Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Homeowners Insurance Costs Up by 2.5% in 2005; Smallest Increase in 6 years
Mar 1 2005 // Good news for homeowners this year came from the Insurance Information Institute, which projected that the cost of insuring homes will rise by only 2.5 percent in 2005, the smallest increase in six years. The projected...
PIFC Pleased with Final Court of Appeal Ruling on CDI
Feb 28 2005 // The California Third Appellate District Court of Appeal on Monday upheld a Superior Court ruling that knocked down emergency regulations adopted by Insurance Commissioner John Garamendi which sought to restrict the...
HOMEOWNERS RATES 4TH LOWEST IN NATION
Feb 21 2005 // Ohio insurance consumers continued to benefit from a healthy property/casualty market in 2004 and rates are not expected to change significantly in 2005, the state’s insurance department announced. Homeowners...
Hurricane Victims to Submit Multiple Deductible Information
Feb 21 2005 // Homeowners eligible to receive compensation for multiple hurricane deducti-bles have been called on by Florida’s CFO Tom Gallagher to file their applications for relief so they are received in Tallahassee before...
The Facts About Credit Information and Insurance
Feb 21 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...
High Value Homeowners
Feb 21 2005 // Nuts & Bolts: Walnut Creek, Calif.-based J.E. Brown and Associates is offering a new high value homeowner program called “Masterpiece.” Policies can include all risk with 200 percent replacement cost,...
The Facts About Credit Information and Insurance
Feb 21 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...
March 1 Deadline to Apply for Multiple-Deductible Relief
Feb 18 2005 // March 1 is the deadline for Florida homeowners who paid multiple hurricane deductibles to apply for relief from the state according to Tom Gallagher, Chief Financial Officer. The program was created to avoid the terrible...
Fla. CFO, Lawmakers Push for Legislation to Better Inform and Protect Homeowners
Feb 16 2005 // Florida’s Chief Financial Officer Tom Gallagher on Wednesday joined two key lawmakers in pushing legislation to require insurance companies to clearly outline what is covered in homeowners insurance policies. The...
Legislation Calling for Stronger Oversight of Nursing Homes Filed in Oklahoma
Feb 15 2005 // Seeking to put an end to accounts of neglect, abuse and mismanagement at many of Oklahoma’s nursing homes, State Rep. Lee Denney filed legislation that would revamp the board responsible for overseeing the...
TDI Updates Personal Lines Price Comparison Guides
Feb 15 2005 // The Texas Department of Insurance announced the release of its 2005 insurance price comparison guides, which are available on the agency’s Web site at www.tdi.state.tx.us. The new price comparisons update and replace...
532,000 Fla. Mobile Home Owners Could Face Costly Premium Increases
Feb 14 2005 // Six months after four hurricanes tore through Florida, more than 532,000 mobile home owners in the state could soon face costly premium increases or lose coverage according to Sam Miller, executive vice president of the...
Abram Interstate Unveils Web-based Rating Program
Feb 7 2005 // Abram Interstate Insurance Services Inc. announced the release of P.U.R. E., a new Web-based rating program for personal property. P.U.R.E. (Personal Lines Underwriting and Rating Engine) is a new Web-based Homeowners and...
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...
