Latest Homeowners Headlines

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

Fitch: Homeowners Insurers’ Results to Improve In 2024

Feb 23 2024 // U.S. homeowners’ insurance is in position to improve in 2024, according Fitch Ratings.The rating agency said premium revenue growth, tied to recent substantial price increases and more diligent underwriting to manage...

In SW Florida, High Home Insurance Rates Are Driving Away Would-Be Buyers

Feb 14 2024 // (Bloomberg) — Florida’s southwestern coast — long one of America’s fastest-growing regions — is losing some of its boomtown swagger as a home-insurance crisis and other soaring costs make homes...

Iceland Plans to Buy Out Homeowners in Volcano-Struck Town

Feb 13 2024 // Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months.Grindavik has...

California’s Homeowners Insurance Shift: Population, Inflation and Admitted Insurer Exits

Feb 5 2024 // The excess and surplus lines homeowners insurance market in California has undergone significant changes in recent years.The number of policies has changed substantially in over the last decade — first increasing,...

2 Pennsylvania Homeowners Urged to Evacuate Due to Landslide

Feb 2 2024 // Authorities have urged two western Pennsylvania homeowners to evacuate their residences due to a nearby landslide.The slide in the Sonoma Ridge development in Allegheny County’s Moon Township closed part of a road...

Reforms to US Disaster Aid Expose Growing Home Insurance Gap

Jan 29 2024 // When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households...

Amazon Pulls Plug on UK Home Insurance Venture

Jan 25 2024 // Amazon has pulled the plug on its UK home insurance venture – a comparison website – after launching in October 2022.“Over the last year, we have been evaluating various businesses and programs, and as a part of...

The Hartford to Discontinue Writing New Homeowners Policies in California

Jan 24 2024 // The Hartford confirmed this week it will discontinue writing new homeowners policies in California.The carrier reportedly has less than 1% of the state’s homeowners market. The Hartford issued the following statement...

Carolina Homeowners Give an Earful on Proposed 42% Average HO Rate Increase

Jan 23 2024 // North Carolinians have had plenty to say about a proposed homeowners insurance rate increase that could, on average, raise rates in the state by double digits.At a public forum held online and in Raleigh, homeowners...

2024 Oregon Consumer Laws Include Protections for Homeowners Dealing with Wildfire

Jan 22 2024 // Consumer protections for homeowners dealing with wildfire-related issues, property contents coverage, personal data protection and prescription drugs are set to go into effect in 2024.The Oregon Division of Financial...

Viewpoint: California’s Homeowners Insurance Shift: Population, Inflation, and Admitted Insurer Exits

Jan 19 2024 // The excess and surplus lines homeowners’ insurance market in California has undergone significant changes in recent years.The number of policies has changed substantially in over the last decade—first increasing,...

Orion180 Expands Homeowners Insurance to Georgia and Indiana

Jan 11 2024 // Orion180 announced the expansion of its homeowners insurance products to the states of Georgia and Indiana.Underwriting through Orion180 Select Insurance Co., an admitted insurance company domiciled in Indiana, Orion180...

Mortgage Value Limit for Homeowners? That Sounds Like a Bad Idea

Jan 5 2024 // For context, I suggest that you read this Insurance Journal story that provides some details related to the bill that I want to discuss. Here’s the link:...

2024 Oregon Consumer Laws Include Protections for Homeowners Dealing with Wildfire

Dec 29 2023 // Consumer protections for homeowners dealing with wildfire-related issues, property contents coverage, personal data protection and prescription drugs are set to go into effect in 2024.The Oregon Division of Financial...

As Homeowners Face Mounting Disasters, Reality TV Wants to Help

Dec 6 2023 // Television networks are tapping into a mounting challenge affecting many US homeowners: Rebuilding after disasters.Rachael Ray — the chef whose TV programs on quick dinners gained popularity in the early 2000s — has...

Climate Change, Natural Disasters Sent Texas Homeowners Insurance Rates Skyrocketing in 2023

Dec 1 2023 // Insurance companies across Texas have dramatically increased home insurance rates this year, state filings show, as climate change spooks executives and inflation pushes up costs to rebuild after natural disasters.Texas is...

Funeral Home Owners Where Decomposing Bodies Found Returned to Colorado

Nov 28 2023 // The owners of a defunct Colorado funeral home where 190 sets of decomposing human remains were found have been returned to the state to face hundreds of felony charges.Carie Hallford appeared in District Court in Colorado...

HCI’s Homeowners Choice Takes On 53.7K Florida Citizens Policies; TypTap Goes Next

Nov 22 2023 // Homeowners Choice Property & Casualty Insurance Co. recently assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company.The policies assumed amount to...

Devastated California Town Struggles to Rebuild Amid High Home Insurance Costs

Nov 8 2023 // Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise.After the fire, she got divorced, which left her with only...

Farmers, USAA Lead Pack in Hiking Homeowners Insurance Rates in 2023: S&P

Nov 6 2023 // Farmers Insurance Group of Cos. and United Services Automobile Association (USAA) have increased homeowners insurance rates by nearly 15% each to lead all other insurers.According to S&P Global Market...