homeowners insurance News

Pennsylvania High Court Says Insurer Has Duty to Defend in Shooting Case

The Supreme Court of Pennsylvania held that an insurer has a duty to defend its insured’s estate in a personal injury lawsuit brought by a man who was shot by the policyholder. This comes after Richard A. Carly came to …

Velocity Risk Unveils New Coastal Homeowners Product for Florida, Texas

Velocity Risk Underwriters LLC has expanded its insurance products for homeowners in coastal areas of Florida and Texas. The company launched Velocity Flex Home as an additional homeowners product in Texas and Florida to give appointed agents the ability to …

Insurer Responsible for Liability Claims Despite Uninsured Premises Exclusion

The Massachusetts Supreme Judicial Court has ruled that an insurer is responsible for paying liability claims resulting from the improper use of a portable generator, despite an uninsured premises exclusion in the insured’s homeowners policy. This comes after four people …

Homeowners Insurtech Openly Expands Into Tennessee

Openly Inc., an insurtech backed by Gradient Ventures, Google’s AI-focused venture fund, has gone live in Tennessee. The addition of Tennessee comes on the heels of the company’s launch and funding announcement in late 2019, along with a recent expansion …

Delaware Court Says Insurance Doesn’t Cover Attacker in School Fight

Delaware’s Supreme Court has overturned a judge’s ruling that an insurance company must extend liability coverage to a teenager who was convicted of criminally negligent homicide after a school bathroom attack that left a 16-year-old girl dead. Wednesday’s ruling reverses …

Branch Launches in Missouri, Offering Home, Auto Insurance

Columbus, Ohio-based Branch has launched statewide in Missouri, offering home and auto insurance. Branch said using technology and automation it has developed a way to bundle home and auto insurance with just two questions, name and address. Now customers can …

California Department of Insurance Issues Revised Plan of Operation for FAIR Plan

Editor’s note: This story has been updated with comments from a FAIR Plan official. The battle between the California Department of Insurance and the FAIR Plan will continue to rage on in the wake of two severe wildfire seasons. The …

As California Thins Forests to Limit Wildfire Risk, Some Resist

Buzzing chainsaws are interrupted by the frequent crash of breaking branches as crews fell towering trees and clear tangled brush in the densely forested Santa Cruz Mountains south of San Francisco. Their goal: To protect communities such as Redwood Estates, …

FedNat Completes Acquisition of 1347 Property Insurance Homeowners Operations

FedNat Holding Company (FNHC), an insurance holding company, has completed its acquisition of the homeowners insurance operations of 1347 Property Insurance Holdings, Inc. (PIH), consisting of Maison Insurance Co., Maison Managers, Inc., and ClaimCor LLC (collectively, Maison), in a cash …

Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M

The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s AI-focused venture fund. Openly’s first product is …