Tag: hawaii homeowners insurance

Hawaii residents advised to check their homeowners insurance policies

Nordstrom
Hawaii Homeowners Insurance

Insurance Commissioner Ito warns people to check their insurance policies as Tropical Storm Ana approaches the state Tropical Storm Ana is moving closer to Hawaii and the state’s Insurance Commissioner, Gordon Ito, is urging homeowners to check their insurance policies to ensure that they are protected from potential damages. Homeowners insurance is often a complicated matter for consumers, as many believe that their policies protect them from the full gamut of natural disasters they could fall prey to. This is not the case, however, especially when it comes to flood…

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Hawaii residents encouraged to double check their homeowners insurance policies

S.Vagus
Hawaii Homeowners Insurance

Hurricane season is not over yet and powerful storms may be on their way to Hawaii State officials in Hawaii are encouraging homeowners to ensure that their properties are protected against natural disasters. The 2014 Pacific hurricane season is set to end on November 30, and there is still plenty of time for powerful storms to form and make landfall in the state. Severe weather is expected to hit Hawaii in the coming weeks and months and homes that do not have adequate protection could find themselves vulnerable to financial…

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UPCIC writes its first Georgia homeowners insurance policies

Nordstrom

Universal Insurance Holdings, Inc., has announced that its Universal Property and Casualty Insurance Company (UPCIC) subsidiary has now written its first Georgia homeowners’ insurance policies for an official start within that state. Chief operating officer of the vertically integrated insurance holding company, Sean Downes, said that the entrance of UPCIC into the homeowners’ marketplace in Georgia “marks the fifth state where UPCIC conducts business and continues our expansion beyond Florida.” He added that the insurer is anticipates a strong expansion of its network of agents within that state, as well…

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Homeowners insurers in Hawaii ordered to submit new filing for rates

Gordon I. Ito, Insurance Commissioner of Hawaii has ordered all of the homeowner insurers in that state to file new rates following a review by the Insurance Division which determined that the current rates being charged to policyholders were “excessive” when they were compared to data from the National Association of Insurance Commissioners (NAIC). On June 8, 2011, a memorandum was issued by Insurance Commissioner Ito, stating that homeowner insurers are required to have their rate filings reviewed by the Insurance Division for their approval. According to Ito, following a…

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