Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
North Carolina Homeowners, Mobile Home Rates Going Up
Sep 30 2019 // The North Carolina Department of Insurance and the North Carolina Rate Bureau have settled a legal dispute over a proposed premium increase for homeowners insurance rates, according to a statement from NCDOI. NCDOI has...
U.S. Private Flood Insurance: The Journey to Build a New Market
Sep 27 2019 // Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for residential flood...
Group Says FEMA’s Flood Home Buyouts Take Too Long
Sep 19 2019 // For those who want to move out of a flood zone, the wait time for a home buyout can stretch five years or more, according to the Natural Resources Defense Council (NRDC), which analyzed nearly 30 years of data from the...
Insurtechs Poised to Challenge Traditional Home Insurers: J.D. Power
Sep 18 2019 // Traditional home insurers appear to be in need of an image change, and that, in turn, could create a big opportunity for insurtech startups, according to the latest J.D. Power U.S. Home Insurance study. Approximately 74...
Resolving Claim Disputes: Step 3 Research and Document the Interpretation – Part 1 of 3
Sep 16 2019 // This article introduces a three-part series covering over a dozen largely legal and contractual principles, many of which are used by attorneys to resolve contract disputes. Most of them can also be used by agents and...
Schools, Homes Evacuated After Illinois Derailment, Fire
Sep 12 2019 // A freight train believed to be bearing a flammable liquid used in solvents derailed Tuesday in an Illinois suburb of St. Louis, causing a fire that sent thick, black smoke into the air and prompted the evacuation of nearby...
Report: $221B in Western U.S. Homes at Extreme Risk of Wildfire Damage
Sep 12 2019 // Nearly 776,000 homes with a reconstruction cost value of more than $221 billion are at extreme risk of wildfire damage, a new report out Thursday shows. The 2019 CoreLogic Wildfire Risk Report examines single-family and...
New Orleans Fire Department Gets Protection Classification Upgrade
Sep 6 2019 // The New Orleans Fire Department has achieved Public Protection Classification 1 status for the first time in its history, the Louisiana Department of Insurance announced. Homeowners in New Orleans can expect rate...
CoreLogic: More Than 600K Homes in Carolinas Could Be At Risk from Dorian
Sep 5 2019 // The wrath of Hurricane Dorian isn’t over yet and many more communities in its path are at risk and are bracing for the storm after it demolished the Bahamas earlier this week. The extremely slow-moving hurricane is...
AAA Carolinas to Offer Home Concierge Service for Homeowners Claims
Sep 4 2019 // AAA Carolinas Insurance has partnered with digital marketplace HomeAdvisor to help members repair, replace and recover after they’ve received payment for a homeowners insurance claim. Home Concierge, powered by...
Aid Offered for Homeowners Affected by Lake Ontario Flooding
Sep 3 2019 // Homeowners impacted by Lake Ontario flooding this year can apply for up to $50,000 in state funding to repair damage. New York Governor Andrew Cuomo says the Lake Ontario-St. Lawrence River Flood Relief and Recovery...
Wildfires Making Insurance Harder to Find, California Department of Insurance Says
Sep 2 2019 // Severe wildfire seasons have made it harder for homeowners to find insurance in high wildfire-risk areas, according to new data collected by the California Department of Insurance. The data released in late-August from the...
How Insurers Help Design High-End Homes That Mitigate Disaster Risk
Aug 30 2019 // Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned. So Gendelman, who runs an insurance brokerage,...
More Tesla Solar Panel Claims Emerge; 2 Home Insurers Allege Negligence
Aug 29 2019 // One evening last year, David Burek noticed charred wood and a burning smell in his attic, near his young sons’ bedroom. He climbed a ladder and saw a melted connector wire from the solar panels installed on the roof...
Insurtech Kin Insurance Raises $47M to Launch Florida Homeowners Carrier
Aug 29 2019 // Kin Insurance, an insurtech startup focused on home insurance in catastrophe-prone regions, said it has raised $47 million in new venture financing to fuel expansion and a revamped business model. August Capital led the...
New Texas Law Requires Home Sellers to Reveal More About Flood History, Risks
Aug 27 2019 // When Hurricane Harvey’s devastating rains began overwhelming the Houston area, Donna and George Duggan didn’t immediately evacuate their Katy home. After all, the Duggans, both 62, had lived there for the...
Fake Claims, Price Gouging, Bogus Contractors: How Fraudsters Steal Disaster Aid
Aug 23 2019 // As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline...
Wildfires Making Insurance Harder to Find, California Department of Insurance Says
Aug 21 2019 // Severe wildfire seasons have made it harder for homeowners to find insurance in high wildfire-risk areas, according to new data collected by the California Department of Insurance. The data released this week from the CDI...
Parish in Louisiana Getting $5.3M to Elevate 88 Homes
Aug 20 2019 // Louisiana U.S. Rep. Garret Graves says Livingston Parish will receive a $5.3 million federal grant to fund the elevation of 88 homes that were substantially damaged during the 2016 flood. Graves says the money is part of...
Why the High Net Worth Client Needs More than Just an Agent
Aug 19 2019 // What exactly is a high net worth client, also known as a “private client?” According to Investopedia.com, a high net worth individual is an individual or family with liquid assets above a certain figure. Many...
