homeowners insurance News

Idaho Flood Recovery Is Far From Over

Accustomed to drought, south-central Idaho was overwhelmed this winter by simply too much water. Snowstorms cloaked the mountains and valleys. The saturated ground froze, buckling asphalt. Then sudden runoff in February and March wrecked more roads and left people scrambling …

Florida Peninsula Insurance Launches Online Quoting for Homeowners Coverage

Florida Peninsula Insurance Company, a Florida homeowner insurance carrier, has launched a new online system offering homeowners insurance quotes to consumers. According to Clint Strauch, president of Florida Peninsula system allows Florida consumers to shop and compare coverage and price, …

Hippo Launches with Promise of 60-Second Homeowners Insurance Quote

An insurtech firm launched in California today with the promise of providing online homeowners insurance quotes in 60 seconds in what the Mountain View, Calif.-based company is calling “the most fundamental redesign of home insurance in recent times.” Hippo Insurance …

Officials: Kansas Apartment Blaze Caused $23M to $25M in Damage

Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under construction and spread to about two dozen homes estimate the blaze caused between $23 million and $25 million in damage. The Kansas City Star reports …

Pennsylvania Insurance Commissioner Offers Advice for Winter Storm Damage

Pennsylvania Insurance Commissioner Teresa Miller is offering tips to consumers whose home or automobile may have sustained damage from this week’s winter storm, according to a press release issued by the Pennsylvania Department of Insurance. “Most standard homeowners’ insurance policies …

Homeowners Insurance Increase Denied by Delaware Insurance Commissioner

A request by Windsor-Mount Joy Mutual Insurance Company (WNMJ) to increase insurance rates on more than 2,000 manufactured housing policyholders in Delaware by 20%-30% has been denied by Delaware Insurance Commissioner Trinidad Navarro, according to a press release issued by …

Rutgers Law School Project Addresses ‘Use It And Lose It’ in Homeowners Insurance

A new report by the Rutgers Center for Risk and Responsibility at Rutgers Law School in Camden, N.J., in cooperation with United Policyholders, offers recommendations to state lawmakers in terms of how homeowners insurance claims are addressed by insurance companies …

CoreLogic: $13.3B in Reconstruction at Risk in Northern California Dam Failure

Roughly 50,047 single- and multi-family residential homes could be damaged with an estimated reconstruction cost value of $13.3 billion if the Oroville Dam in California were to fail completely, according to new data analysis from CoreLogic that included the six …

Suspected Shooter in Oklahoma Accused of Stealing Insurance Money

Federal investigators say an Oklahoma man who fatally shot himself this week after being suspected of killing two people was facing felony charges connected to an insurance scheme. An FBI affidavit alleges that 55-year-old Timothy Michael Deffner of Norman stole …

Research Shows California Homeowners Lack Understanding of Retrofitting

A new study on California homowners shows a general awareness of earthquakes and other natural hazards, but that those owners did not necessarily take action to mitigate risks, and many didn’t know whether their home had been retrofitted. Results of …