Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
State Farm Withdraws from Homeowners Insurance in Calif.
Apr 25 2002 // State Farm Insurance Company recently announced that it would no longer sell homeowners insurance in California due to the increasingly large payouts over the past two years, according to the Los Angeles Times. The company...
Ohio Insurance Director Asks State Supreme Court to Uphold Homeowners Standard
Apr 23 2002 // Ohio Insurance Director Lee Covington weighed in on a case before the Ohio Supreme Court, asking it to uphold the state insurance department’s longstanding policy that homeowners policies do not cover automobile...
State Farm Puts Moratorium on Calif. Homeowners’ Insurance
Apr 22 2002 // Saying the company’s top priority is to its current customers, State Farm has put a moratorium on issuing homeowners’ policies in California until further notice. “We’ve been facing some real...
PIFC Claims Higher Costs and Disruption in Homeowners Costs if SB 1763 Passes
Apr 17 2002 // Diane Colborn, vice president of the Personal Insurance Federation of California (PIFC) remarked that SB 1763, a bill authored by Senator Deborah Ortiz requiring all property and liability insurance policies to cover mold...
High Value Homeowner
Apr 15 2002 // Nuts & Bolts: Abram Interstate Inc. in Citrus Heights, Calif., is offering a new High Value Homeowner product. Coverage includes extended replacement cost, personal article floaters, replacement cost contents,...
Homeowners Associations
Apr 15 2002 // Nuts & Bolts: Union General has a coverage available for common area exposure for homeowners associations. Pricing is on a per unit basis. Coverage is available for tennis courts, basketball courts, baseball diamonds,...
Woodland, Calif. Homeowners to Purchase Flood Coverage
Apr 9 2002 // Woodland, Calif. homeowners are likely to soon receive letters from their mortgage letters requiring them to purchase homeowners insurance, according to the Sacramento Bee. The Federal Emergency Management Agency (FEMA)...
NAIC Study Finds Wis. Has Lowest Homeowner Rates
Apr 3 2002 // A study by the National Association of Insurance Commissioners (NAIC) found that Wisconsin has the lowest prices for homeowners insurance in the U.S. Wisconsin insurance commissioner Connie O’Connell expects these...
IIAA Applauds Introduction of Natural Disaster Bill
Apr 2 2002 // The Independent Insurance Agents of America (IIAA) is endorsing a just-introduced House bill that would increase availability and affordability of homeowners insurance in disaster-prone areas, according to the...
Manufactured Homes
Mar 25 2002 // Nuts & Bolts: First Premium Insurance Group is offering a manufactured homes program, by appointment. Dollars: Policy limits to $150,000; deductibles $250/$500. Carrier: Lloyd’s, rated “A.”...
Approval of State Farm HO-W Policy Applauded
Mar 25 2002 // State Farm Lloyds, the Dallas-based property insurance unit of State Farm Insurance Companies, received approval from the Texas Department of Insurance (TDI) to sell its nationwide homeowners policy, the HO-W, in Texas,...
AAIS Updates Rating Factors for Age of Homes and Utilities
Feb 26 2002 // The American Association of Insurance Services (AAIS) has begun filing Homeowners and Farmowners manual supplements that will provide an expanded series of premium credit and surcharge factors related to the age of a home...
Illinois Insurance Department Releases Credit History Survey Results
Feb 25 2002 // Illinois Director of Insurance Nat Shapo announced the release of the results of a survey on the use of consumers’ credit histories by the Illinois property and casualty insurance industry. In response to public...
Texas Gubernatorial Hopefuls Target Homeowners Insurance
Feb 25 2002 // Two Texas gubernatorial candidates—current Republican governor, Rick Perry, and Tony Sanchez, who’s seeking the Democratic spot on the ballot next November—announced separately that they want to investigate and...
The Politics of Mold
Feb 25 2002 // The politicians have gotten into the fray. Sounding off on the twin issues of severe rate hikes for homeowners insurance and the scourge of mold/water damage claims that insurers insist are threatening their very existence...
Homeowners & Condo Assoc.
Feb 25 2002 // Nuts & Bolts: M.J. Hall & Co. has available a homeowners & condo association program. Available on an appointment basis. Company is MGA for program. Dollars: Policy limits of $3,000,000, no deductibles,...
21st Century Insurance Group Reports 4Q Net Loss of $41M
Feb 8 2002 // California-based 21st Century Insurance Group reported a net loss for the year ended Dec. 31, 2001, of $27.6 million, or $0.32 diluted loss per share, compared to net income of $12.9 million, or $0.15 diluted earnings per...
NAII Stresses Legal, Competitive Reasons for Use of Credit Information
Feb 4 2002 // Insurance scores provide companies an objective and unbiased underwriting tool, Sam Sorich, vice president and western regional manager of the National Association of Independent Insurers (NAII) explained last week during...
Bill Restricting Credit-Based Scores Would Cause ‘Staggering’ Premium Hike
Feb 1 2002 // According to the National Association of Independent Insurers (NAII), pricing restrictions in pending legislation on insurers’ use of credit-based insurance scores would require low-risk consumers to pay...
INSURER EXITS CALIF. HOMEOWNERS
Jan 28 2002 // According to the Los Angeles Times, after a threeyear experiment, California-based 21st Century Insurance has decided to stop selling homeowners insurance in the state. Instead, 21st Century will refer customers to...
