Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Florida Homeowners’ Insurers
Jun 19 2006 // Current Florida Financial DPW 2005 Stability Designation Company Name in 000s Rating FL Specialty Encompass Floridian Indemnity Co. $4,437 A FL Specialty Encompass Floridian Insurance Co. $16,059 A FL Specialty Nationwide...
Florida’s home insurance market: domiciled insurers persist
Jun 19 2006 // At the outset of 2006, the 21 Florida-domiciled insurers rated A or better by Demotech Inc., had an 18 percent share of the voluntary market. Their total 2005 writings were $977 million. Over a dozen have begun writing...
Declarations
Jun 19 2006 // Taking responsibility for levee failure ‘This is the first time that the Corps has had to stand up and say, `We’ve had a catastrophic failure.’ … Words alone will not restore trust in the...
Editor’s Note: Commercial property appeal
Jun 19 2006 // According to Fitch, increases are running between 25 percent and 400 percent for windstorm and flood insurance premiums since the June 1 start of this year’s hurricane season. Six hurricanes in 2005 caused $57.3...
News Currents
Jun 19 2006 // State Farm adjusts rates in Texas State Farm Insurance recently submitted several filings to the Texas Department of Insurance, aiming for a balance with rate adjustments that include a reduction auto rates but an increase...
Computers help Colorado firefighters spot problem homes
Jun 19 2006 // The next time a wildfire closes in on a Denver mountain home, there’s no guarantee a crew of firefighters will line up to defend it. A system of mapping and computer software, developed since the disastrous 2002 fire...
New Property and Casualty Insurer Opens in Irving, Texas!
Jun 16 2006 // Irving, Texas – A new Property and Casualty insurer, Homeowners of America Insurance Company, has opened in Irving, Texas. Homeowners is a Texas company specializing in protecting residential property for Texans. In...
N.Y. Agents Report on Home Insurers’ Restrictions Downstate
Jun 14 2006 // The Professional Insurance Agents of New York State Inc. says a recent survey of its member agents finds homeowners insurance companies have taken steps to reduce their exposure in downstate areas of New York since Jan. 1,...
Insurance Limbo Delays Gulf Coast Rebuilding
Jun 13 2006 // The owners of the sagging, flood-stained home in New Orleans aren’t in. Above the front door, a banner explains their absence, and the lack of progress: “Allstate paid $10,113.34 on this house for storm...
Most R.I. Homeowners Go Without Flood Coverage
Jun 12 2006 // There were big gains this year in the number of Rhode Island homeowners with flood insurance, but the state still has one of the lowest rates in the country of participation in a federal flood insurance program, according...
Computers Help Colo. Firefighters Spot Problem Homes
Jun 12 2006 // Next time a wildfire closes in on a Denver mountain home, there’s no guarantee a crew of firefighters will line up to defend it. A system of mapping and computer software, developed since the disastrous 2002 fire...
Comment Sparse in Florida on 80% State Farm Insurance Hike
Jun 7 2006 // Lynn Martin took a day off work and drove all the way from Punta Gorda to Lake Buena Vista, Fla. to talk about homeowner’s insurance. In just under a decade, the 51-year-old has seen her State Farm premiums rise 300...
Competition Predicted for Insurance Business in Northern La.
Jun 6 2006 // Most homeowners in northern Louisiana won’t see their insurance rates increase and many will even see rate reductions, according to insurance industry experts. Though all Louisiana homeowners will be charged a 15...
California Commissioner says insurers earning ‘excess profits’
Jun 5 2006 // California Insurance Commissioner John Garamendi has released a new report, “Lower Claims, Higher Profits: Where Do Your Premium Dollars Go?” on the profitability of homeowners and private passenger automobile...
Katrina, Rita complaints breed probes in La.
Jun 5 2006 // As an aftereffect of consumer complaints, the Louisiana Department of Insurance hit Allstate Insurance Co. and St. Paul Travelers Cos. with investigations into their handling of homeowners’ claims resulting from...
Allstate moving windstorm coverage in Texas coastal areas to TWIA
Jun 5 2006 // In a move it says will “help protect its ability to meet future customer needs throughout Texas while maintaining a strong presence along the Texas coast,” Allstate Texas Lloyds announced it is phasing out...
Carrot and stick, or bail-out?
Jun 5 2006 // Insurance debate in the Florida Legislature wound down to the final hours of the 2006 spring sessions in Tallahassee, with the final decision ending in the passage of a bill viewed by bystanders as a band-aid approach in...
Coverage issues at core of Hurricane Katrina-related litigation
Jun 5 2006 // The amount of property damage caused by Hurricane Katrina in Mississippi and Louisiana has been extensively reported, as has the fact that many people in those states did not have flood insurance coverage. As a result,...
‘Significant’ Fla. reform bill could be national model, says PIA chief
Jun 5 2006 // Elements of a property insurance reform bill signed into law May 16 by Florida Governor Jeb Bush could be included and effective in national legislation, according to Len Brevik, executive vice president and CEO of the...
Coverage issues at core of Hurricane Katrina-related litigation
Jun 5 2006 // The initial decisions from Hurricane Katrina lawsuits provide some comfort to both insurers and insureds and potential warnings to insurance agents. The amount of property damage caused by Hurricane Katrina in Mississippi...
