Latest Homeowners Headlines

All the headlines from our Homeowners Topic Page, ordered by recency.

Travelers Insurance Urges Regional Zones, Federal Role for Wind Coverage

Jul 20 2009 // One of the nation’s largest insurers has unveiled a plan to shift the authority for regulating rates for hurricane wind coverage from state regulators to an independent federal commission.Mississippi Gov. Haley...

State Farm Lloyds Seeks Homeowners Rate Increase in Texas

Jul 16 2009 // State Farm Lloyds has submitted a rate filing to the Texas Department of Insurance to increase its homeowner’s insurance rates in Texas by a statewide average of 8.5 percent, beginning Oct. 1 for existing customers...

Foremost Insurance Expands Dwelling Fire Program in Nevada

Jul 15 2009 // Grand Rapids, Mich.-based Foremost Insurance Group has expanded its Dwelling Fire program in Nevada. New Dwelling Fire policies and endorsements re designed for the needs of landlord and owner-occupied or vacant...

Foremost Insurance Expands Oregon Dwelling Fire Program

Jul 13 2009 // Grand Rapids, Mich.-based Foremost Insurance Group has expanded its dwelling fire program in Oregon, introducing new policies and endorsements for the needs of landlord, owner-occupied or vacant properties.Typically known...

Universal Insurance Holdings To Purchase ICAT Specialty Insurance

Jul 10 2009 // Hawai’i Insurance Commissioner J. P. Schmidt has approved Universal Insurance Holdings of North America’s (Universal North America) purchase of ICAT Specialty Insurance Co.(ISIC).Universal North America writes...

Farmers Insurance Offers Green Homeowners Product in Texas

Jul 6 2009 // Los Angeles-based The Farmers Insurance Group of Companies is offering a new eco-friendly product for its Texas customers wishing to ‘go green”. Called “Eco-Rebuild”, the new endorsement will...

U.S. House Panel to Bring Homeowners Insurance Crisis Hearing to Florida

Jun 26 2009 // A subcommitee of the U.S. House of Representatives that is looking into trouble spots in the country’s homeowner insurance market is coming to Florida in July.House Financial Services Oversight and Investigations...

Mississippi Wind Pool Insurance Credits Available for Biloxi Homeowners

Jun 24 2009 // Some Biloxi homeowners who use the wind pool for insurance may qualify for a 20 percent credit on their coverage. The wind pool — or Mississippi Windstorm Underwriting Association — is the insurer of last...

All North Carolina Homeowners Could Pay If Insurers, Beach Plan Fall Short

Jun 24 2009 // Every insured homeowner in North Carolina could shoulder the cost of rebuilding if a massive hurricane hits under a deal taking shape in the Legislature.The legislation (HB1305), expected to be detailed in a House...

New Rhode Island Law Saves Residents Money When Storms Loom

Jun 19 2009 // A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state.Legislation signed last week by Gov. Don Carcieri...

Recession Can Be Risky Time to Skimp on Insurance Coverage

Jun 18 2009 // Barry Miller figured he was saving $100 a month when he scaled back his disability insurance. After all, he was healthy.“It just looked like the policy was too expensive,” said Miller, who was paying for his...

Abandoning Flint, Michigan: As Homeowners Move Out, Fires Move In

Jun 18 2009 // Like the house across the street gone missing and the one at the corner stripped of its front door, the weathered brown bungalow at 1430 Jane Ave. bided its time, edging nearer to a meeting with a wrecking crew.But in a...

New Homeowners Earthquake Rating Plan Available

Jun 16 2009 // Wheaton, Ill.-based American Association of Insurance Services (AAIS) has developed a new rating plan for adding earthquake coverage to policies based on standardized forms, manual rules, and rating information provided...

State Farm Could Owe $0 to $1 Billion to Texas Consumers

Jun 16 2009 // The years-long struggle between the State of Texas and State Farm Insurance Company over homeowners insurance overcharges may be coming to a close soon, as Texas Insurance Commissioner Mike Geesling is expected to rule on...

Chinese Drywall: Builders, Subcontractors, Home Owners Facing Potentially Massive Uninsured Losses

Jun 15 2009 // General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially massive claims dollars that could be paid out in litigation,...

Chinese Drywall: Builders, Subs Face Huge Uninsured Losses

Jun 15 2009 // There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical.General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs)...

Chinese Drywall: Builders, Subs Face Huge Uninsured Losses

Jun 15 2009 // General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the potentially massive claims dollars that could be paid out in...

Foremost Insurance Expands Dwelling Fire Program in Arkansas

Jun 3 2009 // Michigan-based Foremost Insurance Group is expanding its dwelling fire program in Arkansas. The company announced that effective June 1, 2009, Foremost’s new dwelling fire contracts specifically designed for the...

40% of Florida Home Carriers Losing Money Even With No Big Storms

Jun 1 2009 // With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference to warn that property insurance rates need to be raised if insurers are...

Americas Insurance to Write New Homeowners Policies in Louisiana

Jun 1 2009 // Americas Insurance Co., which previously took on nearly 1,000 homeowner policies that had been covered by Louisiana Citizens Property Insurance Corp., has said it expects to underwrite new policies in most Louisiana...