Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
Flood Model Changes Help Hiscox Re & ILS Enter U.S. Flood Market
Aug 6 2018 // Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean...
Thousands of Louisiana Homeowners to Get More Help With Flood Repairs
Aug 1 2018 // Some Louisiana homeowners with damage from the 2016 floods who received help from the state’s recovery program will be receiving checks for full reimbursement of their repairs. Louisiana officials announced Monday...
Another 2K California Homeowners Eligible for Retrofit Grants
Jul 31 2018 // More than 2,000 homeowners will get free money to retrofit their homes to help them better withstand earthquakes, according to the top official at the California Earthquake Authority. The homeowners were on a waiting list...
Possible Tornado Damages Homes Along Georgia Coast
Jul 31 2018 // Emergency officials say a possible tornado has left a trail of damage on the Georgia coast. No injuries were reported after a funnel cloud was spotted Friday afternoon on Whitemarsh Island, east of Savannah. The Chatham...
Northern California Wildfires Threaten 10,000 Homes
Jul 31 2018 // A pair of wildfires tearing through vineyards and brushy hills threatened some 10,000 homes in Northern California on Tuesday. The two fires straddling Mendocino and Lake counties had burned seven homes by Monday night...
Security First Insurance Co. Enters Florida’s Growing Private Flood Market
Jul 30 2018 // A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than what is available from the National Flood Insurance Program. Ormond Beach, Fla.-based Security First...
Heavy Rainstorm Damaged New Mexico Homes, Infrastructure
Jul 25 2018 // Raging waters from the Santa Fe River and arroyos have caused damage to Santa Fe, N.M. homes, city facilities and infrastructure following a heavy rainstorm. More than 3 inches of rainfall were reported in some areas of...
Flood Model Development Helps Hiscox Re & ILS Enter U.S. Flood Protection Market
Jul 25 2018 // Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean...
Ratings Agency Ignites Controversy Over Financial Strength of Florida Insurers
Jul 24 2018 // With Florida about to enter peak hurricane season, a state insurance association representing 15 insurers in Florida is hitting back against a recent report from ratings agency Weiss Ratings that identified 10...
3 Homes in Georgia Burned Down by Fireworks
Jul 9 2018 // Investigators say improperly discarded fireworks sparked a fire that burned down three Dawson County, Georgia homes. State fire marshal spokesman Glenn Allen tells the Atlanta Journal-Constitution that the fire, which...
Wildfire Destroys 100-Plus Colorado Homes, Other Blazes Burning in West
Jul 3 2018 // More than 100 homes in the Colorado mountains were destroyed by a growing wildfire, while hundreds of others across the parched U.S. West remained under evacuations Tuesday. A fire near Fort Garland, roughly 200 miles...
Florida’s Citizens Delays Decision on Proposed Rate Increases
Jul 2 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies. The decision...
Catastrophes Hit Homeowner Insurers; Combined Ratio Moves Above 107: A.M. Best
Jul 2 2018 // After four years of sub-100 combined ratios for the U.S. homeowners insurers, the segment saw its combined ratio deteriorate to 107.1 in 2017 as a result of numerous catastrophes, according to an A.M. Best report. The new...
Rising Homeowners Losses Hurt P/C Insurers: Fitch
Jul 2 2018 // Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal auto insurance contributed...
One Man’s Solution After Harvey’s Floods? Build His Own Levee.
Jun 29 2018 // After Hurricane Harvey inundated David Bush’s Richmond, Texas, home with 20 inches of rain, he knew he wanted to rebuild but was worried about how his property could be protected from the next big storm. So, Bush...
Fire that Destroyed 36 Homes in Florida Sparked by Controlled Burn
Jun 29 2018 // John Matthew Polous watched a “controlled-burn” fire for three days as it consumed foliage outside his tiny community on the Florida Panhandle. And then he watched as it quickly raged out of control. What he...
Dozens of Homes in North Florida Damaged by Wildfire
Jun 27 2018 // A fast-moving wildfire damaged or destroyed dozens of homes in a Florida county. Gov. Rick Scott visited the small coastal community of Eastpoint on Monday to get an update on the damage. Eastpoint is in Franklin County...
Tropical Weather System Drenches South Texas, Flooding Reported
Jun 22 2018 // The entire Texas coastline has been drenched this week with heavy rains resulting in flooding in many areas with several cities reporting rainfall totals in excess of 12 inches. The Insurance Council of Texas is issuing a...
Florida’s Citizens Delays Decision on Proposed 2019 Rate Increases
Jun 21 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies. The decision...
Weiss Ratings Names Strongest, Weakest Homeowners Insurers in Texas
Jun 20 2018 // Palm Beach Gardens, Florida-based Weiss Ratings has named the six strongest providers of homeowners insurance doing business in Texas that are financially ready for the 2018 hurricane season. At the same time, Weiss...
