homeowners insurance News

Will California Wildfires Be Worse This Year?

As blame for California’s wildfires rises over Sacramento like smoke from last year’s blazes, the state is being forced to confront the possibility that it’ll happen again in 2018. California’s drought is worsening, and blazes have charred more acres in …

Former Hawaii Police Officer Pleads Guilty to Insurance Fraud

A former Honolulu, Hawaii police officer suspected of staging a home burglary pleaded guilty to two charges of insurance fraud related to the incident. Travis E. Copeland pleaded guilty last week and faces up to five years in prison for …

Fury of Hailstorms Battered Colorado, Insured Losses ‘Skyrocketing’

The hailstorms that hit Northern Colorado and the Denver-metro just over a week ago carried a $276.4 million insurance price tag. The storms followed a Southern Colorado hailstorm a week earlier that caused an estimated $169 million in insured losses. …

Why is it So Hard to Agree on Valuation?

I really hate reopening this can of worms, but I’m living it so here goes. My wife and I are doing some house hunting lately (in case you’re wondering, it’s not at all like the show, we’ve looked at a …

Catastrophes Pushed Homeowners Insurers’ Combined Ratio Above 107 in 2017

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 Best’s Market Segment …

Rising Homeowners Losses Hurt P/C Insurers in 2017: Fitch

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 automobile insurance contributed largely to underwriting losses. …

More Small Blasts from Hawaii Volcano

Small explosions at the summit of an erupting Hawaii volcano could send ash into communities. Scientists say the blasts happened Monday, including one after a magnitude-5.4 earthquake. Ash expelled from the Kilauea volcano may cause poor visibility and slippery conditions …

Hawaii Volcano Lava Destroys 117 Homes on Big Island

Lava from Hawaii’s erupting Kilauea volcano has destroyed more than 100 homes in a rural Big Island district. As of Monday, lava burned down 117 homes, said Hawaii County spokeswoman Janet Snyder. On Friday, the count was at 87 homes. …

Ohio Homeowner Trying to Kill Weeds Burns Down Garage

Authorities say an Ohio homeowner trying to kill troublesome weeds with a torch has burned down his garage. The Springfield News-Sun reported Springfield Township firefighters in central Ohio were called to a home around 4 a.m. Thursday for a detached …

Hawaii Commissioner Erred; Some Lava Claims May be Excluded

Some homeowners in a Hawaiian neighborhood where lava is flowing might not be so fortunate when they file their claims after all. It was previously reported that Gordon Ito, Hawaii’s insurance commissioner, was making it known that homes destroyed or …