home insurance News

New British Insurance Premium Tax Hike Could Further Squeeze Insurer Margins

A tax hike on British motor and home insurance policies effective from Sunday is set to hit consumers and could trigger a fresh round of margin-squeezing price competition among general insurers. The jump in the insurance premium tax (IPT), to …

UK Regulator Asks Insurers to Provide Transparency on Coverage Costs

The UK’s financial regulator said insurance companies are not always providing clear information to consumers about whether it is cheaper to pay for coverage upfront or in installments. The Financial Conduct Authority said the industry should take action when required …

RSA Appointed to Underwrite Cavere Home Insurance Product

London-based RSA announced its appointment as the sole underwriter for Cavere Home insurance products which will be available to brokers from January 2015 via Cavere’s Magenta platform, which provides online quotes and applications for intermediaries. Commenting on the appointment, Tim …

Frontline Introduces Coastal Rental Home Insurance in South Carolina

Frontline Insurance has launched a new rental home insurance product for owners of rental property in South Carolina. The coverage protects non-owner occupied properties in coastal areas and offers protection from fire damage and the owner from legal liability. Coastal …

Plymouth Rock, Bunker Hill Offer Combined Home, Auto Coverage to Massachusetts AARP Members

The senior citizen organization American Association of Retired Persons (AARP) has chosen Boston-based Plymouth Rock Assurance and its affiliated Bunker Hill Insurance to issue auto and home insurance products for AARP members in Massachusetts, starting this month. The new AARP …

Personal Lines Rates Rise 4% in November: MarketScout

Homeowners and automobile insurance rates are trending up, according to a new industry survey. The composite rate for insuring personal lines business in the United States increased to plus 4 percent for November 2012 as compared to November 2011, says …

Mass. AG Calls Proposed Homeowners Premium Hike ‘Illegally Excessive’

Massachusetts Attorney General Martha Coakley is opposing a recently proposed home insurance rate request for 150,000 consumers, calling it illegally excessive. She made her remarks during her testimony before the commissioner of insurance last week. The rate hikes are proposed …

Vermont Lawsuit Says Ex-Wife of Murder Suspect Negligent

The father of a slain Braintree, Vermont, girl is accusing the suspect’s ex-wife of playing a role in her death by not protecting her. The Vermont Supreme Court heard an appeal from James Bennett on Tuesday, Oct. 18. Bennett says …