Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
NYC Resiliency Task Force Urges Raised Homes, Toxic Material Safety
Jun 14 2013 // New York City’s buildings would be required to provide drinking water in common areas and have exterior plugs for temporary generators under proposals to make homes and businesses more resistant to major...
Colorado Wildfire Destroys At Least 360 Homes
Jun 13 2013 // A wildfire in Colorado has destroyed at least 360 homes, topping last year’s record-setting Waldo Canyon Fire in a nearby wooded area that destroyed 346 homes. The tally of lost homes was a dramatic increase from a...
Colorado Wildfire Destroys 92 Homes
Jun 13 2013 // Sheriff’s officials released a preliminary list Wednesday showing the Black Forest Fire northeast of Colorado Springs, Colo. has destroyed at least 92 homes and damaged five more. The fire was among several that...
A New Threat for Hardest-Hit Sandy Victims: Soaring Flood Insurance Costs
Jun 10 2013 // George Kasimos has almost finished repairing flood damage to his waterfront home in New Jersey, but his Superstorm Sandy nightmare is far from over. Like thousands of others in the hardest-hit coastal stretches of New...
Groups Warn N.Y. Assembly’s Insurance Reform Bills Have Potential to Backfire
Jun 6 2013 // Industry groups are warning that the New York State Assembly’s recent approval of the post-Sandy insurance reform package has the potential to backfire and are urging the state Senate not to take up this...
N.Y. Assembly Approves a Flurry of Post-Sandy Insurance Reform Bills
Jun 5 2013 // The New York State Assembly approved on Tuesday a comprehensive post-Sandy insurance reform package comprised of 14 pieces of legislation. All approved measures now move to the state Senate for further consideration. The...
Coastal Homeowners Upset with Insurers, Regulators Over Surge in Insurance Costs
Jun 4 2013 // When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance. Now, as he seeks to move to Atlanta to be near family, Virden says...
N.Y. Reaches Reform Agreements With 4 Additional ‘Force-Placed’ Insurers
Jun 3 2013 // New York officials announced that the state’s “force-placed” insurance reforms will now cover 100 percent of the New York market after the New York State Department of Financial Services (DFS) reached...
Agencies See Underwriting Changes in Homeowners Market
Jun 3 2013 // The Professional Insurance Agents (PIA) said its recent survey shows significant market changes in the Northeast — with the homeowners insurance and commercial property market appearing to be most affected by the...
Mississippi Homeowners Renew Lawsuit Against Exxon Over Alligators
May 31 2013 // Tom Christmas and his wife argue that they didn’t discover the 84-plus alligators on land next to their homestead until four years after they bought the property in southwest Mississippi. ExxonMobil Corp. counters...
After Years of Increases, Florida Property Insurance Rates May Be Stabilizing
May 29 2013 // It’s been nearly eight years since Hurricane Wilma raked the southern end of Florida and caused billions in damages, the last of eight hurricanes to hit the state in 2004 and 2005. Yet even as the state has been...
New Jersey Homeowners Hit by Sandy Can Apply for Grants
May 26 2013 // New Jersey is now accepting applications from homeowners seeking grants to rebuild homes damaged by Superstorm Sandy.Sandy damage in Ortley Beach, N.J., on Nov. 10, 2012. (Governor's Office/Tim Larsen)The grants are part...
Oklahoma City Mayor: Up to 13K Homes Hit by Tornado
May 24 2013 // Oklahoma City Mayor Mick Cornett says 12,000 to 13,000 homes were affected by the tornado that tore through a city suburb. At least 24 people died when the tornado laid waste to Moore on May 20. The Oklahoma Insurance...
PIA: Agencies See Significant Underwriting Changes in Homeowners Market
May 22 2013 // The Professional Insurance Agents’ (PIA) recent survey of more than 400 independent agencies showed significant market changes in the Northeast — with the homeowners insurance and commercial property market...
N.Y. Assemblyman Takes Aim at Anti-Concurrent Causation Clauses
May 22 2013 // A New York State Assemblyman has introduced a bill that seeks to prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, was introduced on May 17 by Assemblyman Phil...
Maine Legislature Votes Down Vacant Property Insurance Bill
May 21 2013 // The Maine Legislature last week voted down a bill that sought to place stricter requirements on home insurers’ use of exclusions for losses on vacant homes. The bill LD 1413 (“An Act to Clarify Limitations on...
Homeowners not the Only Line of Insurance Affected by Texas Weather
May 20 2013 // Nature’s Perils Drive Cost of Agent E&O Coverage, Too It’s well known that Texas has some of the highest homeowners premiums in the nation – in large part due to the state’s vulnerability to...
Md. Requires Insurers to Explain ACC Clause
May 20 2013 // Maryland has enacted a new law requiring insurers that write homeowners policies in the state with anti-concurrent causation clauses to explain these clauses to their policyholders on an annual basis. Maryland Gov. Martin...
Frontline Insurance Approved for Coastal Homeowners in Delaware
May 15 2013 // Frontline Insurance, a provider of coastal homeowners coverage, is now licensed in Delaware. Frontline already operates in Florida and South Carolina and recently announced a new coverage program for Alabama residents,...
Homeowners Confused About Insurance Coverage: Survey
May 14 2013 // Many homeowners do not understand what exposures are covered under their home insurance policy, according to a new consumer survey. More than two in five Americans (41 percent) believe that a standard homeowner’s...
