All the headlines from our Homeowners Topic Page, ordered by recency.
May 23 2003 // The Palisades Group, based in Berkeley Heights New Jersey, announced that it has agreed to acquire The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC-NJ), the New Jersey property and casualty unit...
May 20 2003 // U.S. insurers have taken another hit these past few weeks as tornado season continues to wreak havoc on the nation. The tornadoes, which swept across parts of the U.S. from May 2-11, have the potential to be the costliest...
May 19 2003 // Nuts & Bolts: Union General is offering coverage for common area exposure for homeowners associations. Pricing is on a per unit basis. Coverage is available for tennis courts, basketball courts, baseball diamonds,...
May 14 2003 // The Alliance of American Insurers (AAI) responded Tuesday to a recent report from the Independent Insurance Agents and Brokers of America (IIABA), addressing the homeowners market (see IJ Web site May 13) in the...
May 14 2003 // On May 8 the New Hampshire Insurance Department announced that Commissioner Paula T. Rogers has filed a Petition with the Superior Court of Merrimack County for her appointment as Liquidator of The Home Insurance Company....
May 13 2003 // A new independent consumer survey conducted for the Independent Insurance Agents & Brokers of America (IIABA) confirms that non-renewals and premium increases are becoming more common in the current homeowners...
May 13 2003 // According to the Alliance of American Insurers, a bill introduced in the South Carolina Senate will put the state’s regulation of insurance light years ahead of any other and benefit homeowners by introducing more...
May 9 2003 // The Professional Insurance Agents of New Jersey Inc. has written a letter to Assistant Commissioner Douglas Wheeler of the New Jersey Department of Banking and Insurance, indicating the organization’s support for the...
May 7 2003 // Legislation that would reportedly prohibit homeowners’ insurers from using credit history for underwriting, rating or payment plans in California will be considered Wednesday by the Senate Insurance...
May 5 2003 // State Farm recently won a 12.2 percent average rate increase for homeowners policies in Louisiana that goes into effect June 15. At that time around 263,000 Louisiana homeowners will face an average increase of $100....
Apr 28 2003 // California Department of Insurance (CDI) Commissioner John Garamendi implemented the first step in his Homeowner’s Bill of Rights April 25 by releasing a regulatory advisory to insurers reminding them to review and...
Apr 28 2003 // Safeco reported first-quarter net income of $90.0 million, or $0.65 per diluted share in a release today. The numbers mark a significant improvement over the same period in 2002, when Safeco generated net income of $63.6...
Apr 21 2003 // Beginning June 15, State Farm homeowner policyholders in Louisiana will face a 12.2 percent rate increase averaging about $100 more per year. According to the New Orleans Times Picayune, the Louisiana Insurance Rating...
Apr 17 2003 // Mississippi Insurance Commissioner George Dale announced that the recent storms that hit central Mississippi are turning out to be much more expensive than previously thought. Dale said preliminary numbers on the cost of...
Apr 16 2003 // The Alliance of American Insurers (AAI) is opposing passage of a bill heard Tuesday by a Massachusetts legislative panel that would add fuel spill coverage to the standard homeowners insurance policy.HB 1961 mandates that...
Apr 9 2003 // Nuts & Bolts: ME James Surplus Lines is offering a program for homeowners.Dollars: Policy limits of $500,000 – $25,000,000; Liability of $1M; Deductibles of $1,000-up. Carrier: Lloyd’s of London. Rated...
Apr 8 2003 // The Grand Rapids, Mich.-based Foremost Insurance Group of companies is modifying underwriting guidelines for current mobile home and non-standard homeowner customers who are being militarily deployed and are leaving an...
Apr 7 2003 // Credit scoring, CLUE reports become targets of Commissioner Garamendi’s IreThe hard market has hit California homeowners hard. State Farm, which had nearly 23 percent market share in the state in 2001 according to...
Apr 7 2003 // Today, the California personal lines industry is at the peak of a down cycle that has adversely affected the homeowners’ insurance marketplace. The downturn began in 2000, and worsened after the Sept. 11 attack on...
Apr 7 2003 // For more than a decade, the U. S. homeowners insurance industry has failed to produce acceptable results. Less publicized has been the challenges faced by insurers of high-valued homes. To a large extent, the same culprits...