Latest Homeowners Headlines

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

Markets/Coverages: Green Shield Introduces Specialty Homeowners Platform With INSTANDA

Oct 18 2023 // Chicago-based Green Shield Risk Solutions has announced the introduction of its specialty homeowners insurance platform built with INSTANDA.Brought to market in just over 90 days, the platform enables quoting, binding and...

Homeowners Face Rising Insurance Rates as Climate Change Makes Wildfires, Storms More Common

Oct 16 2023 // A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report...

Homeowners Unprepared for Non-Weather-Related Water Damage: Hanover Report Shows

Oct 16 2023 // Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims, according to The Hanover Insurance Group in a new...

Viewpoint: Reinsurance Solution Would Help Homeowners Exposed to Wildfires Face the Challenge

Oct 12 2023 // Wildfire has become an increasingly challenging threat in many Western States. With an ever-increasing frequency and intensity, this continues to pose a serious threat to lives and properties across the exposed area....

Police Didn’t Give Alabama Homeowner Time to Respond Before Firing, Lawyer Says

Oct 10 2023 // DECATUR, Ala. (AP) — An attorney representing the family of a Black man who was fatally shot at his home by police said Friday that officers did not give the man time to respond before they opened fire.Steve Perkins,...

Most Homeowners Face Barriers to Improve Resiliency, Says APCIA Survey

Oct 10 2023 // As personal property owners face issues related to rising frequency and severity of natural catastrophes, a survey has found many do not have money or know where to start in order to mitigate damages.The American Property...

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

Oct 4 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...

Homeowners Unprepared for Non-Weather-Related Water Damage: Report

Oct 2 2023 // Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims, according to The Hanover Insurance Group in a new...

Policygenius Finds Average Home Insurance Prices Up 21%

Oct 2 2023 // Online insurance marketplace Policygenius has found that home insurance premiums at renewal increased 21% on average from May 2022 to May 2023.The state that saw the highest average increase for homeowners insurance during...

Unstable Homeowners

Oct 2 2023 // The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of above-average numbers of natural catastrophes, inflationary pressures and elevated reinsurance...

US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount: Report

Sep 20 2023 // Home insurance costs that have soared in much of the US may get even higher.Tens of millions of properties around the country are insured at prices that haven’t caught up with the danger of hurricanes, wildfires and...

AM Best Revises US Homeowners Insurance Segment to Negative as Losses Persist

Sep 18 2023 // The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of above-average numbers of natural catastrophes, inflationary pressures and elevated reinsurance...

Policygenius Finds Average Home Insurance Prices Up 21%

Sep 14 2023 // Online insurance marketplace Policygenius has found that home insurance premiums at renewal increased 21% on average from May 2022 to May 2023.The state that saw the highest average increase for homeowners insurance during...

Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction

Sep 5 2023 // The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction.The paper, “Dynamics and Challenges in...

Home Insurance as a Work Benefit? Recoop Says It’s Bringing it to Florida and All States

Aug 28 2023 // Health insurance. Dental insurance. Accidental death and dismemberment. Why not homeowners insurance as an employee benefit?That’s exactly what Darren Wood is thinking. Wood is the founder and chief product officer...

Survey Finds Homeowners Are Putting Off Repairs, Reducing Homeowners Coverage

Aug 18 2023 // Many U.S. homeowners are delaying home repairs, potentially putting their property at risk of damage, according to the latest Nationwide Agency Forward survey.A quarter of the homeowners surveyed (26 percent) are unaware...

Hawaiian Utility Sued by Homeowner Over Lahaina Fire

Aug 17 2023 // The Hawaiian power company in the crosshairs after wildfires ripped through parts of Maui faces a new lawsuit blaming its equipment for starting blazes that claimed more than 100 lives and wreaked billions of dollars in...

Homeowners Had Issues with Hot Water Tank Before Deadly Blast in Pennsylvania

Aug 17 2023 // The owners of a home that exploded in western Pennsylvania last weekend were having issues with their hot water tank, authorities said, but the cause of the blast that killed five people — including two municipal...

Australia’s Climate Risks Are Making Home Insurance Unaffordable

Aug 14 2023 // Australian home insurance premiums jumped the most in two decades in the past year, driven by weather catastrophes and higher building costs, new research showed.Median home insurance premiums surged 28% to A$1,894...

Miami’s Septic Tanks, Trash Problems Test Appeal to Rich Homeowners

Aug 11 2023 // Miami wants to attract even more out-of-state workers and wealthy newcomers like hedge fund tycoon Ken Griffin. But first, County Mayor Daniella Levine Cava faces a huge environmental problem: overflowing garbage heaps and...