Latest Homeowners Headlines

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

Security First Insurance Co. Enters Florida’s Growing Private Flood Market

Jul 30 2018 // A new carrier has entered the Florida flood insurance market with a policy it says will provide better coverage than what is available from the National Flood Insurance Program.Ormond Beach, Fla.-based Security First...

Heavy Rainstorm Damaged New Mexico Homes, Infrastructure

Jul 25 2018 // Raging waters from the Santa Fe River and arroyos have caused damage to Santa Fe, N.M. homes, city facilities and infrastructure following a heavy rainstorm.More than 3 inches of rainfall were reported in some areas of...

Flood Model Development Helps Hiscox Re & ILS Enter U.S. Flood Protection Market

Jul 25 2018 // Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean...

Ratings Agency Ignites Controversy Over Financial Strength of Florida Insurers

Jul 24 2018 // With Florida about to enter peak hurricane season, a state insurance association representing 15 insurers in Florida is hitting back against a recent report from ratings agency Weiss Ratings that identified 10...

3 Homes in Georgia Burned Down by Fireworks

Jul 9 2018 // Investigators say improperly discarded fireworks sparked a fire that burned down three Dawson County, Georgia homes. State fire marshal spokesman Glenn Allen tells the Atlanta Journal-Constitution that the fire, which...

Wildfire Destroys 100-Plus Colorado Homes, Other Blazes Burning in West

Jul 3 2018 // More than 100 homes in the Colorado mountains were destroyed by a growing wildfire, while hundreds of others across the parched U.S. West remained under evacuations Tuesday.A fire near Fort Garland, roughly 200 miles...

Florida’s Citizens Delays Decision on Proposed Rate Increases

Jul 2 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies.The decision to...

Catastrophes Hit Homeowner Insurers; Combined Ratio Moves Above 107: A.M. Best

Jul 2 2018 // After four years of sub-100 combined ratios for the U.S. homeowners insurers, the segment saw its combined ratio deteriorate to 107.1 in 2017 as a result of numerous catastrophes, according to an A.M. Best report.The new...

Rising Homeowners Losses Hurt P/C Insurers: Fitch

Jul 2 2018 // Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however.In the three years prior to 2017, personal auto insurance contributed...

One Man’s Solution After Harvey’s Floods? Build His Own Levee.

Jun 29 2018 // After Hurricane Harvey inundated David Bush’s Richmond, Texas, home with 20 inches of rain, he knew he wanted to rebuild but was worried about how his property could be protected from the next big storm.So, Bush came...

Fire that Destroyed 36 Homes in Florida Sparked by Controlled Burn

Jun 29 2018 // John Matthew Polous watched a “controlled-burn” fire for three days as it consumed foliage outside his tiny community on the Florida Panhandle. And then he watched as it quickly raged out of control. What he...

Dozens of Homes in North Florida Damaged by Wildfire

Jun 27 2018 // A fast-moving wildfire damaged or destroyed dozens of homes in a Florida county.Gov. Rick Scott visited the small coastal community of Eastpoint on Monday to get an update on the damage. Eastpoint is in Franklin County and...

Tropical Weather System Drenches South Texas, Flooding Reported

Jun 22 2018 // The entire Texas coastline has been drenched this week with heavy rains resulting in flooding in many areas with several cities reporting rainfall totals in excess of 12 inches.The Insurance Council of Texas is issuing a...

Florida’s Citizens Delays Decision on Proposed 2019 Rate Increases

Jun 21 2018 // Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies.The decision to...

Weiss Ratings Names Strongest, Weakest Homeowners Insurers in Texas

Jun 20 2018 // Palm Beach Gardens, Florida-based Weiss Ratings has named the six strongest providers of homeowners insurance doing business in Texas that are financially ready for the 2018 hurricane season. At the same time, Weiss...

Catastrophes Pushed Homeowners Insurers’ Combined Ratio Above 107 in 2017

Jun 20 2018 // After four years of sub-100 combined ratios for the U.S. homeowners insurers, the segment saw its combined ratio deteriorate to 107.1 in 2017 as a result of numerous catastrophes, according to an A.M. Best report.The new...

Survey: Floridians Still Not Adequately Prepared for Hurricane Season

Jun 20 2018 // Just six months after the punishing 2017 season battered the Sunshine State, most Floridians are still not prepared for the potential assault of another hurricane season, according to a survey by the FAIR Foundation.The...

HomeProtect Water Damage Program Reimburses Insurance Deductible

Jun 19 2018 // Flo Technologies, Inc., provider of leak prevention systems to prevent water damage in homes, has launched a reimbursement program called HomeProtect that will pay back homeowners for their insurance deductibles up to...

Rising Homeowners Losses Hurt P/C Insurers in 2017: Fitch

Jun 18 2018 // Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however.In the three years prior to 2017, personal automobile insurance contributed...

Hailstorm Pounds Parts of Colorado Damaging Homes, Cars and Businesses

Jun 14 2018 // An unusual early morning hailstorm pounded parts of Colorado, including Southeast Colorado Springs, Fountain and Fort Carson, with golf and baseball-sized hail damaging homes, cars and businesses, according to the Rocky...