The group representing companies that provide homeowners insurance in North Carolina is seeking an average increase of more than 25 percent, a request the state insurance commissioner describes as appalling. Officials with the state Insurance Department said the N.C. Rate …
Texas homeowners are no longer paying the highest insurance rates in the country, a distinction that now goes to Florida residents, according to an annual report released by an industry association. But the report released Monday by the National Association …
The state of Texas and Farmers Insurance want to settle decade-old claims of overcharging and underserving customers for $117.5 million, which would be one of the largest insurance settlements in state history but less than what some people wanted. A …
Many homeowners who got slammed by Superstorm Sandy are finding their flood insurance checks are nowhere near large enough to cover their repairs, and consumer advocates put some of the blame on errors by the multitude of adjusters who were …
Avoid these three traps to maximize the success of your roof risk strategy. From carriers to agents, inspectors to vendors, BuildFax conducted interviews with numerous insurance professionals to identify the number one trend in the roof risk problem ─ ACV. …
A Muncie, Ind., couple says their insurance company has ordered them to rehome their pit bulls or lose their homeowners’ insurance. Shelter Insurance Companies wrote Brad Reinke last month saying the dogs posed a potential liability hazard and should be …
JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they forced homeowners into over-priced property insurance and entered into kickback arrangements that inflated the policies’ prices. The lawsuit being settled …
Madison, Wis.-based American Family Insurance announced an agreement to acquire direct homeowners insurer, Homesite Group, Inc. The acquisition of Homesite, based in Boston and a leading direct writer of homeowners, renters and condominium insurance, will be finalized by the end …
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 …
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 for …