Latest Homeowners Headlines

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

Hiscox Re Offers Private Label Flood Insurance Endorsement for U.S. Insurers

Oct 16 2017 // Bermuda-based reinsurer Hiscox Re, along with insurance linked securities investors (ILS), has launched a flood insurance product for personal lines insurers to sell in the U.S.The turnkey flood insurance product, named...

Developers Built Homes Inside Houston’s Reservoirs. But No One Warned Buyers.

Oct 12 2017 // Note: This story was originally published by the Texas Tribune and ProPublica.When Jeremy Boutor moved to a master-planned community in Houston’s booming energy corridor, he saw it as idyllic. Lakes on Eldridge...

How Does the Homeowners’ Policy Deal with Trees?

Oct 11 2017 // We went to a birthday party over the weekend. At one point the conversation spun into hurricane talk, as it does after a storm passes over. We had folks that live all over Florida and the questions always start with,...

Insurers, Reinsurers Tally Maria, Irma, Harvey and Other Disaster Losses

Oct 10 2017 // Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey, the Mexico City earthquake and other events, have led global insurers and reinsurers to issue profi warnings.tBelow are...

Northern California Wildfires Burn Wine Country Homes, Force Evacuations

Oct 9 2017 // Firefighters battled roughly 10 wind-whipped fires across Northern California’s wine country early Monday, triggering a rush by residents to flee the area.Mandatory evacuations were ordered after blazes broke out...

Trump Wants to Halt Government Flood Insurance for New Homes in Flood Zones

Oct 5 2017 // President Donald Trump proposed ending federal flood insurance for new homes in areas most at risk of flooding, a change that could curtail new construction in vast parts of Florida, Louisiana and along the Eastern...

UPDATE 2: Global Re/Insurers Estimate Price Tag of Q3 Hurricanes & Quakes

Oct 3 2017 // Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit...

Chubb, Homeowners Settle High-Dollar Suit over Ohio Mansion Fire

Oct 2 2017 // A dispute over a multi-million-dollar insurance claim for a suburban Cincinnati mansion that burned down in 2014 has settled weeks before a trial was scheduled to start.A federal court filing says attorneys for Jeffrey and...

States Should Implement Stronger Safeguards for Consumers in Natural Disasters: Rutgers Report

Oct 2 2017 // As homeowners file insurance claims in the wake of Hurricanes Harvey and Irma, many could find their level of protection depends on the state where their damaged home is located, according to a research report released by...

Despite Rise in Catastrophe Losses, Home Insurance Loss Costs Declined in Recent Years

Sep 28 2017 // In 2016, Colorado and Texas homeowners suffered the greatest percentage of catastrophic losses due to extreme weather and other perils, according to a study of home insurance trends.The six-year LexisNexis Risk Solutions...

Texas Homeowners Say They Weren’t Warned about Flooding Risks

Sep 28 2017 // More than 20 years before Hurricane Harvey, officials in suburban Houston were aware that a heavy storm could cause a reservoir to overflow and inundate nearby homes with water. So they issued a warning to potential home...

Firefighters Save Numerous Homes From Southern California Canyon Blaze

Sep 27 2017 // Firefighters working in steep canyons on Tuesday got help from retardant-dropping aircraft flying around-the-clock as they saved homes from a smoky blaze that surged through suburban canyons in Southern California and sent...

Does ALE Coverage Include Cost to Evacuate?

Sep 27 2017 // Since the first forecasts showed Hurricane Harvey approaching Texas to the impact of Hurricane Irma in the Florida Keys, millions of people were ordered, recommended and asked to evacuate their homes. That gave rise to one...

2 Wildfires In Northern California Destroy or Damage Multiple Homes

Sep 25 2017 // Authorities say multiple homes and other structures have been destroyed or damaged in two wildfires that broke out over the weekend in Northern California.Fire officials in Auburn northeast of Sacramento said flames that...

Note to Texas, Florida: Insurance Fights Over Sandy Rage On

Sep 25 2017 // The destructive floodwaters of Superstorm Sandy receded quickly, but some storm victims are still neck-deep in a battle over insurance payouts. And many victims of this year’s storms in Texas, Florida and elsewhere...

Scott Issues Emergency Order to Florida Nursing Homes After 11 Patient Deaths

Sep 25 2017 // After 11 nursing home residents died in the sweltering heat of hurricane-induced power outages, Florida’s nursing home industry is now on a collision course with Gov. Rick Scott.Days after Hurricane Irma ravaged the...

Chubb, Homeowners Settle High-Dollar Suit over Ohio Mansion Fire

Sep 24 2017 // A dispute over a multi-million-dollar insurance claim for a suburban Cincinnati mansion that burned down in 2014 has been settled weeks before a scheduled trial.A federal court filing says attorneys for Jeffrey and Maria...

Fire That Threatened 100 Homes in Nevada Began at Construction Site

Sep 21 2017 // Fire investigators say a blaze on the west edge of Reno, Nev. that threatened as many as 100 homes and destroyed two construction trailers started at a home construction site. Truckee Meadows Fire Chief Charlie Moore says...

States Need Better Protections for Insurance Consumers in Natural Disasters: Rutgers Report

Sep 21 2017 // As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers Center for Risk and Responsibility at the Rutgers Law School in Camden, N.J., suggests...

After the Storm: Insurance Agents E&O Lessons Learned

Sep 20 2017 // Editor’s Note: This is a republication of a January, 2013 article by Sally Coombs, who was then with Fireman’s Fund Insurance Co, which is now integrated into Allianz Global Corporate & Specialty...