Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Agents Speak Out Against TDI Residual Market Proposals
Oct 28 2002 // At a Texas Department of Insurance public hearing held in early October, insurance agents and other interested parties testified on TDI proposals to create a temporary residual market or market-of-last-resort for...
Survival in the Homeowners Market Takes Preparation
Oct 28 2002 // Be prepared.” Personal lines agents would do well to take that time-tested Scout motto to heart during these troubled times in the Texas homeowners market. Already inundated with calls from folks who are having a...
Survival in the Homeowners Market Takes Preparation
Oct 28 2002 // Be prepared.” Personal lines agents would do well to take that time-tested Scout motto to heart during these troubled times in the Texas homeowners market. Already inundated with calls from folks who are having a...
State Farm Gets Rate Increase in Fla.
Oct 21 2002 // State Farm Insurance Co. is expected to resume writing new homeowners insurance policies in Central Florida and other parts of the state on a limited basis after being granted a 23.3 average increase for homeowners...
Michigan Insurance Dept. Launches Home Insurance Site
Oct 21 2002 // The Michigan Office of Financial and Insurance Services (OFIS) announced that it has launched a special home insurance information web site to provide the state’s consumers with up-to-date information on the...
IIAT Launches Tool to Connect Independent Agents With Homeowners
Oct 18 2002 // The Independent Insurance Agents of Texas announced it now offers homeowners a new online resource for finding independent insurance agencies that are actively writing homeowners insurance policies. The resource, called...
Montemayor Hears Testimony on Last-Resort Options
Oct 15 2002 // Angry agents from Farmers Insurance Group confronted Insurance Commissioner Jose Montemayor during a recent public hearing on Texas Department of Insurance proposals designed to increase the availability of homeowners...
Election Chatter or Solutions’
Oct 14 2002 // Tell them what they want to hear or offer true solutions? That is the question facing the candidates who are running for offices in California and Texas this Nov. 5. Two of the races—the race for insurance commissioner...
Election Chatter or Solutions’
Oct 14 2002 // Tell them what they want to hear or offer true solutions? That is the question facing the candidates who are running for offices in California and Texas this Nov. 5. Two of the races—the race for insurance commissioner...
Farmers’ Pullout Puts Agents, Homeowners in a Jam
Oct 14 2002 // Negotiations continued in early October between state officials and senior executives of Farmers Insurance Group of Companies in the effort to find a solution that would entice the insurer to continue to provide homeowners...
FISHER SAYS OKLAHOMANS ARE SAFE
Oct 14 2002 // In response to Farmers’ notification that it won’t be renewing homeowners polices for its Texas customers, Oklahoma Insurance Commissioner Carroll Fisher issued an announcement clarifying that consumers in his...
Strong Action Needed to Stabilize Homeowners Market
Oct 14 2002 // The Texas homeowners insurance market—like many around the nation—is experiencing rising premiums, controversy over mold claims and debate over the use of credit scoring. Texans purchase 3.9 million homeowners...
2001 Market Share For Insurers in Texas
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
AIA Supports Texas’ Development of Stopgap Residual Market
Oct 11 2002 // Given the increasingly complex situation created by Farmers Insurance Group’s recent announcement to leave the Texas homeowners insurance market, the American Insurance Association (AIA) supports the efforts of the...
Alliance’s Woods Testifies Before TDI on Homeowners Crisis
Oct 11 2002 // In testimony before the Texas Department of Insurance (Docket No. 2535) on the departments’ plans to implement stopgap measures to help prevent a homeowners insurance market meltdown, Joe Woods, Southwest regional...
AFACT Says Plenty of Companies Staying in Texas
Oct 4 2002 // The Association of Fire and Casualty Companies of Texas (AFACT), a property/casualty insurance trade association, announced that its member companies are still offering homeowners policies to Texas consumers and asserted...
Underwriters’ TX Homeowners Rating System Now Free
Oct 4 2002 // Underwriters Technologies’ proprietary Texas Homeowners Rating System is available free for all agents and carriers at its Web site, www.underwriterstechnologies.com, under the Free Tools link. The online rater...
TDI Expands Homeowners Options
Oct 4 2002 // Texas Insurance Commissioner Jose Montemayor initiated two actions—a statewide expansion of the Texas Windstorm Insurance Association (TWIA) and triggering of state market assistance programs, called the FAIR (Fair...
Aon Study Reports Homeowners Marketplace Still Not Earning Its Cost of Capital
Oct 4 2002 // Aon Corporation announced the results of Aon Re Worldwide’s comprehensive study of the U.S. homeowners marketplace. The results of the study reveal that the homeowners insurance industry, despite recent rate and...
Minnesota Homeowners Average 14% Rise, Workers Comp Re 5.8%
Oct 3 2002 // Minnesota consumers are experiencing a sharp rise in premiums in all classes of insurance, with homeowners’ policy rates up an average of 14 percent according to the State’s Commerce Department, which regulates...
