homeowners insurance News

Insurers Abandon Long Island After Superstorm, N.Y. Senator Schumer Says

Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be compelled to offer coverage there, New York Senator Charles Schumer said. Liberty Mutual Holding Co. and Bloomington, Illinois-based State Farm …

Oklahoma Twister Victims Face Long Recovery, Insurance Woes

When the big twister hit, Maylene Sorrels huddled with her students in the halls of Plaza Towers Elementary School in Moore, Okla. Cowering, she covered the student’s heads. Then Sorrels, a teacher’s aide, tried to reassure her kids they would …

Thunderstorms Down Trees, Power Lines in Delaware

Thunderstorms with large hail knocked down trees, flooded roads and left thousands in the dark in New Castle County in Delaware. As many as 11,000 customers lost power Monday night after the storms blew through the region. By Tuesday morning …

Michigan Orders American Fellowship Mutual Insurance into Liquidation

The American Fellowship Mutual Insurance Co. has been ordered into liquidation by Ingham County Circuit Judge William Collette at the request of the Michigan Department of Insurance and Financial Services (DIFS) Director Kevin Clinton. The request was granted on June …

Colorado Wildfire Burns More Than 500 Homes, New Blazes in West

The number of homes destroyed by a Colorado wildfire rose above 500 on Tuesday as rain dampened the flames and allowed damage assessment teams to enter charred neighborhoods, as other threatening blazes grew in Alaska and elsewhere in the West. …

Oklahoma Commissioner Advises Insurers to Delay Nonrenewals

Insurance Commissioner John D. Doak has issued a bulletin to all Oklahoma-licensed property and casualty insurers and insurance producers, advising them to keep customers on their current policies for at least 60 days after the completion of repairs. The move …

Colorado Wildfire Destroys 92 Homes

Sheriff’s officials released a preliminary list Wednesday showing the Black Forest Fire northeast of Colorado Springs, Colo. has destroyed at least 92 homes and damaged five more. The fire was among several that surged rapidly Tuesday along Colorado’s Front Range. …

Post-Tornado, Looters Come from Afar to Oklahoma

Authorities say looters have come from as far away as New York and Virginia to steal from victims of last month’s tornado in Moore, Okla. The Oklahoman reports that police arrested one man from Elmhurst, N.Y., and two from Virginia …

Coastal Homeowners Upset with Insurers, Regulators Over Surge in Insurance Costs

When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for homeowners insurance. Now, as he seeks to move to Atlanta to be near family, Virden says potential buyers …

Oklahoma Commissioner: Insurance Policies to Remain in Place

Oklahoma Insurance Commissioner John D. Doak placed a moratorium on all insurance non-renewals, cancellations and terminations for affected areas in the wake of the tornado and severe storms that occurred in central Oklahoma May 19-20. The commissioner’s bulletin released requests …