homeowners insurance News

Reno Fire Department Says Wildfire Destroyed 5 Homes, Damaged 24

Authorities now say five homes were destroyed and 26 damaged by a wind-driven wildfire that roared through a Reno, Nev., neighborhood. Of the homes damaged Tuesday, three were heavily damaged and 21 had minor damage due to the fire, which …

Homeowners of America Insurance Expands into Illinois

Homeowners of America Insurance Co. (HOAIC), an Irving, Texas-based property/casualty insurance provider, is now offering its insurance products in the state of Illinois. HOAIC President and CEO Spencer Tucker said the move marks HOAIC’s “first entry into the Midwestern market.” …

California Pledges to Protect Homeowners from Insurer Withdrawals Due to Wildfires

California’s insurance commissioner on Monday pledged to step up efforts to protect the state’s residents from wildfires and address a pullback of private insurers from the state’s riskiest areas. Insurance Commissioner Ricardo Lara convened a “virtual investigatory hearing” on Monday …

Progressive Integrates Home Insurance Quoting Into Mortgage Lending Program

Progressive Insurance is serving home buyers in the digital mortgage process and using information they’ve already entered for their loans to serve up homeowners’ insurance quotes with a single click. Working with mobile-first digital mortgage software company StreamLoan, the insurer …

Florida Homeowners Insurtech TypTap Goes National; Plans Roll-Out in 20 States

After launching in Florida as a flood insurer in 2016 and expanding into the homeowners market in 2018, TypTap Insurance Co. has officially started the process of becoming a nationwide company. The technology-driven insurer and subsidiary of HCI Group launched …

Insurance Consumer Advice for Buyers of High-Risk Homes: Liz Weston

When house hunting, the price of homeowners insurance probably isn’t top of mind. But homes with hidden risks can make getting coverage difficult, expensive or both. Learning how to identify them could save a homeowner a bundle. This could be …

Narragansett Bay Insurance Expands into Delaware, Maryland

Narragansett Bay Insurance Company (NBIC) began writing property and casualty insurance in Delaware and Maryland, effective Oct. 1, 2020. The two states mark the seventh and eighth states where the company provides homeowners insurance. NBIC already provides homeowners insurance in …

Gas Leak Leads to Explosion in Iowa, Several Homes Damaged

Fire officials are blaming a gas leak for an explosion that destroyed one Dubuque, Iowa home and damaged several others. KCRG reports that Chief Rick Steines with the Dubuque Fire Department said a machine struck a gas main Monday while …

Online Platform Kin Insurance Expanding to California

Kin Insurance announced it will begin serving California with its online platform to enable homeowners to obtain insurance quotes, customize coverage and get insured online or over the phone. Kin originally launched in 2016 to serve Florida. Kin said it …

Oregon Issues Insurance Emergency Order for Wildfire Victims

The Oregon Department of Consumer and Business Services’ Division of Financial Regulation has issued an insurance emergency order for people affected by the state’s wildfires. Insurance companies must immediately take steps to do the following until the order is no …