Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
CFPB Finds Properties May be Underinsured in Non-Coastal Flood Zones
Jan 17 2025 // Homeowners with mortgages who are at risk of flooding from rivers and creeks are more likely to be underinsured for floods than coastal residents, according to a new report from the Consumer Financial Protection...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
Jan 16 2025 // There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a...
California Expands Moratorium on Homeowners Insurance Cancellations, Non-Renewals
Jan 15 2025 // California Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those already under a mandatory one-year moratorium on insurance...
Oregon’s New Rules for Homeowners Living in Certain High-Risk Wildfire Areas
Jan 9 2025 // Oregon homeowners living in certain areas at high risk of wildfire will face stricter building codes and mandates to reduce vegetation on their properties under new “wildfire hazard maps” unveiled Tuesday. The...
Millions of Homeowners May Be Underinsured Due to Secondary Structures: ZestyAI
Dec 18 2024 // Millions of U.S. homes are underinsured, not because of any added value in the homes, but because additional structures on the homeowner’s property have gone unreported and are without protection. Using artificial...
Advocacy Groups Ask FIO to Release Homeowners Insurance Data Collected by NAIC
Dec 17 2024 // A coalition of consumer, environmental, and fair housing groups have called upon the Treasury’s Federal Insurance Office to release homeowners insurance data before it may be too late. The nationwide data was...
What’s Not Changing in 2025: Homeowners Outlook, Re Retentions
Dec 16 2024 // When analysts at AM Best reviewed outlooks for the property/casualty insurance and reinsurance sectors this week, recent good news of a change in outlook for personal lines—and for personal auto insurance—were the...
Arrowhead introduces new California E&S Homeowners program
Dec 10 2024 // SAN DIEGO, CA., December 10, 2024 – Arrowhead General Insurance Agency, Inc. has announced the launch of a new California E&S Homeowners program. This non-admitted product is a collaboration between Arrowhead’s...
Risk Theory Launches New High Value Homeowners Insurance
Dec 3 2024 // Dallas, TX, December 3, 2024 — Jupiter Risk Services, an affiliate of Risk Theory, is proud to launch its High Value Homeowners Insurance, a new insurance product designed specifically for single-family, high-value...
Progressive to End Offering Dwelling Fire Insurance
Dec 2 2024 // Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The Mayfield, Ohio-based insurer said the decision to discontinue writing the coverage, often dubbed...
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels
Nov 18 2024 // Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. Due to rising trends in the frequency and severity of...
Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms
Nov 18 2024 // A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by...
The Data Behind Rising Homeowners Premiums: By Peril and By State
Nov 18 2024 // The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home...
Progressive to End Offering Dwelling Fire Insurance
Nov 12 2024 // Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The Mayfield, Ohio-based insurer late last week said the decision to discontinue writing the coverage,...
Changes to Washington Homeowners and Auto Premium Rule to Be Considered
Nov 4 2024 // Washington Insurance Commissioner Mike Kreidler has proposed modifying the state’s recently adopted premium change transparency rule. The proposal is specific to Phase 2 of the rule (the automatic inclusion of...
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels
Nov 1 2024 // Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. Due to rising trends in the frequency and severity of...
Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms
Oct 29 2024 // A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by...
The Data Behind Rising Homeowners Premiums: By Peril and By State
Oct 24 2024 // The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S. Home...
Louisiana Nursing Home Owner to Pay $8.2M for Misusing Assets During Ida
Oct 22 2024 // Louisiana nursing home owner Bob Dean Jr. and several companies he operated have agreed to an $8.2 million consent judgment to resolve allegations that they misappropriated and misused the assets and income of four nursing...
Why Homeowners Insurers Are Unprofitable and What to Do About It: Aon
Oct 21 2024 // A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers...
