All the headlines from our Homeowners Topic Page, ordered by recency.
Jan 16 2020 // The Florida insurance industry will be focused on several key issues this session, including reform for auto glass (windshield) assignment of benefits (AOB) abuse, reforms to the state’s legal system, as well as...
Jan 15 2020 // Two Florida-based homeowners insurers, Anchor Property & Casualty and Anchor Specialty Insurance, have succumbed to market pressures in the state and will be acquired by other companies.Tampa, Fla.-based HCI Group has...
Jan 15 2020 // Building valuation can be confusing at best.If you go to a real estate website like Zillow, it’ll give you an estimated market value for a building. It’s doubtful that anyone really knows how they come up with...
Jan 10 2020 // Australia urged nearly a quarter of a million people to evacuate their homes on Friday and prepared military backup as authorities said the next few hours could be “very, very challenging” even as rain poured...
Jan 2 2020 // California wildfires dominated the news in Insurance Journal’s Western region in 2019, despite it being a quiet year relative to two consecutive years of deadly blazes that came before.Three of the year’s top...
Dec 30 2019 // Typhoon Phanfone killed at least 41 people when it slammed into the central Philippines on Christmas Eve, with dozens still injured or missing, according to the agency which oversees disaster response.The 21st cyclone to...
Dec 24 2019 // Plymouth Rock Assurance, a data-driven home and auto insurance provider in the Northeast, has expanded its home and auto insurance coverage to residents and agents in New York. This marks the first time the 37-year old...
Dec 23 2019 // Australia’s devastating wildfires, which at the weekend destroyed close to 200 homes and claimed another life, show no sign of abating and are poised to blight Christmas celebrations.Around 200 blazes were burning...
Dec 19 2019 // 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...
Dec 13 2019 // Note: This is been updated with a statement from Lara’s office.The FAIR Plan today filed a petition for a writ of mandate seeking to have a court annul, vacate, or withdraw an order issued last month by the...
Dec 12 2019 // Sage Insurance Holdings LLC (Sage), a California wildfire-focused homeowners insurance provider, has increased its capacity and will now write exposures up to $4 million TIV. For a primary home, that translates to an...
Dec 6 2019 // California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop writing homeowners insurance in fire-prone areas, an industry representative said following new...
Dec 5 2019 // California Insurance Commissioner Ricardo Lara on Thursday issued a mandatory one-year moratorium on insurance companies non-renewing policyholders, a move he says will help at least 800,000 homes in wildfire disaster...
Dec 4 2019 // 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...
Dec 2 2019 // Note: This has been updated with FAIR Plan comments below.Changes to the insurance plan offered by California’s property insurer of last resort could possibly go into effect as early as the next few months – that...
Dec 2 2019 // The tech-enabled high-end home insurance provider Openly 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...
Nov 27 2019 // Lauris Bye, a homebuilding industry veteran who moved to Southern California’s wildfire-prone hills decades ago, felt confident about the newly built house he was buying about 30 miles north of downtown Los...
Nov 26 2019 // 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...
Nov 25 2019 // Digital home insurance managing general agency Hippo Insurance has acquired an early-stage startup in a bid to beef up its digital home insurance services for clients, Carrier Management reported.The insurtech said it...
Nov 22 2019 // Premium volume from homeowners polices written by California’s surplus lines industry, although still small, has doubled over the past four years, seemingly pushed by an increase in wildfires in the state.Some...