All the headlines from our Homeowners Topic Page, ordered by recency.
Apr 14 2005 // California Insurance Commissioner John Garamendi on April 14 announced new regulations to protect homeowners from unfair “use it and lose it” practices in the homeowners insurance market.“We all pay...
Apr 8 2005 // Thursday night, six months after Hurricane Jeanne hit the east coast, Tom Gallagher, Florida’s CFO, met for the sixth in a series of seven town hall meetings to discuss unpaid claims with 250 homeowners in Jupiter,...
Apr 8 2005 // A pending measure, once thought to be bad public policy by homeowners insurers, is moving in the right direction in California, according to the American Insurance Association (AIA).“During debate in the Senate...
Apr 5 2005 // ACE USA, the U.S.-based retail operations of the ACE Group of Companies, announced that it has expanded distribution of its ACE Disaster Mortgage Protection(SM) (DMP(SM)) product outside of its traditional mortgage service...
Apr 5 2005 // Insurance companies in Texas overcharged homeowners and drivers by $4 billion last year despite recent legislation designed to limit rising rates, according to a report released recently by two state consumer groups.The...
Apr 4 2005 // While coastal homeowners are expected to face rising prices and restrictions on their insurance, those on drier land should fare better in 2005. The Insurance Information Institute has projected that the average cost of...
Apr 4 2005 // In the aftermath of the devastating Southern California Wildfires of October 2003, claim adjusters went to work in an area where an estimated 3,631 structures were destroyed. In many cases the only remaining indication of...
Apr 4 2005 // Was it Colonel ChoicePoint in the Conservatory With a Knife?When ChoicePoint Asset Co. finally disclosed Feb. 15 that criminals had gained access to the personal information of as many as 145,000 people in all 50 states,...
Apr 4 2005 // Michigan’s Office of Financial and Insurance Services last month released the results of its long-awaited study of competitiveness in the state’s insurance market.While the report found competition under the...
Apr 4 2005 // Tom Gallagher, Florida’s CEO and House Insurance Committee Chair Rep. Dennis A. Ross, R-Lakeland, listened intently to hurricane-related complaints–from families with nowhere to live, to homeowners with $500...
Apr 4 2005 // Judging from the homeowners insurance rate changes reported by the Arkansas Insurance Department for 2004, the highest increases were effective before August.The largest hike, 28.3 percent, was filed by Federal Insurance...
Apr 4 2005 // Charges by the California Department of Insurance that the California homeowners insurance industry arbitrarily nonrenews or raises rates on homeowners who file one claim or make an inquiry about their coverage is little...
Apr 4 2005 // Whether your client owns a multi-million dollar home overlooking the Pacific Ocean or a small bungalow tucked away a mile from the beach, it is your responsibility to find the right homeowners insurance coverage that will...
Apr 4 2005 // As Los Angeles inches toward its highest annual rainfall total on record, the property damage left in the wake of the storms is devastating. All across the Southland, homes have toppled down hillsides as if they were toys....
Apr 4 2005 // In the aftermath of the devastating Southern California wildfires of October 2003, claim adjusters went to work in an area where an estimated 3,631 structures were destroyed. In many cases the only remaining indication of...
Apr 1 2005 // Homeowners with outstanding claims for hurricane damage and their attorneys, insurance company lobbyists and Florida’s House Insurance Committee members all disagree about if an insurance company is liable if a...
Apr 1 2005 // House Insurance Committee members meeting in Tallahassee, Fla. are attempting to hammer out a bill to better define sinkholes, a common problem in many counties in which entire highways, neighborhoods and houses are...
Mar 30 2005 // Florida’s Chief Financial Officer Tom Gallagher on Wednesday raised concerns with confusing policy language and recommended solutions for helping consumers navigate through their homeowners insurance policies and...
Mar 28 2005 // Standard insurance policies, standard rating territories and lowering the cap from $4.5 million to $4 million on the amount of insured losses that a company has to sustain before drawing money from the Catastrophe Fund are...
Mar 25 2005 // Major changes in Florida’s property insurance system are being mulled over by Florida lawmakers after the House and Senate have both been wrestling with the topic and have now hammered out changes to tighten up the...