Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Allstate Reports Strong Q2 with Profit Up 49% Despite Pandemic
Aug 10 2020 // What pandemic? Allstate’s doing just fine. The giant personal lines insurer reported net income of $1.2 billion for the second quarter, an increase of 49% compared to the prior year quarter. Underwriting income...
Progressive Q2 Profit Up on Fewer Accidents; CEO Says ‘Black Lives Matter,’ Vows Action
Aug 10 2020 // “Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in a letter to shareholders. In the letter that was mostly commentary on second quarter results,...
Ohio Auto, Home Insurance Premiums Still Among Lowest in U.S.
Aug 3 2020 // On average, home and auto insurance premiums in Ohio remain among the lowest in the country, the insurance department says. The Ohio Department of Insurance reported that a recent analysis shows the average homeowners...
New Hampshire Investigating Ventilation in Nursing Homes After Virus Outbreaks
Jul 30 2020 // New Hampshire health and fire safety officials will spend the next two weeks investigating whether ventilation systems have contributed to coronavirus outbreaks at nursing homes, Gov. Chris Sununu said Tuesday. More than...
Rising Virus Cases Spark Concern for Florida Nursing Homes
Jul 29 2020 // The coronavirus transformed Florida’s nursing homes into closely guarded fortresses beginning in March, with the state banning family visits, isolating infected residents in separate wings and now requiring staff be...
More than 14K Homes Vulnerable to Hanna’s Storm Surge, CoreLogic Says
Jul 27 2020 // CoreLogic has estimated that more than 14,000 homes were at risk of storm surge damage from Hurricane Hanna, which made landfall in South Texas on July 25. CoreLogic’s Coastal Storm Risk Score shows the number of...
Northeast Insurer Plymouth Rock Assurance Launches Umbrella Coverage
Jul 23 2020 // Plymouth Rock Assurance, an auto and home insurance provider in the Northeast, has launched a new umbrella insurance product for customers across the six states in which it does business. Plymouth Rock’s new umbrella...
Home Insurance Insurtech Hippo Raises $150M as It Readies for IPO in 2021
Jul 21 2020 // Hippo Enterprises Inc., hot on the heels of rival home insurance technology business Lemonade Inc. going public, has closed a $150 million financing round. The Palo Alto, California-based startup is valued in the...
Personal Lines Insurance Poised to Turn Profit in 2020 As Auto Claims Fall: Fitch
Jul 20 2020 // After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even with considerable economic uncertainty from the coronavirus pandemic, according to a report from...
Nursing Homes Face Uphill Battle
Jul 20 2020 // At least 40% of all coronavirus deaths in the U.S. are from nursing home residents and caregivers. States like Massachusetts and Pennsylvania report an astounding 62% to 65% of their COVID-19 deaths from nursing homes and...
Report Says COVID-19 Brought to N.Y. Nursing Homes By Infected Staff, Visitors
Jul 16 2020 // A New York State Department of Health (NYSDOH) report says the coronavirus outbreak that has afflicted nursing homes throughout the state may have resulted from staff and visitors unknowingly infecting residents early in...
Molokai Homeowners Sue Maui Over Vacation Rental Permits
Jul 15 2020 // A vacation rental association and four homeowners have filed a federal lawsuit against the county of Maui claiming their rights have been violated by restrictions placed on short-term vacation rentals on the Hawaiian...
Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering
Jul 6 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...
Wildfire Burns 20 Homes in Southern California Desert Town
Jul 1 2020 // A wind-driven wildfire destroyed homes and forced evacuations as it tore through a rural Southern California desert town near the Salton Sea, authorities said. The fire erupted Sunday evening in Niland, a small and poor...
Insurtech MGA Delos, Canopius to Offer Wildfire Protection Coverage in California
Jun 29 2020 // Delos Insurance Solutions, a property insurtech managing general agent (MGA), has created a new insurance product with Canopius US Insurance designed to improve the homeowners insurance options for those living in wildfire...
Upmarket Homeowners Insurance Platform Openly Raises $15 Million
Jun 24 2020 // Boston-based Openly, a platform that sells upmarket homeowners insurance through independent agents, said it has closed a $15 million Series A investment. The round was led by Obvious Ventures, with participation from...
In U.S., 1 in 4 COVID-19 Deaths Are Residents of Nursing Homes
Jun 22 2020 // Nursing home residents account for nearly 1 in 10 of all the coronavirus cases in the United States and more than a quarter of the deaths, according to an Associated Press analysis of government data released Thursday. As...
Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering
Jun 22 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...
Backers of Controversial California Homeowners Insurance Bill Like Its Momentum, Timing
Jun 17 2020 // Backers of a controversial bill in California, which they say is designed to increase insurance coverage in high-risk wildfire areas by amending Proposition 103, believe it has the right timing and plenty of momentum to go...
Early Morning Explosion Heavily Damages Houston Bar, Nearby Homes
Jun 15 2020 // An early morning explosion that heavily damaged a bar and some homes near downtown Houston on June 12 was intentionally caused, according to the Houston Fire Department. Arson investigators did not provide other...
