Nationwide, an average homeowner paid $909 for homeowner insurance coverage in 2010, up 36 percent from 2003. Inflation rose 19 percent during the same period. Here’s a look at what homeowners in states bordering the Atlantic Ocean or Gulf of …
Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2012, costing more than $489 million, according to the Insurance Information Institute (I.I.I.) and State Farm, the largest writer of homeowners insurance in …
There is no doubt that so-called Big Data is changing the way many companies do business. The volume of information being generated by web activity is growing exponentially and the technology has finally emerged to manage this astounding amount of …
Despite the McCarran-Ferguson Act, which reserved the regulation of the “business of insurance” to the states, the Department of Housing and Urban Development (HUD) has given itself the ability to upset and invalidate long-standing underwriting and ratemaking practices for homeowners’ …
United Heritage Financial Group, Inc., based in Meridian, Idaho, and Merced Property & Casualty Company, headquartered in Atwater, Calif., announced that United Heritage Insurance has acquired over 94 percent of Merced’s stock issued today pursuant to a sponsored demutualization. ”United …
North Carolina’s top state insurance regulator signed an agreement Tuesday allowing companies to raise homeowner’s insurance policies by a statewide average of 7 percent a year starting in July. Insurance Commissioner Wayne Goodwin agreed to a rate increase for less …
General Star Management Company announced its High Value Homeowners program. Effective March 1, the product is offered through All Risks, Ltd, the program administrator for this new facility. Together, they will provide eligible homeowners with customized insurance solutions in 12 …
Marco Tarafa was stunned to find that his homeowners’ policy is increasing by nearly $1,000 a year – all because inspectors couldn’t get into his attic, where there was no crawl space and about 24 inches of insulation. Tarafa was …
As flood waters from Superstorm Sandy continue to subside, they are causing the opposite effect on homeowner insurance premiums – which are rising. “Rates are increasing rapidly across-the-board, and on a national basis, even in states that were left high …