Live Insurance News

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…

Allstate net income tumbles for third quarter after payouts for natural disasters

November 2, 2011 H. Cutner

Following the $1.08 billion payout by Allstate Corp. for natural disaster claims, the net income for the company’s third quarter fell by 55 percent. Equally, the insurer also said that its investment results were better, and that its auto insurance segment profits assisted in offsetting some of the losses resulting from this year’s storms. Overall, it saw a $165 million net income, which translates to 32 cents per share, when compared with the figures in 2010 which were 68 cents per share and a net income of $367 million. Allstate…