jul 30 2006 // Florida Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can’t get policies from private insurers, saying that if companies can’t get coverage, it...
Miss. Approves 90% Increase in Wind Pool Rates for Homeowners
Jul 30 2006 // Mississippi Insurance Commissioner George Dale on Friday approved a 90 percent rate increase for homeowner policies provided by the Mississippi Windstorm Underwriting Association. The association, commonly known as the...
Commissioner Calls on Allstate CEO to Discuss Plan to Shed La. Coverage
Jul 26 2006 // Louisiana Commissioner of Insurance Jim Donelon announced he has requested a meeting with Allstate Insurance Company CEO Edward Liddy after failed attempts by company officials to convince the Commissioner of the...
R.I. Offers Loans to Tiverton Homeowners with Contaminated Land
Jul 25 2006 // Rhode Islanders whose homes are contaminated with toxic waste can now apply for low-interest loans from the state government under a bill signed by Gov. Don Carcieri. The signing ceremony was held in a Tiverton...
Miss. housing grants increased by 35 percent
Jul 24 2006 // Mississippi has increased by 35 percent insurance values used in calculating homeowner grant amounts to compensate for higher post-Katrina construction costs. According to Scott Hamilton, spokesman for the Mississippi...
Flooding in Pennsylvania destroys 518 homes
Jul 24 2006 // The floodwaters that inundated parts of Pennsylvania last month destroyed at least 518 homes and affected another 7,100 homes and businesses, according to the Pennsylvania Emergency Management Agency. The preliminary...
Miss. housing grants increased by 35 percent
Jul 24 2006 // Mississippi has increased by 35 percent insurance values used in calculating homeowner grant amounts to compensate for higher post-Katrina construction costs. According to Scott Hamilton, spokesman for the Mississippi...
Sen. Smith unveils ‘comprehensive plan’ to fix Florida’s insurance woes
Jul 24 2006 // Unless the state adopts a comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida insurance market and leave millions of Floridians without affordable and reliable...
Mass. Fair Plan plays catch-up on reinsurance, rates
Jul 24 2006 // The biggest increases are in store for coastal Cape Cod, where the Fair Plan has become the leading property insurer rather than the insurer of last resort as intended. News Currents Last summer when the Massachusetts Fair...
P/C market takes hold of rapidly developing identity theft solutions
Jul 24 2006 // In today’s marketplace insurers are moving towards a case-managed, victim advocacy approach with far less emphasis placed on the restoration of expense reimbursements. Identity-related fraud is a virulent crime, with...
Going after unpaid claims
Jul 24 2006 // Louisiana Recovery Authority is considering going after insurance companies on behalf of homeowners who are having trouble with claims on their storm-damaged homes. According to the Associated Press, Louisiana’s...
Thunderstorm Leaves Reno Casinos, Homes in Dark
Jul 24 2006 // A severe thunderstorm nailed the Reno area, turning out the lights at casinos and a stadium where former major league slugger Jose Canseco was playing for a minor league team. Friday night’s storm dropped up to 1.5...
La. Commissioner: Regulatory Action Against Allstate Possible
Jul 24 2006 // The Louisiana Department of Insurance announced that Commissioner of Insurance Jim Donelon is preparing to take legal action against Allstate Insurance Company in a dispute over wind and hail coverage that would affect...
Going after unpaid claims
Jul 24 2006 // Louisiana Recovery Authority is considering going after insurance companies on behalf of homeowners who are having trouble with claims on their storm damaged homes. According to the Associated Press, Louisiana’s...
Coastal communities only halfway ready for a major storm
Jul 24 2006 // Survey finds Louisiana, Mississippi, Alabama and Georgia most prepared Average insured homeowners throughout Gulf and Atlantic coastal communities have taken just half the steps which would best position them to recover...
Mass. Fair Plan to Refile Next Week
Jul 21 2006 // The Massachusetts Property Insurance Underwriting Association (the Fair Plan) will submit a request for new rates by the end of next week, just under the deadline. Massachusetts Insurance Commissioner Julianne M. Bowler...
First Katrina Insurance Trial Set for Closing Arguments
Jul 20 2006 // A federal judge heard closing arguments Wednesday in the first courtroom challenge of the insurance industry’s denial of billions of dollars of homeowners’ claims after Hurricane Katrina. U.S. District Judge...
Vesta Fire and Subsidiaries Headed for Liquidation in Texas
Jul 19 2006 // Vesta Fire Insurance Company (Vesta Fire) and its Texas subsidiary insurance companies have begun issuing notices to agents to cease writing new and renewal insurance business, including homeowners policies for Texas...
