Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Pleas for Help Made at Orlando Town Hall Meetings; Gallagher to Suggest ‘Standard’ Policies
Apr 4 2005 // Tom Gallagher, Florida’s CEO and House Insurance Committee Chair Rep. Dennis A. Ross, R-Lakeland, listened intently to hurricane-related complaints–from families with nowhere to live, to homeowners with $500...
South Central Homeowners Market Update
Apr 4 2005 // Judging from the homeowners insurance rate changes reported by the Arkansas Insurance Department for 2004, the highest increases were effective before August. The largest hike, 28.3 percent, was filed by Federal Insurance...
Court Upholds Industry Lawsuit: CDI’s Homeowners Regulations Illegal
Apr 4 2005 // Charges by the California Department of Insurance that the California homeowners insurance industry arbitrarily nonrenews or raises rates on homeowners who file one claim or make an inquiry about their coverage is little...
Homeowners Moving to the West Coast
Apr 4 2005 // Whether your client owns a multi-million dollar home overlooking the Pacific Ocean or a small bungalow tucked away a mile from the beach, it is your responsibility to find the right homeowners insurance coverage that will...
Record Rainfall Will Lead to a Flood of Litigation
Apr 4 2005 // As Los Angeles inches toward its highest annual rainfall total on record, the property damage left in the wake of the storms is devastating. All across the Southland, homes have toppled down hillsides as if they were toys....
Adjusters can Detect the Problem of Underinsurance Before Disaster Strikes
Apr 4 2005 // In the aftermath of the devastating Southern California wildfires of October 2003, claim adjusters went to work in an area where an estimated 3,631 structures were destroyed. In many cases the only remaining indication of...
Homeowners Want ‘Uncovered Perils’ Clarified; Fla. Legislators Won’t Budge
Apr 1 2005 // Homeowners with outstanding claims for hurricane damage and their attorneys, insurance company lobbyists and Florida’s House Insurance Committee members all disagree about if an insurance company is liable if a...
Sinkhole or Settling? Fla. Insurance Committee Attempting to Find a Definition
Apr 1 2005 // House Insurance Committee members meeting in Tallahassee, Fla. are attempting to hammer out a bill to better define sinkholes, a common problem in many counties in which entire highways, neighborhoods and houses are...
Fla. CFO Seeks to Clarify Reported Confusion with Storm Claims, Outlines Options to Help Consumers
Mar 30 2005 // Florida’s Chief Financial Officer Tom Gallagher on Wednesday raised concerns with confusing policy language and recommended solutions for helping consumers navigate through their homeowners insurance policies and...
Fla. Bills Propose Standardize Policies, Rating Territories; Might Lower CAT Cap
Mar 28 2005 // Standard insurance policies, standard rating territories and lowering the cap from $4.5 million to $4 million on the amount of insured losses that a company has to sustain before drawing money from the Catastrophe Fund are...
Fla. Legislators Hammering Out Property Insurance Regulations, Changes
Mar 25 2005 // Major changes in Florida’s property insurance system are being mulled over by Florida lawmakers after the House and Senate have both been wrestling with the topic and have now hammered out changes to tighten up the...
Mich. DOI Study Finds Competition Doesn’t Equal Affordability; Insurers Say Losses Driving Rates
Mar 24 2005 // Michigan’s Office of Financial and Insurance Services last week released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the...
AIA OPPOSES WASH. BILL LIMITING UNDERWRITING BASED ON DOG BREED:
Mar 21 2005 // If a Washington measure becomes law, responsible pet owners who take care of their animals will face higher insurance costs to subsidize rates for others with dogs more likely to bite, according to the American Insurance...
GARAMENDI WILL FIGHT AGAINST ABUSES IN HOMEOWNER INDUSTRY:
Mar 21 2005 // California Insurance Commissioner John Garamendi issued the following statement in response to the recent Court of Appeal’s ruling on the state’s authority to regulate homeowners’ insurance: “The...
Victims Ask for Help at Town Hall Meetings; Gallagher to Propose ‘Standard’ Policies
Mar 21 2005 // Tom Gallagher, Florida’s CEO and House Insurance Committee Chair Rep. Dennis A. Ross, R-Lakeland, listened intently to an array of hurricane-related complaints – from families with nowhere to live to homeowners...
Legislation Aimed at Protecting Okla. Homeowners Clears State Senate
Mar 18 2005 // A measure to ensure that Oklahoma homeowners do not receive a cancellation notice of their insurance after filing a claim and a bill to enable consumers to get defects with their newly built home repaired swiftly have...
N.C. Commission, Rate Bureau Reach Compromise; Agree on 2.2 Percent Average Policy Increase
Mar 18 2005 // A compromise agreement approving a 2.2 percent average statewide homeowners premium increase has been reached between the North Carolina Insurance Commission and the North Carolina Rate Bureau. The Bureau, an independent...
Washington Bill Asks Insurers to Consider Dogs’ Deeds, not their Breeds
Mar 18 2005 // The only problem Dee Robison has with her favorite Doberman pinscher, Darby, is that the 90-pound pooch gets a little jealous when she turns her attention toward the television. “He’ll just stand there with his...
TDI Orders Homeowners Insurers to File Rates
Mar 17 2005 // The Texas Department of Insurance announced that record low loss ratios reported by Texas homeowners insurers in 2004 has prompted the department to order some of the state’s largest homeowners insurance groups to...
Fla. Homeowner Files Lawsuit, Asks Allstate to Pay $10,000 for Mold Damage
Mar 14 2005 // A Florida homeowner has filed a lawsuit against Allstate Insurance to collect $10,000, accusing the company of failing to pay for mold damage after Hurricane Charley. The lawsuit brought by homeowner Luann Guy of Cape...
