State agency seeks to provide guidance on homeowners insurance issues

Illinois homeowners Insurance

Homeowners insurance confusion could be a problem for Illinois residents A powerful tornado swept through Illinois earlier this week, leaving a path of destruction in its wake. The city of Washington was one of those that suffered most from the natural disaster, which destroyed more than 500 homes and damaged property throughout the entirety of the city. The devastating event has caused some confusion concerning homeowners insurance and natural disasters, which has spurred the Illinois Department of Insurance to take action. Agency to provide one-on-one counseling sessions for disaster victims…

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Homeowners insurance in Colorado to experience massive reforms

Colorado homeowners insurance industry wildfires

The tremendously destructive wildfires in the state have caused underwriters to come together to overhaul the system. Over the last three years, Colorado has experienced devastating wildfires that have ignited an overhaul of the state’s homeowners insurance system, in the hopes that consumers might begin seeing some positive changes over the next few several weeks. The situation in the states has undergone a considerable change that has brought coverage to the spotlight. According to Carole Walker, the Rocky Mountain Insurance Information Association executive director, “The cycle of natural disaster has…

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Homeowners insurance bill filed by Florida legislator for gun owners

Florida Homeowners Insurance

This action appears to be made as a pre-emptive strike to regulate the way weapons owners are treated by insurers. Representative Matt Gaetz has now filed legislation that is designed to help to regulate how homeowners insurance companies will be able to treat gun owners, through a bill that is being viewed as a form of pre-emptive strike in Florida. At the moment, application for home coverage do not ask whether or not a gun will be on the property. Within the state of Florida, when a homeowners insurance policy…

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Homeowners insurance from Citizens to be lost by many property owners

Florida homeowners insurance, Citizens Property

By January, there will be tens of thousands of consumers who will no longer be covered by the state-backed company. January is coming ever closer, and by that time the homeowners insurance from Citizens that is currently covering a large proportion of the property owners in the Florida will be shrinking by tens of thousands of policies. By that point, policyholders will no longer have the choice as to whether or not they remain with Citizens. This should not come as a complete surprise to many of the people in…

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Homeowners insurance premiums in UK continue to fall

UK Insurance regulations

At the same time flooding coverage is maintaining its threat of overwhelming expense. At the beginning of 2012, the premiums for homeowners insurance across the United Kingdom started to fall, and that trend has continued throughout the last three months, says the latest data released by AA. The most recent figures have indicated that the coverage is rapidly becoming cheaper to buy. In fact, the homeowners insurance data released from the period ranging from July through September has shown that the premiums for the coverage fell by almost six percent…

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