Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
J.D. Power: Homeowners Customers Satisfied Despite Rising Premiums
Oct 27 2003 // — Most Customers Rely on Agent’s Expertise — Customer satisfaction with homeowners insurance remains stable despite a sharp hike in premiums, according to the J.D. Power and Associates 2003 Homeowners Insurance...
Half of California Homes Face Wildfire Dangers
Oct 23 2003 // More than half of California’s 12.5 million homes face wildfire dangers that pose a financial loss potential well in excess of $106 billion, according to state fire statistics and insurance industry analysis. These...
ICT Reminds Agents, Policyholders of FAIR Plan Limitations
Oct 23 2003 // The Texas FAIR (Fair Access to Insurance Requirements) Plan is on its way to insuring more than 100,000 homeowners before the end of the year, according to the Insurance Council of Texas (ICT), and on the Plan’s...
Proformance to Acquire Sentry’s N.J. Auto and Homeowners
Oct 21 2003 // New Jersey’s Proformance Insurance Company announced that it has agreed to acquire the New Jersey auto and homeowners insurance business of Sentry Insurance, a Mutual Company of Stevens Point, Wisconsin. Proformance...
Super Bowl Fever’
Oct 20 2003 // For some, Houston is the place to be on Feb. 1, 2004, when the Super Bowl comes to town. As such, many Houstonians may succumb to the temptation to make money off of football fans by renting their homes to out-of-town Bowl...
CLAIMS FROM ISABEL EXPECTED TO APPROACH $1 BILLION:
Oct 20 2003 // U.S. insurers are likely to pay out close to $1 billion to help people whose homes, businesses and personal possessions were damaged by Hurricane Isabel, according to the Insurance Information Institute (I.I.I.). The...
Farmers Receives Approval for Lower Rates for Calif. Homeowners
Oct 15 2003 // The Farmers Insurance Group® of Companies announced it has received approval for a rate reduction from the California Department of Insurance on homeowners business in the state of California. Beginning with renewals...
Chubb Enhances Calif. Homeowners Insurance Offering
Oct 8 2003 // The Chubb Group of Insurance Companies has made several enhancements to its Masterpiece homeowners insurance program in California. Chubb has introduced new coverages, more competitive rates, higher deductibles and other...
Homeowners Insurance Expects 8 Percent Jump in 2004
Oct 6 2003 // Rapidly rising construction costs prices, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by eight percent in 2004, according to a report by the...
Calif. Legislative Session Adjourns With New Privacy Law, WC Reform
Oct 6 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty industry during the 2003...
IIAT Queries Commissioner José Montemayor About Reforms
Oct 6 2003 // The Texas Department of Insurance has begun implementing the directives in Senate Bill 14 to bring balance, stability, fair pricing and a dynamic homeowners insurance market to Texas. Its first step toward that goal...
Calif. Legislative Session Adjourns With New Privacy Law, Work Comp Reform
Sep 29 2003 // New financial privacy requirements and legislation aimed at cutting workers’ compensation costs are the two most significant public policy measures that impacted the property/casualty insurance industry during the...
Safeco Reports Most Homeowners’ Pain Isn’t from the Rain
Sep 26 2003 // With hurricane season still generating powerful storms, and cold weather rain and snow not too far away, homeowners might be surprised to learn the most common cause of water damage to personal property isn’t from...
Homeowners Insurance Expects 8% Jump in 2004
Sep 22 2003 // Rapidly rising construction costs, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by 8 percent in 2004, according to a report by the Insurance...
Claims From Isabel Expected to Approach $1 Billion
Sep 22 2003 // U.S. insurers are likely to pay out close to $1 billion to help people whose homes, businesses and personal possessions were damaged by Hurricane Isabel, according to the Insurance Information Institute (I.I.I.) The storm,...
HOMEOWNERS RATE REVIEWS OVER
Sep 22 2003 // The Texas Department of Insurance completed its second and final round of reviews of Texas homeowners’ insurance company rates, in which 29 companies were reviewed and five insurers were ordered to reduce rates from...
JUMP LIKELY IN RESIDENCE RATES
Sep 22 2003 // Rapidly rising construction costs prices, home remodeling and increasingly expensive natural disasters are expected to push the cost of homeowners insurance up by eight percent in 2004, according to a report by the...
2002 Market Share for Insurers in Texas
Sep 22 2003 // The 2002 premium and loss data for Texas provides hope for the future of Texas insurance markets. Here are the highlights in review: • The aggregate loss ratio for all Texas companies for all lines of business was 78.4...
Underwriting Discipline Needed to Restore Profitability to Homeowners Market
Sep 18 2003 // Insurers must be more disciplined in their underwriting and pricing, or they will continue to face unacceptable losses in the homeowners insurance market. That was the advice from a panel of experts at the Annual...
As Isabel Heads for N.C., Commissioner Urges Storm Readiness
Sep 17 2003 // With Hurricane Isabel threatening North Carolina’s coast, Insurance Commissioner Jim Long today released a comprehensive list of consumer tips to address questions frequently encountered by North Carolinians...
