Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
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...
Property Services Company Agrees to $550K Settlement in Massachusetts
Jun 15 2020 // A property services company has agreed to pay $550,000 and change its business practices to settle allegations that it violated state consumer protection laws by illegally profiting from Massachusetts homeowners facing...
Tennessee Senate Approves Coronavirus Liability Bill for Nursing Homes, Businesses
Jun 15 2020 // The Tennessee Senate advanced legislation Thursday that would provide nursing homes, grocery stores and other businesses sweeping protections from coronavirus lawsuits. The measure is similar to the growing trend going on...
6-in-10 Homes in High-Risk Flood Zones Lack Flood Insurance
Jun 15 2020 // As the Atlantic hurricane season gets underway, a new report analyzing 100 of the largest U.S. cities shows where homeowners face the greatest financial risk and exposure to flooding. According to the personal financial...
Nursing Homes Account for 60% of Idaho’s COVID-19 Fatalities
Jun 9 2020 // More than 60% of Idaho’s coronavirus-related deaths are among residents of long-term care facilities like nursing homes, according to numbers released by the state on Friday. The Idaho Department of Health and...
California Consumer and Insurer Groups Square Off Over Homeowner Insurance Bill
Jun 9 2020 // A consumer group is warning that homeowners could pay billions more for their home insurance under what it calls an “insurance industry legislative attack on California’s effective rate...
Homes Burned, Evacuations Ordered in California Wildfire
Jun 5 2020 // A grass fire burning northeast of San Francisco destroyed or damaged about a dozen homes Wednesday and prompted evacuations of several streets, fire officials said. The fire erupted at around 3:30 p.m. near a wildlife...
Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance
Jun 5 2020 // Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to...
