Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
London Underwriters, Trigon to Offer Alabama Homeowners Program
Jun 26 2017 // London Underwriters LLC, a national MGA and surplus lines broker, has partnered with Birmingham based wholesaler Trigon Inc., to provide a new and exclusive low-value homeowners program for the state of Alabama. The...
House Committee Adds 5 More Bills to Its Flood Insurance Reform Package
Jun 22 2017 // The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the National Flood Insurance...
Florida’s Citizens Approves Policy Changes, 5.3% Statewide Rate Increase for 2018
Jun 21 2017 // Homeowners in South Florida, as well as in many other parts of the state, should expect additional rate increases next year from the state-run insurer of last resort. Citizens Board of Governors approved recommended rates...
PURE Expands E&S Homeowners Coverage to South Carolina
Jun 20 2017 // The PURE Group of Insurance Companies has expanded its PURE Programs excess & surplus (E&S) line offering designed to protect higher risk homes insured for $1 million or more, into South Carolina. With this...
Insurance Research Finds Many Homeowners Don’t Understand Deductibles
Jun 15 2017 // Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles and how they work, new insurance research has found. Not only did 33 percent of...
Miami Neighborhood Considers Relocating Homes Amid Sea Rise Concerns
Jun 13 2017 // A mainland Miami neighborhood prone to regular flooding from high tides and storms could be relocated amid preparations for rising seas under one scenario being studied by local officials. Government officials in South...
Canada’s Home Insurers Undergo Claims Stress Test: J.D. Power
Jun 6 2017 // A record year for catastrophic disasters, from the Fort McMurray fire to floods in Quebec, have put Canadian home insurers to the test in 2017. According to the J.D. Power 2017 Canadian Home Insurance Study, a spike in...
Nearly 6.9 Million US Homes at Risk of Hurricane Storm Surge Damage
Jun 6 2017 // This post is part of a series sponsored by CoreLogic. Total Reconstruction Cost Value is More Than $1.5 Trillion It’s no surprise that residential homes in the U.S. located along the Atlantic and Gulf coasts are...
Texas Lawmakers Pass ‘Hailstorm’ Litigation Bill
Jun 5 2017 // Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events passed the state...
California Department of Insurance and FAIR Plan Square off in Public Statements
Jun 1 2017 // The California Department of Insurance and the California FAIR Plan Association squared off in conflicting press releases on Thursday over a court decision that awarded a homeowner higher repair costs following a...
Strong Storms in North Carolina Cause Injuries, Damage to Homes
Jun 1 2017 // At least a dozen people have been hurt after storms struck in eastern North Carolina nearly a week after a tornado hit the area. The storm hit Sampson County about 30 miles east of Fayetteville around 11:30 p.m....
New York: $7M for Homeowners Hit by Lake Ontario Flooding
May 31 2017 // New York state is making $7 million available to help homeowners recover from flooding along the Lake Ontario and St. Lawrence River shorelines. Gov. Andrew Cuomo announced the funding Monday. Homeowners will be able to...
Munich Re, Aviva Ventures Invest in UK Connected Home Insurer Neos
May 30 2017 // Neos, a UK connected home insurer, announced last week it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re. The strategic investment...
Flood Insurance Looks Like One Area of Bipartisan Agreement
May 30 2017 // Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners...
Former Vermont Homeowners Hope to Recover $4M After Evictions
May 24 2017 // A group of former homeowners from a Vermont lakeside neighborhood hopes to recover some of the nearly $4 million they lost after they were forced to vacate. The Burlington Free Press reports the Mallets Bay...
Connecticut Lawmakers Urged to Help Crumbling Foundation Homeowners
May 22 2017 // Regional officials are reminding state lawmakers it’s urgent this session to provide assistance to eastern and central Connecticut homeowners with crumbling foundations. Both the executive director of the Capitol...
Texas ‘Hailstorm’ Litigation Bill Headed to Governor’s Desk
May 17 2017 // Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events has passed the state...
Oregon Homeowners Association to Settle Motor Home Incident for $300K
May 15 2017 // A homeowners association will pay $300,000 to a Keizer family as part of a settlement for banning a motor home from being parked in the family’s driveway. The Statesman Journal reported that Gary, Renee and Khrizma...
Study: Expected Increase in Tornadoes Raises Risk to Mobile Homes
May 15 2017 // Tornadoes and mobile homes don’t mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates a new study by...
Study: Expected Increase in Tornadoes Raises Risk to Mobile Homes
May 15 2017 // Tornadoes and mobile homes don’t mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates a new study by...
