Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Deltona, Fla. Sinkhole Panics Homeowners; Fla. Legislature Considers ‘Pool’
Feb 7 2005 // Gun-shy Florida homeowners have a new natural disaster to add to their list of concerns, sinkholes. Dec. 13, accompanied by the sounds of tree roots snapping and limestone collapsing, a 225 ft. wide and 50 ft. deep...
Texas Homeowners
Feb 7 2005 // Nuts & Bolts: Arrowhead General Insurance Agency Inc. is offering a new homeowners product for Texas. Coverage details include: HO-A+ (with the HO-470T Extended Coverage); no photos or signatures required; loss free...
Texas Appeals Court Reverses Farmers Settlement
Feb 7 2005 // Justice David Puryear with the Third District Court of Appeals in Austin, Texas, on Jan. 21 struck down a $117.5 million settlement Farmers Insurance Group reached with the state in 2002 over homeowners insurance...
The Facts About Credit Information and Insurance
Feb 7 2005 // The use of credit history, one of many underwriting tools, is not a new concept and one that has received strict scrutiny from insurance regulators and consumer advocates around the country. Some insurers have used...
ACIC FIGHTS HOMEOWNERS REGULATIONS:
Feb 7 2005 // The Association of California Insurance Companies is fighting on two fronts against a proposed Dept. of Insurance regulation that would unfairly force many Californians to pay more than they should for homeowners...
Fla. CEO Requests Rate ‘Freeze’; Insurance Council Shares His Concerns
Feb 3 2005 // Florida’s CFO Tom Gallagher has requested a freeze on all insurance rate increases for homeowners policies. According to a press release issued by the Department of Financial Services: “I learned today that...
Fla, Committee to Discuss Revamping Homeowner’s Insurance Market
Feb 2 2005 // Florida’s Joint Select Committee on Hurricane Insurance meets in Tallahassee on Friday to discuss ways to revamp the homeowner’s insurance market. At the meeting the legislators will hear from consumer...
Ohio Has 4th Lowest Homeowners Rates, 16th Lowest in Auto Insurance
Feb 1 2005 // Ohio insurance consumers continued to benefit from a healthy property and casualty market in 2004 and rates are not expected to change significantly in 2005, the state’s insurance department announced. Homeowners...
March 1 Deadline for Fla. Hurricane Victims to Submit Multiple Deductible Claims
Jan 27 2005 // Homeowners eligible to receive compensation for multiple hurricane deductibles have been called on by Florida’s Chief Financial Officer Tom Gallagher to act now and file their applications for relief so they are...
ACIC Fights Unfair Homeowners Regs on Two Fronts
Jan 26 2005 // The Association of California Insurance Companies (ACIC) is fighting on two fronts against a proposed Dept. of Insurance regulation that would unfairly force many Californians to pay more than they should for homeowners...
FRUSTRATED FLA. HOMEOWNERS UNABLE TO CASH CHECKS:
Jan 24 2005 // Although insurance payment checks have been cut, Florida homeowners are calling the state’s storm victim hotline to complain because they can’t cash them. Callers have been telling hotline operators that...
Arrowhead Expands Homeowners Offering in Texas
Jan 21 2005 // San Diego, Calif.-based Arrowhead General Insurance Agency Inc. announced the availability of a new homeowners product for Texas. The coverage is written by Balboa Lloyds Insurance Company, an admitted market rated...
Del. to Require New Disclosures by Home Insurers
Jan 20 2005 // Delaware Insurance Commissioner Matthew Denn planned to reveal a new regulation today that will require insurance companies to provide prominent annual disclosures to each homeowner’s policyholder of where there...
J.E. Brown & Assoc. Offers New High Value Homeowners Program
Jan 20 2005 // Walnut Creek, Calif.-based J.E. Brown & Assoc. is offering a new High Value Homeowner Program, “Masterpiece.” Policy limits are unlimited; carrier is Chubb; “A++” rated, admitted. Deductibles...
New Md. Medical Liability Law, Upcoming Issues Reportedly Concerning Insurers
Jan 13 2005 // Although disappointed that the Maryland General Assembly chose to override Gov. Robert Ehrlich’s veto of a controversial medical liability reform bill, insurers are reportedly equally concerned about other challenges...
Industry Groups React to Texas State Senators’ Call to Ban Credit Scores
Jan 11 2005 // On Jan. 10, 2004, Texas State Senators Rodney Ellis of Houston, Gonzalo Barrientos of Austin and Eliot Shapleigh of El Paso announced their intent to file a bill in the legislative session that began Jan. 11 that would ban...
Sell Personal Lines Upgrades via Direct Mail
Jan 3 2005 // To remain in business, agents need to derive as much revenue as possible from every current insured, at the least possible cost. This is particularly the case now that the structure of the classic contingency commission is...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Jan 3 2005 // Inaccurate Territories and Assignments Hurt Consumers, Agents and Companies Territories offer tremendous opportunities for insurance companies to better segment their book of business, but private passenger auto and...
Conning:Home Insurers Hit ‘Sweet Spot,’ Could Stay There Until 2008
Jan 3 2005 // After two decades of poor financial results, the homeowners line is finally in the “sweet spot,” according to a new study by Conning Research and Consulting Inc. The study, Homeowners Insurance: The...
Florida: Still a Long Way to Go
Jan 3 2005 // Disgruntled homeowners attempting to repair residences destroyed by hurricanes Charley, Frances, Ivan and Jeanne applauded Florida legislators after they unanimously approved a bill to reimburse them for multiple...
