Most Popular Homeowners Headlines This Year
The most viewed headlines from our Homeowners Topic Page over the last year.
#1 Agent’s Failure to Disclose Dog Comes Back to Bite Homeowner
Jul 12 2023 // A Connecticut homeowner who is being sued by a woman who alleges his dog bit her in the face is not entitled to insurance coverage because his home insurance application, which was completed by his insurance agent,...
#2 State Farm Nonrenewing 30K California Homeowners, Renters
Mar 20 2024 // State Farm General Insurance Co. said it will non-renew 30,000 California homeowners, rental dwelling, and other property insurance policies State Farm announced in May last year it had stopped accepting new policy...
#3 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...
#4 Top 4 Alternatives to Purchasing Homeowners Insurance
Mar 4 2024 // Homeowners insurance companies are having a rough year. What’s worse is that they seem to be taking it out on us, their customers. According to an article on Policygenius, the cost of homeowners insurance went up an...
#5 Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
May 9 2024 // Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don’t carry full replacement-value insurance...
#6 Insurer Avoids Dog Bite Claim Brought by Homeowner Selling Firearms Out of Garage
Jun 15 2023 // Nationwide General Insurance has avoided payment of a dog bite claim filed by a homeowner it insured who ran a firearms business out of his garage. A federal district court for Alabama ruled that the business exclusions in...
#7 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,...
#8 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...
#9 US Home Insurance Premiums May Hit a Record This Year, Report Warns
Apr 1 2024 // US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowners...
#10 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...
#11 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...
#12 Farmers Limits New Homeowners Policies in California, Prompting Insurer Group to Call for Reform
Jul 7 2023 // Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier that follows a similar decision by State Farm last month and adds to a growing list of major carriers...
#13 Lemonade Posts Q2 Loss of $67.2M, Reviews Homeowners Book
Aug 3 2023 // Artificial intelligence-powered insurer Lemonade recorded a net loss of $67.2 million for the second quarter compared with a net loss of $67.9 million a year ago during the same period. Catastrophes, specifically severe...
#14 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...
#15 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...
#16 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...
#17 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...
#18 Louisiana Homeowners Eligible for Roofing Retrofitting Grants
Jun 19 2023 // Louisiana homeowners will soon be able to apply for grants to retrofit their roofs to beyond-code construction standards, spurring discounts to their insurance premiums. State lawmakers appropriated $30 million to the...
#19 If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher
Apr 9 2024 // If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of inflation — it could have added 80 basis points, or about 0.8%, to last year’s CPI increase of 3.4%,...
#20 Climate Change and Homeowners’ Insurance Are on a Collision Course
Jun 9 2023 // A summer that has already seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched battle between climate change and the price of homeowners’ insurance in the US. American...
