Most Popular Homeowners Headlines This Year
The most viewed headlines from our Homeowners Topic Page over the last year.
#1 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...
#2 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...
#3 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...
#4 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...
#5 American National Exiting Homeowners Insurance Market
May 31 2024 // Following its announcement several months ago to leave the homeowners insurance business in nine states including California and Louisiana, American National appears to be exiting the line in all states. According to a...
#6 D.A. in California Sues Farmers, Other Home Insurers Alleging Scheme to Underinsure
Jun 13 2024 // Alameda County District Attorney Pamela Price’s Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they’re operating a scheme that...
#7 Home Insurance at $10,000 a Year Shows California Buyers’ Pain
Jun 24 2024 // California’s lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the US. Now, challenges securing and affording home insurance in the wildfire-prone state are...
#8 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,...
#9 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...
#10 US Home Insurers Post Net Combined Ratio Over 110: S&P
May 23 2024 // The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence. The net combined ratio for the homeowners business,...
#11 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...
#12 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...
#13 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...
#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 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...
#16 Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P
Jun 28 2024 // In the topsy-turvy world of homeowners insurance, first-quarter loss ratios have been bouncing around for the last five years—from below 50 in 2020 to over 70 in 2021 and 2023, a new analysis shows. The S&P Global...
#17 US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair
Jul 1 2024 // This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers thinks maybe the shock still isn’t enough to steer people away from risk in a changing climate. “There...
#18 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...
#19 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...
#20 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...
