homeowners insurance News

Wildfires Making Insurance Harder to Find, California Department of Insurance Says

Severe wildfire seasons have made it harder for homeowners to find insurance in high wildfire-risk areas, according to new data collected by the California Department of Insurance. The data released this week from the CDI shows a 6% increase in …

Connecticut Crumbling Foundations Superintendent to Step Aside

The veteran insurance consultant who has overseen the rollout of an assistance program for Connecticut homeowners with crumbling foundations says he’s stepping aside. Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company, a captive insurance company created by the …

State Farm Lowering Home Insurance Rates in Kansas

State Farm said it is reducing its Kansas homeowners insurance rates by an average of 2.2 percent. The total statewide expected savings impact for State Farm customers by this rate decrease is approximately $5.1 million. The rate decrease is effective …

Relief Arrives for Connecticut Homeowners with Crumbling Foundations

After worrying for years about the foundations crumbling beneath their houses, hundreds of suburban homeowners in a large swath of central Connecticut are getting help to salvage property that had been doomed by a bad batch of concrete. The homes …

Connecticut Consumers Urged to Review Policies Ahead of Storm Season

Connecticut Insurance Commissioner Andrew N. Mais is urging homeowners to review their insurance policies before the upcoming tropical storm season. Peak hurricane season in Connecticut begins in mid-August and runs through late October. Mais says policyholders should discuss with an …

Why First Notice of Loss Is Key to Customer Satisfaction: Viewpoint

What’s worse: An incident that caused an insurance claim or the claims process itself? Ask a policy holder who has recently lived through a homeowners’ insurance claim process and the results might not be as lopsided as one would assume. …

Insurer Must Cover Defendant in Fatal Bathroom Fight Lawsuit

A Delaware judge says an insurance company must extend liability coverage to a teenager who was convicted of criminally negligent homicide after a school bathroom attack captured on cellphone video that left a 16-year-old girl dead. The judge ruled Wednesday …

Nevada Attorney General Recommends $25M Wildfire Settlement

Nevada’s attorney general is recommending approval of a $25 million settlement with homeowners and insurance companies who sought more than $300 million in damages from the state after a fire destroyed 24 homes south of Reno when strong winds reignited …

Travelers Beefing Up Wildfire Protection After 2018 California Blazes

Travelers Cos. is strengthening its wildfire-defense efforts after deadly blazes swept through California last year. The insurer is adding a service to all of its California home and landlord policies, helping customers prepare their property for a fire by different …

Nevada Reaches Tentative Settlement Homeowners and Insurers in Wildfire Suit

The state of Nevada has reached a tentative settlement with dozens of homeowners and insurance companies that filed an $80 million negligence lawsuit after a fire destroyed 24 homes when strong winds reignited a smoldering prescribed burn south of Reno …