homeowners insurance News

Insurance Costs Increase for Missouri Town after Settlement

A southwest Missouri city said its insurance deductible has increased by $95,000 after it recently settled a harassment complaint with a former employee. Last month, Ozark settled a lawsuit with former human resources director Cara Borneman for $78,000. It paid …

Permits Predict Property Maintenance

More than half of all homes in the United States are at least 40 years old. And, we all know that many older homes are not properly maintained. We know from scientific research that significant home maintenance is required throughout …

North Dakota Agent Permanently Barred From Selling Insurance

An administrative law judge in North Dakota has made permanent a cease and desist order issued by Insurance Commissioner Adam Hamm against insurance producer Frederick Paul Skoda, formerly of Fargo, N.D., now of Detroit Lakes, Minn. The Dec. 26, 2013, …

Canada Insurer Paid Out $190M in Water Damage Claims in 2013

Aviva Canada paid out a record of over $190 million in water damage claims in 2013, a 69 percent increase versus 2012. If the 2013 Alberta and Toronto catastrophes were removed from the calculation, water damage would have still made …

Mississippi Legislation Passes to Regulate Hurricane Deductibles

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

Property Claims Satisfaction Continues to Improve: J.D. Power

Overall satisfaction among homeowners who filed a property claim improves for the second consecutive year, according to the J.D. Power 2014 Property Claims Satisfaction Study. While it has been more than 16 months since Superstorm Sandy hit the Northeast, its …

Texas Auto, Homeowner Complaints at a Record Low

In 2013, Texas drivers and homeowners filed the fewest number of complaints against their insurance companies since the Texas Department of Insurance (TDI) began keeping records, the Insurance Council of Texas reports. According to TDI’s Consumer Protection division, there was …

Governor Praises Maine’s Low Insurance Rates

Republican Gov. Paul LePage’s administration says Maine’s auto and homeowners insurance rates are the lowest in New England and among the lowest in the country. The Maine Bureau of Insurance is pointing to recently released reports from the National Association …

Homeowners Choice Offers Flood Insurance in Florida

Homeowners Choice Property & Casualty Insurance Company, Inc., a Florida based provider of homeowners insurance and wholly-owned insurance subsidiary of HCI Group, Inc., announced at a press conference it is the first admitted homeowners insurance carrier to provide flood insurance …

Flooded New York Homeowners Regret Dropping Insurance

Some western New York residents whose homes were damaged by a snow-swollen river this month had only recently cancelled their federal flood insurance policies because of rate increases. About 70 houses in West Seneca, just outside Buffalo, flooded when a …