homeowners insurance News

San Diego Fires Took More Than 40 Homes

Officials say at least 47 homes were destroyed during last week’s outbreak of nearly a dozen wildfires in San Diego County. State fire officials said Sunday at least 39 homes in the suburb of San Marcos were destroyed. Another eight …

Penn. Court: Homeowners’ Policy Doesn’t Cover Injury From Insured’s Prank

A Pennsylvania appeals court has affirmed this month that a homeowners’ insurer has no duty to defend or indemnify in an underlying case where the policyholder’s teenage son caused an injury to a friend during horseplay. The dispute involves American …

Sprinkler Clause Adds Wrinkle To Minnesota Bonding Debate

When it comes to the $846 million construction borrowing package being debated at Minnesota’s Capitol, many wonder if it’s it too big to fail. Or in the case of Gov. Mark Dayton, is too big to veto? Dayton threw a …

ANE, Hyundai Marine & Fire Launch New Homeowners Insurance Program

ANE, Agency Network Exchange, has formed an agreement with Hyundai Marine & Fire Insurance Co. that gives its members direct access to Hyundai’s new homeowners insurance product. ANE and its member agents collaborated with Hyundai to develop this product, which …

High Net Worth Carrier PURE Enters California

Call it a little luck or good timing – maybe a bit of both– but an insurer focused on high net worth individuals has added California to the list of states in which it does business at a time when …

Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida

Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now offer primary flood insurance of $500,000 to its customers, in …

Maine Insurance Bureau Announces New Online Auto, Homeowners Resources

Maine Governor Paul R. LePage and Insurance Superintendent Eric Cioppa recently announced that the Bureau of Insurance now offers new online resources for consumers who want to compare auto and homeowners insurance policies. Regulators said downloadable copies of policy forms …

Mercury Ins. Lowers Homeowners Rates in Penn., Seeks to Grow Market Share

Mercury Insurance said the company is lowering its homeowners insurance rates for Pennsylvania residents by an average of 10 percent. The Los Angeles-based insurer said the rate reduction would help attract more customers. “Mercury is a major writer of homeowners …

New Mississippi Law to Set Uniform Rules for Hurricane Deductibles

Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law Gov. Phil Bryant signed last week. House Bill 756, sponsored by Biloxi Republican Scott DeLano, requires Insurance Commissioner Mike Chaney to rule that …

Hartford Steam Boiler Announces Help Desk Service for Homeowners

The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is now offering technical support services for homeowners through a partnership with Sutherland Global Services (Sutherland), a provider of business process outsourcing. The services are available as part of MyHomeWorks, a …