Latest Homeowners Headlines
All the headlines from our Homeowners Topic Page, ordered by recency.
N.J., N.Y. to Offer Mediation Option for Disputed Sandy Claims
Mar 11 2013 // New Jersey Gov. Chris Christie announced on Feb. 25 his administration would offer a mediation program to Sandy victims who are still in dispute with their insurers. Christie said his administration is establishing a new...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 11 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new policy endorsements – one for homeowners and another for commercial roofs. Two organizations...
Texas Market Share: Homeowners and Personal Auto
Mar 11 2013 // Top 40 Insurers/Homeowners Based on 2011 Texas Written Premium Rank Company $ Written Premium % of Market 1 State Farm Lloyds $1,678,075,665 28.09% 2 Allstate Texas Lloyd’s 462,398,477 7.74% 3 Texas Farmers Ins....
Homeowners Insurance Is Not Enough
Mar 11 2013 // For most middle-income Americans, the purchase of a home represents their largest investment and their most valuable asset. Thus, the lender, homeowner and personal lines insurance agent tend to focus on the common causes...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 11 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new policy endorsements – one for homeowners and another for commercial roofs. Two organizations...
Connecticut Proposes Mediation Program for Homeowners Claims Disputes
Mar 8 2013 // Connecticut’s insurance department is proposing a new program that would offer a mediation option to resolve claims disputes between homeowners and their insurance companies that arise from catastrophes, such as...
N.Y. Gov. Cuomo Announces Review of Banks for Post-Sandy Mortgage Practices
Mar 7 2013 // New York Gov. Andrew Cuomo announced that the state’s financial regulators will review post-Sandy mortgage practices by banks and mortgage servicers. The review is intended to examine whether homeowners who were...
North Carolina Approves 7% Home Insurance Rate Increase
Mar 7 2013 // North Carolina’s top state insurance regulator has signed an agreement allowing companies to raise homeowner’s insurance policies by a statewide average of 7 percent a year starting in July. Insurance...
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Mar 7 2013 // Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements, one for homeowners and another for commercial roofs, that are becoming...
General Star Launches High Value Homeowners Program
Mar 6 2013 // General Star Management Co. has launched a high value homeowners program. Effective March 1, the product is offered through All Risks, Ltd, the program administrator for this new facility. Together, they will provide...
Ex-DEP Boss: Buy Out Flood-Prone New Jersey Homes
Mar 6 2013 // As New Jersey lawmakers consider a package of bills to help the state recover from Superstorm Sandy, a former New Jersey environmental protection commissioner says the storm provided a golden opportunity to buy out...
California Insurance Commissioner, Mercury Tangle Over Rate Reduction
Mar 5 2013 // California Insurance Commissioner Dave Jones issued a decision providing for an 8.18 percent rate reduction in homeowners insurance by Mercury Casualty Co., and then slammed the carrier for filing suit challenging the...
Toffoli, Ruiz and Jones Join Access Home Insurance Co.
Mar 5 2013 // Baton Rouge, La.-based Access Home Insurance Co. (Access Home) announced that Michael Toffoli, Rusty Ruiz and Kerri Jones have joined the company as executive vice president, Louisiana marketing representative and South...
Connecticut Homeowners Face Stark Choices After Sandy
Mar 5 2013 // Jackie Beagon loved her life along the Connecticut coast, where she and her husband walked to the beach and church and bicycled around the neighborhood. But Superstorm Sandy ripped it all apart, and the couple was forced...
Florida’s Citizens Sued for Denying Mitigation Discounts
Mar 4 2013 // A lawsuit seeking class action status filed against the state-backed Citizens Property Insurance Corp. alleges the company purposefully deprived customers of windstorm mitigation discounts through an arbitrary reinspection...
N.Y. Seeks to Finalize Still-Unresolved Sandy Claims; Insurers to File Weekly Reports
Feb 28 2013 // New York regulators said this week insurers would be required to follow additional rules to expedite the resolution of remaining Sandy-related claims in New York. These new regulations will now cut the amount of time an...
Industry Group Testifies on Sandy Claims Handling Process in New York
Feb 27 2013 // An insurance industry association testified about insurers’ response to Superstorm Sandy and the lessons learned at a hearing Tuesday before the New York Assembly Standing Committee on Insurance. The American...
Kentucky Sheriff to Patrol Homes While Owners Away
Feb 26 2013 // The Laurel County, Kentucky Sheriff’s Office has begun a program to patrol homes where owners are away. WYMT-TV in Hazard reported the agency has invited people who will be away from their homes to notify the...
California Commissioner: $160M in Homeowner’s Rate Reductions
Feb 25 2013 // An average of a 12.6 percent insurance rate reduction is in store for California homeowners insured with State Farm General Insurance Co., according to an announcement from California Insurance Commissioner Dave Jones...
North Carolina’s Goodwin: Home, Auto, Health and More…
Feb 25 2013 // Interview with Recently Re-Elected Insurance Commissioner Recently re-elected North Carolina Insurance Commissioner Wayne Goodwin is more focused on reform of the homeowners insurance market than he is on auto insurance....
