Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Nonadmitted Markets Open Options for Homeowners
Oct 11 2004 // Even before Charley and Frances, insurers were fleeing the homeowners market for high-risk properties at an alarming pace. Over the last several years, large catastrophe and mold losses have caused a number of insurers to...
FREEZE PLACED ON HOMEOWNER’S POLICIES:
Oct 11 2004 // Florida’s State Cabinet approved a measure recommended by Florida Chief Financial Officer Tom Gallagher to impose a 60-day grace period on premium payments and non-renewals for homeowners insurance, in the aftermath...
MOBILE HOMES BEAR BRUNT OF HURRICANE DAMAGE IN FLORIDA:
Oct 11 2004 // Despite improvements in construction and safety standards since Hurricane Andrew, damage to mobile homes in the paths of recent hurricanes was significant according to the Property Casualty Insurers Association of America...
Remember the Lessons of Hurricane Andrew
Oct 11 2004 // Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited...
Fla. Homeowners’ Policies to be Reassessed, Double-Digit Rate Hikes Possible
Oct 4 2004 // The year ahead could be a shocker for homeowners in Florida, a state accustomed to skyrocketing insurance rates, due to the recent barrage of hurricanes that hit the state. To keep insurance companies in town and writing...
South Louisiana Homeowners Face Steep Rate Hikes
Oct 4 2004 // Homeowners in southern Louisiana who cannot obtain private insurance face average rate hikes of 27 percent to get coverage, although some may pay 50 percent more, according to reports from The Advocate and the Associated...
Hurricanes Insurance Claims Expected to Exceed $22 B
Oct 4 2004 // Thanks to Charley, Frances, Ivan, and Jeanne, insurance claim payments are expected to exceed $22 billion, far surpassing the claims for hurricane Andrew in 1992, which totaled $15.5 billion. According to the Insurance...
Fla. Official Urges Patience in Filing Insurance Claims
Oct 1 2004 // After preparing for recent hurricanes, then living through them, the last thing shell-shocked Osceola County, Fla. residents want is difficulty in filing claims with insurance or government agencies. Some homeowners are...
W. Va. Disaster Survivors with Insurance Might Also Qualify for FEMA, State and SBA Assistance
Sep 29 2004 // Individuals and business owners who have private flood insurance may still qualify for disaster assistance from the Federal Emergency Management Agency (FEMA), state and federal officials said. Home and business owners who...
Alliance Mutual Teams with Homes4NC to Aid Hurricane Victims in Western Part of N.C.
Sep 28 2004 // Alliance Mutual Insurance Company, based in Greensboro, North Carolina, has partnered with Homes4NC, the North Carolina Association of REALTORS® Housing Opportunity Foundation, to aid those in Western North Carolina who...
Insurance Updates: A Critical and Personal Responsibility, Statewide Poll Finds
Sep 21 2004 // Californians overwhelmingly consider it their personal responsibility to keep their homeowners insurance current, but do not always place a high priority on updating their policies to meet their changing needs, a new poll...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Sep 20 2004 // 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...
Governor Signs Three Post-Fire Homeowners Bills
Sep 20 2004 // Governor Arnold Schwarz-enegger signed three homeowners bills into law that responded to problems arising out of last year’s Southern California wildfires. Two of the bills, AB 2199 and SB 64, were considered part of...
A Fresh Look at Rating Territories for Auto and Homeowners Insurance
Sep 20 2004 // 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...
Willis Program Targets High-Valued Homeowners
Sep 15 2004 // Luxury homeowners in high risk areas now have a new option when seeking to protect their properties. Willis Programs’ new offering, VIPHomeGuard, will provide customized coverage to homes valued in excess of $500,000...
Kan. Home and Auto Insurance Guides Available From Insurance Department
Sep 15 2004 // Two new handbooks and shoppers’ guides designed to assist consumers with questions about homeowners and auto insurance are now available from the Kansas Insurance Department. The handbooks outline coverage...
Atlantic Mutual Has Available Checklist to Make Sure Homes Are Properly Insured
Sep 15 2004 // Atlantic Mutual Insurance Co., a specialist in providing personal lines insurance to affluent policyholders, is offering a free checklist to help homeowners determine if their homes have the proper amount of insurance. The...
Higher Deductibles 1 Way to Ease Homeowners Crisis, Argues Big I Report
Sep 14 2004 // Why has the hard market created a homeowners insurance affordability and availability problem for so many consumers? Homeowners insurance policies are too broad, deductibles are too small, and insurers don’t do...
Hard-Hit Floridians Can Turn to FEMA Grants, SBA Loans to Recover From Hurricanes
Sep 8 2004 // While insurance payments will reportedly help most Floridians recover from the financial losses inflicted by Hurricanes Charley and Frances, government grants and low interest loans will be available to help pay for the...
ILL. HOMEOWNERS COMPLAINTS UP 16%:
Sep 6 2004 // While Illinois consumers filed fewer complaints overall about their insurance companies and HMOs in 2003, complaints regarding homeowners insurers were up for the second consecutive year, according to statistics released...
