Latest Homeowners Headlines

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

Delaware Weighs Options as Westfield Insurance Drops 850 Policies

Aug 9 2006 // Delaware Insurance Commissioner Matt Denn has issued a bulletin to property insurance companies telling them to better inform property owners of the option of coverage from the residual market, the FAIR Plan.The bulletin...

State Farm to Reduce W.Va. Homeowners Rates

Aug 9 2006 // State Farm announced Tuesday in Charleston, W.Va. it is lowering homeowners insurance rates in West Virginia by an average of 5 percent starting in December.It marked the first time since 1989 that State Farm has won...

Linda Watters

Aug 7 2006 // Michigan Insurance Director of Insurance Linda Watters wants to make sure drivers in urban areas get a fair shake on the premiums they pay for auto and homeowners insurance. She has developed an initiative that would...

Companies step up to take Texas Select policyholders

Aug 7 2006 // Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously...

Fla., Miss., S.C. top five in flood insurance growth

Aug 7 2006 // Florida, Mississippi and South Carolina now rank as three of the top five states in the nation in flood insurance policy growth according to data released by the National Flood Insurance Program and FloodSmart.In order,...

Florida offers grants to encourage hurricane damage mitigation

Aug 7 2006 // Florida’s Department of Financial Services is working out the details of a program offering grants of up to $5,000 to homeowners who take steps to mitigate hurricane damages.Individual matching grants of up to $5,000...

Hawaii obtains reinsurance to take control of Vesta subsidiary

Aug 7 2006 // Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously...

Fighting future losses in the midst of fire season

Aug 7 2006 // With 68,775 blazes already this year, the 2006 wildfire season is well on its way to becoming the worst in 10 years, according to the National Interagency Fire Center (NIFC). Its data shows 5.03 million acres have burned,...

News Currents

Aug 7 2006 // Companies step up to take Texas Select policyholdersSome 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the...

Fighting future losses in the midst of fire season

Aug 7 2006 // With 68,775 blazes already this year, the 2006 wildfire season is well on its way to becoming the worst in 10 years, according to the National Interagency Fire Center (NIFC). Its data shows 5.03 million acres have burned,...

Hawaii obtains reinsurance to take control of Vesta subsidiary

Aug 7 2006 // News CurrentsSome 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as...

GeoVera Offers Homeowners Coverage to Texas Select Policyholders

Aug 4 2006 // Fairfield, Calif.-based GeoVera Holdings Inc., which entered the Texas homeowners market in April 2006, announced they are actively working with Texas producers to secure replacement coverage for policyholders insured with...

State-run Insurer Could Cover Dropped Allstate Policies in La.

Aug 4 2006 // Louisiana Citizens Property Insurance Corp., Louisiana’s state-run insurance company, could provide wind damage coverage for about 30,000 homeowners along the coast if Allstate Insurance Co. drops that coverage,...

USAA Insurance Seeks Approval for 22 Percent Rate Decrease

Aug 4 2006 // California Insurance Commissioner John Garamendi has issued a statement announcing his intention to review and consider approval of an average 22 percent decrease in homeowners insurance rates for policyholders of United...

Allstate Seeks Options for South La. Homeowners Policies

Aug 2 2006 // Allstate Insurance Co. has no immediate plan to drop wind coverage for homeowners in 18 coastal parishes, but the insurer wants to find new ways to offset potential losses if more hurricanes trigger big claims in south...

Mass. Fair Plan Refiles for 12.4% Home Rate Hike; 25% on Cape

Aug 2 2006 // The Massachusetts Property Insurance Underwriting Association (the Fair Plan) has submitted a rate recommendation revised downward slightly from what the state disapproved on June 30.For all homeowners forms, the residual...

Texas Agent Group Launches Homeowners Market Web Page

Aug 1 2006 // TIP/PIA Texas announced it has set up a special Web page providing information on homeowner markets, in an effort to help with possible solutions in light of the recent problems with Texas Select. This is not an...

Fla. Gov. Bush Eyes State Pool for Commercial Lines

Jul 30 2006 // Florida Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can’t get policies from private insurers, saying that if companies can’t get coverage, it...

Miss. Approves 90% Increase in Wind Pool Rates for Homeowners

Jul 30 2006 // Mississippi Insurance Commissioner George Dale on Friday approved a 90 percent rate increase for homeowner policies provided by the Mississippi Windstorm Underwriting Association.The association, commonly known as the wind...

Commissioner Calls on Allstate CEO to Discuss Plan to Shed La. Coverage

Jul 26 2006 // Louisiana Commissioner of Insurance Jim Donelon announced he has requested a meeting with Allstate Insurance Company CEO Edward Liddy after failed attempts by company officials to convince the Commissioner of the...