homeowners insurance News

Bundlers of Joy: Satisfaction with Home Insurers at 12-Year High

Overall customer satisfaction with homeowners insurance companies is the highest in the 12 years J.D. Power and Associates has measured it, driven in part by the practice of bundling auto and homeowners insurance policies. Overall satisfaction averages 785 in 2012 …

SoCal Fire is Reminder Worst Could be Ahead

A 4-square-mile wildfire in a rural San Diego County community has destroyed roughly a dozen homes and has left one man dead, a sober reminder the state has a large number of high risk homes and that Southern California’s peak …

Chartis Private Client Group Expands, Enhances Wildfire Protection Unit

Chartis has enhanced its Private Client Group’s Wildfire Protection Unit with geographic expansion and improved monitoring technologies. The unit now is available to clients in additional areas of Colorado. The Wildfire Protection Unit is a complimentary loss mitigation service designed …

Hanover Insurance Group Advises Dog Owners to Take Protective Measures

With dog bite claims accounting for over one-third of all homeowners insurance liability claim dollars in 2011, The Hanover Insurance Group is reminding dog owners to take preventative measures to protect themselves from the potentially serious financial consequences of aggressive …

RLI Extends Coverage for Personal Umbrella Policies in Florida

RLI Corp. is now offering a reduced liability attachment point for its personal umbrella policy for Florida residents. Personal umbrella coverage is now available to customers whose primary residence is in Florida and who have a minimum homeowners liability limit …

Judges Tout Wikipedia in ‘Jet Ski’ Exclusion Ambiguity

A Utah Court of Appeals ruled the term “jet ski” to be ambiguous as exclusion in a homeowners’ policy, and to back up its decision the court used as a reference the popular reference website Wikipedia, calling it a “great …

ISO Says States OK Optional By-Peril Rating Rules for Homeowners

ISO says it has received approval of its Risk Analyzer Homeowners by-peril rating rules in 13 states and has filings pending approval in several other states. ISO would not disclose which states have cleared its filings. However, as of Aug. …

Hartford Steam Boiler, EnergySavvy to Help Homeowners Reduce Energy Costs

The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, is working with EnergySavvy, a software provider of energy management technology, to develop tools that help customers make informed decisions about energy usage. Hartford Steam Boiler has …

Coastal Risk Underwriters Enters Alaska Homeowners Market

Coastal Risk Underwriters (CRU), a member company of Insight Catastrophe Group, has launched a new preferred homeowners program for properties located in the state of Alaska. The program, underwritten by Occidental Fire & Casualty Co. of North Carolina, provides coverage …

AIG Off the Hook for Claims by Madoff Clients Under Home Policies

American International Group Inc. does not have to cover insurance claims from two former Bernard Madoff clients who sought compensation for their losses under their homeowner’s policy, a federal appeals court ruled on Wednesday. The 2nd U.S. Circuit Court of …