Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Never a Dull Moment
Aug 18 2003 // It seems there’s never a dull moment in the Texas homeowners market. Insuring homes has always been a gamble here, what with the state’s notorious propensity for attracting wild weather. But since the Ballard...
Texas Carriers Ordered to Lower Homeowners Rates
Aug 18 2003 // On Aug. 8, the Texas Department of Insurance (TDI) ordered most of the top 32 insurance company groups writing homeowners insurance in Texas to lower their rates by up to 31 percent, a move the department expects will save...
Oklahoma Program Under New Management
Aug 12 2003 // Insurance Commissioner Carroll Fisher announced that the Oklahoma Market Assistance Program, which helps Oklahomans purchase homeowners insurance, is under new management. The move came after the program’s long-time...
Texas Carriers Ordered to Lower Homeowners Rates
Aug 11 2003 // On Aug. 8, the Texas Department of Insurance (TDI) ordered most of the top 32 insurance company groups writing homeowners insurance in Texas to lower their rates by up to 31 percent, a move the department expects will save...
Abram Interstate Unveils New Homeowner Program
Aug 6 2003 // California-based Abram Interstate has a new homeowners progam available. The program includes: Nuts & Bolts: Abram Interstate, Inc., announced a new Homeowner program. Dollars: Values start at $300,000 and up to $5...
BILL BANNING INSURANCE SCORES FAILS IN CALIF. ASSEMBLY COMM.
Aug 4 2003 // California Senate Bill 691 failed to pass the state Assembly Insurance Committee recently, legislation that would have reportedly banned the use of credit-based insurance scores for underwriting and rating homeowners...
Homeowners
Aug 4 2003 // Nuts & Bolts: Abram Interstate Inc., announced a new Homeowner program. Dollars: Values start at $300,000 & up to $5M. PC 1-10,Brush,w/ 150 ft of clearance,slope to 35%,150% Extended Replacement Cost,up $1M...
ALDOI Urges Homeowners to Review Hurricane Coverage
Aug 1 2003 // August ushers in the peak of hurricane season, so the Alabama Department of Insurance is asking Alabama homeowners to check their insurance policies in regards to hurricanes—particularly in the area of deductibles. In...
Profitable Performance by Safeco’s Auto and Group Lines Drives Q2 Results
Jul 28 2003 // Profitable performance of its Auto and Group stop-loss medical insurance lines drove Safeco’s second-quarter results as the company reported net income of $111.9 million, or $0.81 per diluted share. This compares...
Calif. Homeowners Emergency Regulation Adopted
Jul 28 2003 // The California Office of Administrative Law (OAL) last week approved the insurance department’s emergency regulation on homeowners insurance underwriting and rating. The regulation restricts insurers’...
Farmers Lowers Kan. Auto Rates, Not Homeowners
Jul 25 2003 // An earlier Insurance Journal story incorrectly reported that Farmers Insurance Group was reducing homeowners rates in Kansas, when in actuality it was lowering auto rates. The story was based on an erroneous statement...
IIABA Supports Passage of Flood Reforms
Jul 25 2003 // The Independent Insurance Agents & Brokers of America (IIABA) is applauding approval of flood insurance reform legislation by a House committee that will reportedly extend the program for five years and institute...
N.C. ‘Beach Plan’ to Offer HO Policies for Coastal Residences
Jul 23 2003 // North Carolina Insurance Commissioner Jim Long and State Senator Scott Thomas announced a new law which is expected to alleviate the homeowners insurance crisis currently felt by residents of North Carolina’s 18...
Farmers Group Lowers Rates for Kan. Homeowners
Jul 18 2003 // Farmers Insurance Group® announced they are reducing homeowners rates in the state of Kansas. Farmers’ policyholders in Kansas were to see a rate decrease of .7 percent effective July 1. Actual savings will vary...
N.Y. Dept. Initiates Return of Unlawful Premiums Charged on Homeowners Policies
Jul 18 2003 // New York Superintendent of Insurance Gregory Serio announced that an investigation has determined that the New Hampshire Insurance Company reportedly illegally collected premiums for terrorism insurance on approximately...
ACIC Objects to California Homeowners Regulations
Jul 18 2003 // On July 15, the Association of California Insurance Companies (ACIC) filed objections to the California Office of Administrative Law (OAL) regarding a proposed emergency regulation that would impose restrictions on...
Water Losses Flood Calif. Homeowners’ Market, Study Says
Jul 17 2003 // The cost of household water damage in California continues to grow at an alarming rate, while the volume of insurance claims being filed for water damage is climbing modestly, a new study has found. Remediation and...
SB 64 Poses Threat to Calif. Homeowners Market, Says AIA
Jul 10 2003 // A proposed bill severely restricting insurers’ ability to manage exposure and calculate risk would give homeowners insurers no option but to limit writing new coverage in California, the American Insurance...
SB 691 Fails in Calif. Assembly Ins. Committee, ACIC Pleased
Jul 10 2003 // California Senate Bill 691 failed to pass the state Assembly Insurance Committee July 9, legislation that would have banned the use of credit-based insurance scores for underwriting and rating homeowners insurance....
Minn. Federation Offers Tree Removal Tips
Jul 7 2003 // As the summer storm season marches on, Minnesotans continue to deal with the damage that goes along with severe weather. The Insurance Federation of Minnesota is urging homeowners to take caution regarding tree removal...
