Tag: homeowners insurance bill

New Jersey homeowners insurance legislation results from report outcomes

Julie Campbell
Homeowners insurance New Jersey

A lawmaker in the state has now introduced a bill to stop premiums from skyrocketing after one claim. A recent homeowners insurance study brought to light a certain issue with regards to the significant raising of premiums for New Jersey customers after they had made one claim on their policies. The report showed that this issue was present across the country, but New Jersey took this to heart. The results were reflected in an insuranceQuotes.com data analysis that determined that after one homeowners insurance claim had been made in 2014,…

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Ohio insurance reforms could be beneficial to consumers

G. Turner
Ohio homeowners Insurance

Changes to the laws in the state could help to boost competition and strength while boosting protection for consumers. According to Mary Taylor, the director of the Ohio Insurance Department, as well as its Lieutenant Governor, the latest reforms to the insurance laws in the state could be exceptionally helpful for the maintenance of that industry’s strength and competition, and it may also bring additional protections to consumers. Senate Bill 140 is now also ready for the Governor, John Kasich’s signature. Once the Governor signs that bill into a law,…

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Homeowners insurance bill in Florida signed by Governor Scott

G. Turner
Florida homeowners insurance, Citizens Property

This will help to reform Citizens so that it will be able to further reduce its massive size. Governor Rick Scott has just signed a Florida bill into law which will allow a huge number of changes to be made to Citizens, the largest homeowners insurance company in the state. One of the goals of the bill is to move more of the policyholders from the state backed insurer into the private market. According to Senator David Simmons (R – Altamonte Springs), who sponsored SB 1770, “It’s a hell of…

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Homeowners insurance bill in Florida is moving up

H. Cutner
homeowners insurance bill

The North Carolina proposal is only one of a large number facing the General Assembly. A bill regarding homeowners insurance is one of a large number being considered by the General Assembly in North Carolina, following a slew of others last week, including outdoor smoking bans, clean water issues, and autistic child coverage. This is because the General Assembly was trying to fit everything in before today’s non-revenue bill deadline. The bills – including the one for homeowners insurance – were required to pass their originating chamber by this date…

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Homeowners insurance at Citizens shedding some weight

Julie Campbell
Florida homeowners insurance, Citizens Property

Lawmakers have given the state backed insurer the ability to take action to reduce its policyholders. The state backed homeowners insurance company, Citizens, in Florida, will now be reducing its number of policyholders following the approvals that it has recently received from lawmakers. Hundreds of thousands of policies will no longer belong to Citizens but will be shifted to the private market. Certain areas are being affected more heavily than others. Many lawmakers are using this as a kind of pilot program to be able to decide how reforms for…

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