U.S. insurers’ prospective after-tax return on equity for homeowners’ insurance is 4.8 percent on average, a decrease from the 6.9 percent of 2010, mainly due to subdued investment returns and higher estimates of non-coastal losses. That calculation comes from Aon …
If Oklahoma communities improve fire protection services it could result in major savings on homeowners’ policies for local families, according to presenters at a recent legislative study. “There are some very basic things that communities can do to improve their …
For the second time in three years, one of the largest homeowners in Alabama has indicated it will not raises rates along the coastline in lieu of a statewide average five percent increase on inland properties. State Farm announced that …
ACE Private Risk Services, the high-net-worth personal lines business of the ACE Group, has introduced a new service that provides guidance to homeowners and their agents about the value of the contents in their home. Home Contents Valuation capability, developed …
Home Value Insurance Co. has re-entered the insurance market with a product that promises to protect homeowners from falling home values. Home Value Insurance initially launched the product in 2009. The company has retooled it to make it an insurance …
The special legislative session that Gov. Robert Bentley has promised on the affordability and availability of homeowners insurance could come in early 2012. The governor and the chairman of his insurance commission said a special session is possible in January …
Alfa Mutual Group has raised insurance rates for homeowners by 20 percent across Alabama, with bigger increases for landlord and farm policies. Charles Angell, the state’s actuary, said the increase isn’t designed to make up for losses from the tornadoes …
Connecticut is negotiating with several insurance companies to waive hurricane policy deductibles for coastal homeowners whose properties were damaged or destroyed by Tropical Storm Irene, Gov. Dannel P. Malloy said. Malloy said 244 homes had been deemed to be destroyed …
Customer satisfaction with homeowners insurance companies this year is up from 2010, but still remains below levels achieved in 2009. Overall satisfaction with homeowners insurance companies averages 769 in 2011—improving by 19 points from 2010, according to the J.D. Power …
A year after most Georgia insurers increased homeowners premiums by 9 to 23 percent, a new wave of increase requests is pending. State Farm, Georgia’s largest writer of homeowners policies, is seeking a 7 percent increase for next year. That …
