Latest Homeowners Headlines

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

Approval of State Farm HO-W Policy Applauded

Mar 25 2002 // State Farm Lloyds, the Dallas-based property insurance unit of State Farm Insurance Companies, received approval from the Texas Department of Insurance (TDI) to sell its nationwide homeowners policy, the HO-W, in Texas,...

AAIS Updates Rating Factors for Age of Homes and Utilities

Feb 26 2002 // The American Association of Insurance Services (AAIS) has begun filing Homeowners and Farmowners manual supplements that will provide an expanded series of premium credit and surcharge factors related to the age of a home...

Illinois Insurance Department Releases Credit History Survey Results

Feb 25 2002 // Illinois Director of Insurance Nat Shapo announced the release of the results of a survey on the use of consumers’ credit histories by the Illinois property and casualty insurance industry. In response to public...

Texas Gubernatorial Hopefuls Target Homeowners Insurance

Feb 25 2002 // Two Texas gubernatorial candidates—current Republican governor, Rick Perry, and Tony Sanchez, who’s seeking the Democratic spot on the ballot next November—announced separately that they want to investigate and...

The Politics of Mold

Feb 25 2002 // The politicians have gotten into the fray. Sounding off on the twin issues of severe rate hikes for homeowners insurance and the scourge of mold/water damage claims that insurers insist are threatening their very existence...

Homeowners & Condo Assoc.

Feb 25 2002 // Nuts & Bolts: M.J. Hall & Co. has available a homeowners & condo association program. Available on an appointment basis. Company is MGA for program.Dollars: Policy limits of $3,000,000, no deductibles,...

21st Century Insurance Group Reports 4Q Net Loss of $41M

Feb 8 2002 // California-based 21st Century Insurance Group reported a net loss for the year ended Dec. 31, 2001, of $27.6 million, or $0.32 diluted loss per share, compared to net income of $12.9 million, or $0.15 diluted earnings per...

NAII Stresses Legal, Competitive Reasons for Use of Credit Information

Feb 4 2002 // Insurance scores provide companies an objective and unbiased underwriting tool, Sam Sorich, vice president and western regional manager of the National Association of Independent Insurers (NAII) explained last week during...

Bill Restricting Credit-Based Scores Would Cause ‘Staggering’ Premium Hike

Feb 1 2002 // According to the National Association of Independent Insurers (NAII), pricing restrictions in pending legislation on insurers’ use of credit-based insurance scores would require low-risk consumers to pay...

INSURER EXITS CALIF. HOMEOWNERS

Jan 28 2002 // According to the Los Angeles Times, after a threeyear experiment, California-based 21st Century Insurance has decided to stop selling homeowners insurance in the state. Instead, 21st Century will refer customers to...

TDI Looks into Pricing; Mold Task Force Appointed

Jan 28 2002 // The Texas Department of Insurance recently opened two fronts in the battle to shore up the weary homeowners market in the state. Responding to consumer complaints about excessive rate increases—exceeding 100 percent in...

Evolving HO Policies Prompt Montemayor to Issue Consumer Alert

Jan 14 2002 // Homeowners insurance policies in Texas are rapidly evolving. As a result, Texas Insurance Commissioner Jose Montemayor warned the state’s homeowners policyholders to carefully review their policy renewals to...

21st Century Insurance to Stop Selling Homeowner Policies

Jan 9 2002 // According to the Los Angeles Times, after a three-year experiment, California-based 21st Century Insurance has decided to stop selling homeowner insurance in the state. Instead, 21st Century will refer customers to...

Top 10 Stories of 2001

Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the FutureThis is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth, for...

I.I.I. Sees Little Impact Sept. 11 Losses on 2002 Auto, Homeowners

Dec 7 2001 // Insurance losses from the Sept. 11 terrorist attacks, the largest loss in insurance history, will have little impact on the cost of auto and homeowners insurance next year, according to the Insurance Information Institute...

Nebraska, Iowa Residents See Rising Rates

Dec 3 2001 // Residents of Nebraska and Iowa are going to have to dig deeper into their wallets as home insurance companies are increasing rates for most Nebraskans and Iowans.According to the Omaha World-Herald, damage from three...

Texas Homeowners Market Tightens As More Carriers Withdraw

Dec 3 2001 // Two more insurance carriers, Union Standard and Ohio Casualty, have announced their withdrawal from personal lines in the Texas market, according to the Independent Insurance Agents of Texas (IIAT).Union Standard’s...

Commentary: Flood Sales 101-Fact vs. Fiction

Dec 3 2001 // • I don’t need flood insurance; I’m not in a flood zone.• I don’t need flood insurance; this neighborhood has never flooded. • I don’t need flood insurance; Uncle Sam will buy a new house for...

Texas Commissioner Orders Farmers to Cease Homeowners Non-Renewal

Nov 19 2001 // Texas Insurance Commissioner Jose Montemayor ordered Farmers Insurance Group to stop all activities related to the company’s recent announcement that it would non-renew all of its most-common homeowners (HO-B)...

Homesite Launches Operations in Connecticut

Nov 7 2001 // Boston-based Homesite Insurance has expanded its operations to neighboring Connecticut, offering its line of home insurance products and services to the State’s residents beginning Tuesday. Homesite, which started in...