Live Insurance News

Homeowners insurance prices shouldn’t be affected by Oklahoma tornadoes

May 31, 2013May 29, 2013 Julie Campbell

The major storms that the state has seen should not cause its premiums to increase, says the commissioner. Following the devastation from the tornadoes and the massive storms that have struck central Oklahoma over the last few weeks, homeowners insurance customers have been worried that this will increase their risk level and will cause their premiums to skyrocket. However, the commissioner has released a statement to assuage those fears and has said that increases will hold off. Commissioner John Doak has released a statement that has said that the homeowners…

Homeowners insurance from Frontline moves into Delaware

May 28, 2013May 27, 2013 Julie Campbell

The company has just announced its licensing expansion into the state for coastal property coverage. One of the leading coastal homeowners insurance companies in the United States has just announced that its expansion is continuing and that this now includes licensing to sell its policies in Delaware. This will add one more option for property owners in the state and will help to boost competition. According to the president of the insurer, “Coastal coverage for homeowners is a primary focus for us. Delaware has shown continued growth in its beach…

Largest private homeowners insurance company in Florida turning a profit

March 12, 2013March 11, 2013 H. Cutner

Universal flipped into the black when it saw a positive result from the fourth quarter. In the fourth quarter, the largest privately owned homeowners insurance company, Universal Insurance, flipped to a profit, showing considerable improvements over the year before. In 2011, the company had posted a loss of $2.3 million in the same quarter. For 2012, the homeowners insurance company, based in Fort Lauderdale, posted a net income of $4.4 million. It also saw its direct premiums written rise to $174.6 million during that last quarter, when compared to 2011…

Homeowners insurance claims for Sandy aren’t all going smoothly

January 10, 2013April 30, 2013

Some policyholders are struggling while officials remind claimants to be “smart” when they file. New York state officials are recommending that homeowners insurance policyholders be “smart” about the way that they file their claims related to damage from Sandy and are also stating that they should know that they are not required to accept the first offer that is made by their insurers. There are many disagreements between claimants and insurers about issues such as flooding. Many homeowners insurance customers are finding themselves battling out the details of their claims…

Homeowners insurance cut off for Sheriff’s Deputy with police dog

October 26, 2012October 26, 2012 Julie Campbell

American Family Insurance giving notice to cancel Andy Woodward’s coverage. In Nebraska, Douglas County Sheriff’s Deputy Andy Woodward was recently contacted by his homeowners insurance company, American Family, which informed him that they were terminating his policy because of the fact that he brings his police dog home with him to care for it. Part of Woodward’s job includes the requirement that he must live with his police dog. The County supported Woodward and originally argued with American Family, saying that all of its police dogs were separately covered by…

Homeowners insurance company consumer satisfaction has jumped significantly

October 2, 2012October 2, 2012 Julie Campbell

A J.D. Power and Associates report credits policy bundling with happy customers. The latest J.D. Power and Associates report, called the 2012 National Homeowners Insurance Study, has just been released, and it showed that the satisfaction that customers have with their insurers is higher when their policies are bundled with other types of coverage. This is the twelfth time that this annual study has been performed. It is designed to provide a measure of the satisfaction that customers feel with their homeowners insurance companies by taking five different factors into…

Homeowners insurance companies may terminate policies because of roof dirt

August 29, 2012August 29, 2012 Marc

Insurers have been cancelling coverage due to debris on shingling. Though most homeowners have never really concentrated too hard on ensuring that their rooftops are spic and span, many might be changing their tunes as the number of homeowners insurance policies that have been cancelled as a result of roof dirt is rapidly growing. The cleanliness of your roof could have a direct impact on your coverage. Homeowners insurance companies are now saying that dirt, dark streaks, or green moss growing on the roof of a house may be more…