homeowners insurance
Friday Filmstrips: Swimming Pool Liability
When you’re a homeowner with a swimming pool, having adequate liability insurance as part of your homeowners coverage is crucial, even in winter. Why? Just watch this video.
Read moreMercury General Leaving Florida
Mercury General has announced that it is beginning the process of leaving the Florida homeowners insurance market, citing it’s $19 million in losses in the fourth quarter of 2010 as the driving factor. According to the company, it will be sending the mandatory 180-day advanced notice of it’s “intent not to renew” policies for 8,000 […]
Read moreFebruary Winter Storm Losses May Be As Much as $1.4 Billion
It’s no surprise that much of the United States has been blanketed by snow this week. Even Texas was iced in most of the week, and suffering from severe power emergencies. What may be surprising, though, especially if you live in a state where a bit of snow is relatively normal, is that insurance companies […]
Read moreRate Watch: State Farm Requests 27.7% Rate Hike in Florida
The Florida Office of Insurance Regulation will be holding a public hearing on February 15th. Why? To discuss the latest rate filing from State Farm, which company is requesting an average increase of 27.7 percent statewide in homeowners insurance rates. The reason, they say, is to offset the rising costs of sinkhole claims. The request […]
Read moreFargo Resident Told To Brace for Flooding
Officials in Fargo, ND informed residents earlier this week that it’s time to begin preparing for another major flooding along the Red River. It is anticipated that this will be third such spring flood in a row. On Monday, during the first public planning session for possible flooding, Mayor Dennis Walaker said, “I don’t think […]
Read moreOregon Re-Rating Law Working for Consumers
Thousands of residents of Oregon are happy about their lower insurance premiums, thanks to a year-old law about credit scoring, say the results of a survey by the Department of Consumer and Business Services (DCBS). The law allows policyholders to request that their insurance company re-rate or re-price their homeowners or auto insurance policy once […]
Read moreGeorgia Insurers to Exercise Leniency
Ralph Hudgens, Insurance Commissioner for the state of Georgia, has issued an order directing insurance companies in his state to “exercise lenience” in dealing with individuals and businesses who may be struggling with their premiums due to the heavy winter storms that blanketed the state earlier this month. Between the dates of January 9th and […]
Read moreLawsuit May Halt Work on Louisiana Levees
Last week report: There is a lawsuit in process which may halt work to reinforce one of the New Orleans canals that broke during Hurricane Katrina in 2005. On January 5th, homeowners with backyards along the 17th Street Canal filed a civil suit in state court requesting that work be halted because they claim they […]
Read moreFriday Filmstrips: Condo Insurance
We all know that owning a condo isn’t quite like owning a detached home, but it’s not really renting, either, so is it any wonder that condo insurance is somewhere between homeowners insurance and renters insurance. After all, some things are your responsibility, while others are the responsibility of your Homeowners Association. In this week’s […]
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