Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Zurich, Vertus Launch Hurricane Deductible Buy-Back Program in Florida
Jun 11 2019 // Zurich has launched Cat4Home, a new hurricane deductible buy-back program through Vertus Insurance Partners. Cat4Home is a supplemental insurance policy available to residential homeowners in Florida and covers 100% of the...
Repairing Homes After Disasters Requires Planning, Patience Even with Insurance
Jun 6 2019 // For the Parkers of Houston, Texas, there will be no summer vacation this year because they are still paying off the dent in their finances left by 2017’s Hurricane Harvey. The couple joins a growing list of people...
Auto, Homeowner Claims from Severe Midwest Weather Add Up for State Farm
Jun 5 2019 // State Farm said last week it had received over 6,000 homeowner claims and more than 5,000 auto claims related to severe weather that pummeled the Midwest on May 27 and 28. The company reported around 6,110 total homeowner...
7.3 Million Homes, $1.8 Trillion at Risk from Hurricane Storm Surge: CoreLogic
Jun 4 2019 // The Atlantic hurricane season, which began June 1, puts 7.3 million homes at risk with an estimated reconstruction cost of $1.8 trillion, CoreLogic said in its 2019 Storm Surge Report. That’s 300,000 more homes and...
Auto Insurance Posts Best Results in 5 Years: Fitch
Jun 3 2019 // U.S. personal lines insurance saw strong premium growth of 8% in 2018 and the sector’s statutory combined ratio of 99% for 2018 represented the market’s best results since 2013, according to a new special...
New Loan Program Could Help Connecticut Homeowners with Foundation Woes
May 30 2019 // Connecticut lawmakers are working to provide additional assistance to homeowners impacted by the crumbling foundations problem. The House of Representatives last week advanced a bill to the Senate, by a vote of 131-7,...
Damage to Homes, Large Hail Reported in Pennsylvania After Severe Storms
May 30 2019 // Severe storms swept through Pennsylvania and several tornadoes were reported, causing damage to some homes but no immediate reports of injuries. Emergency dispatchers in eastern Pennsylvania’s Berks and Chester...
AAA Survey: Floridians Concerned for Upcoming Hurricane Season
May 29 2019 // Floridians are becoming more concerned about hurricane season, after enduring four major storms in the past three years, including a category five last year, according to a survey from AAA. The AAA survey, conducted online...
Auto Insurance Drives Personal Lines Improvement
May 24 2019 // U.S. personal lines insurance saw strong premium growth of 8% in 2018 and the sector’s statutory combined ratio of 99% for 2018 represented the market’s best results since 2013, according to a new special...
Florida Governor Signs AOB Reform Bill; Law to Take Effect July 1
May 24 2019 // Long-awaited reforms for Florida’s assignment of benefits (AOB) crisis that the insurance industry and consumer advocates say has led to less coverage and higher rates for Florida property owners will officially...
Cost of Flood-Prone Home Buyouts in Missouri, Elsewhere: $5B and Rising
May 23 2019 // The residents of the small riverside town of Mosby, Missouri, have become accustomed to watching floods swamp their streets, transform their homes into islands and ruin their floors and furniture. Elmer Sullivan has...
Nevada Reaches Tentative Settlement Homeowners and Insurers in Wildfire Suit
May 21 2019 // The state of Nevada has reached a tentative settlement with dozens of homeowners and insurance companies that filed an $80 million negligence lawsuit after a fire destroyed 24 homes when strong winds reignited a smoldering...
State Farm Cuts Homeowners Rates by 14.4% in Florida
May 21 2019 // State Farm has reduced its homeowners insurance rates by an average of 14.4 percent in Florida for current and future home insurance customers. The new rates went into effect May 15, 2019 for new business and July 1, 2019...
Florida InsurTech HoneyQuote to Offer Technology Platform to Business Partners
May 20 2019 // Digital insurance agency HoneyQuote.com launched a new partnership program that allows businesses across industries to use HoneyQuote services for customers to purchase homeowners insurance. As part of the program,...
Arrest Made in Arson Fires to Homes Owned by South Carolina Gov
May 17 2019 // A 21-year-old man has been charged with intentionally setting a fire that damaged two Columbia rental properties owned by South Carolina Gov. Henry McMaster, causing hundreds of thousands of dollars in damage. Frank John...
Milliman: Hurricane Katrina Litigation Could Hike Mississippi Homeowners Rates
May 16 2019 // Mississippi homeowners could see premiums rise up to 25 percent thanks to Hurricane Katrina-related subrogation litigation being brought by the Mississippi attorney general, according to a recent report by Milliman. The...
How Homes Are Being Built, Raised to Withstand Extreme Weather
May 13 2019 // Breezy Point is beautiful in the summertime, a quaint neighborhood sitting on a slim peninsula that juts out into the Atlantic just south of New York City. In a storm, though, that dreamy setting can become a...
Indian State Seeks $14 Billion to Rebuild Homes, Infrastructure After Cyclone Fani
May 7 2019 // The eastern Indian state of Odisha, battered by one of the strongest cyclones in two decades, needs at least one trillion rupees ($14 billion) to rebuild damaged houses and public infrastructure, a government official said...
Louisiana Senators Say Agreement Reached on Federal Flood Aid for Homeowners
May 3 2019 // The Trump administration has agreed to rewrite regulations to help thousands of Louisiana homeowners with damage from the 2016 floods access federal aid, the state’s U.S. senators said Thursday. Republican Sens. Bill...
Kansas Took Control of 22 Struggling Nursing Homes Last Year
Apr 30 2019 // Kansas lawmakers have tightened the financial requirements for a license to operate nursing homes after state regulators were forced to take over 22 struggling facilities last year. Officials with the Kansas Department for...
