Live Insurance News

Millennials are unsatisfied with interaction with homeowners insurance companies

June 8, 2015June 6, 2015 S.Vagus

Insurers are having trouble interacting with Millennials Homeowners insurance companies may be failing to meet consumer expectations when it comes to interaction, according to a new study released by J.D. Power, a global marketing research and information services firm. The study highlights “Gen Y” consumers, typically referred to a Millennials, as having the lowest satisfaction with insurers and their ability to interact with consumers. This demographic typically represents those born in the early 1980s and early 2000s and these people are becoming first-time homeowners and have high expectations of the…

Federal agency is slow to act on controversial homeowners insurance coverage

November 21, 2014November 20, 2014 Marc

Federal Housing Finance Agency has not taken action on force-placed insurance The Federal Housing Finance Agency has pledged to make changes to a controversial type of homeowners insurance coverage, but has yet to actually take any action on the matter. The agency’s director told the Senate Banking Committee this week that the agency was making progress in addressing the issue of force-placed insurance, but none of the agency’s plans have gone into effect yet. Force-placed insurance has become a controversial topic in the U.S., with many consumers and state officials…

Homeowners insurance rates fall in the US

January 13, 2014January 12, 2014 S.Vagus

Average cost of insurance coverage is falling Homeowners insurance in the U.S. may be on its way to becoming more affordable, according to data from HomeInsurance.com’s RateReport. Over the past few years, homeowners coverage in the U.S. has been considered a problematic issue because of its costly nature. Those located in coastal communities tend to pay more for their coverage due to their exposure to natural disasters. Recent climatic events, such as the so called Polar Vortex, have also had some impact on the insurance market, but that impact may…

Homeowners band together to protest flood insurance rate hikes

July 26, 2013July 23, 2013 Logan B.

Flood insurance rates set to soar in the US Hundreds of thousands of homeowners throughout the U.S. are bracing for the impact of higher flood insurance rates as the Federal Emergency Management Agency (FEMA) makes sweeping revisions to its flood maps and federal lawmakers seek to introduce further reforms to the National Flood Insurance Program. FEMA has been slow to revise its flood maps; so much of the concern among homeowners is related to reforms that were passed last year concerning the federal flood insurance program. These reforms are scheduled…

Homeowners insurance rates grow nationwide

June 12, 2013June 10, 2013 Logan B.

Homeowners insurance rates are increasing throughout the US Homeowners insurance has become a tricky subject in the U.S. Costs for this type of coverage are typically high in regions that are prone to natural disasters, such as those along the coastline of the Gulf of Mexico. States like Florida and Louisiana typically see high home insurance rates due to the fact that they have been victims of major hurricanes in the past. Homeowners insurance rates are growing, however, and this is not being restricted to just a few states. Rates…

Insurance Information Institute sees premiums rise in wake of Hurricane Sandy

November 28, 2012April 30, 2013

Insurance Information Institute notes homeowners insurance rates are on the rise and have been for some time Hurricane Sandy is expected to have a significant impact on homeowners insurance premiums in the Northeast U.S., according to the Insurance Information Institute. The trade association suggests that major storms like Sandy often have an impact on insurance rates, but Sandy is not the only factor that is going into the growing premiums of homeowners insurance coverage. The Insurance Information Institute suggests that premiums have been growing since mid-2011 and that Hurricane Sandy…

Report shows homeowner’s insurance rates growing nationwide

May 17, 2012May 22, 2012 Nordstrom

RateReport study documents growths of rates in 2011 Homeinsurance.com, a leading online source for home insurance policies, has released information concerning the state of homeowner’s insurance premiums throughout the U.S. Homeowner’s insurance continues to be an issue that attracts a great deal of attention because of the fluctuations in the housing market and the frequency of natural disasters that have been occurring in the country. The company has released the latest edition of its RateReport study, which investigates approximately 15,000 policies throughout the country sold by companies such as Travelers,…