Homeowners Insurance News

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Hazard Insurance With Its Own Perils - Fair Game A costly type of coverage, imposed on home buyers who have let insurance lapse, is the subject of a widening investigation in New York State.

Big Banks Facing Inquiry Over Possible Insurance Fraud New York State is investigating whether several banks fraudulently steered homeowners into overpriced policies.

Decoding the Wide Variations in House Appraisals Appraisals seem just as subjective now as when the market was moving up. Why is the process so opaque? I set out to try to figure that out.

Hurricane Cost Seen as Ranking Among Top Ten Hurricane Irene will most likely prove to be one of the 10 costliest catastrophes in the nation’s history.

Extra Insurance Can Protect Those Diamonds and Pearls Home insurance policies are probably not adequate to cover the loss or theft of jewelry.

Insurers Shift Cost Burdens to Homeowners After years of taking losses on home insurance, insurers are increasingly making homeowners responsible for repairs and reconstruction.

Fires’ Cost to Insurers Is in Range of $1 Billion The California wildfires are going to cost only a fraction of the $41.1 billion that insurance companies paid out for Hurricane Katrina.

Allstate to Pare Home Policies Near Shore Allstate Insurance Group mails notices to policyholders in parts of New York City and Nassau, Suffolk and Westchester Counties, telling them it plans to reduce its business in coastal areas vulnerable to what company sees as increased danger of devastating hurricane; says it will not write new policies or renew some old policies about to expire; Allstate Group is state's largest provider of homeowners' insurance

COMPANY NEWS; ALLSTATE HALTS MOST HOME INSURANCE SALES IN FLORIDA Edward Liddy, Allstate Corporation chmn, says company stopped selling new homeowner insurance in most Florida counties because it had $1.1 billion in hurricane-related costs this year and state is discussing laws that might increase expenses after future storms

Metro Briefing | New Jersey: Trenton: Little Home Insurance For the Poor, Study Finds New Jersey Citizen Action study shows that many of those living in New Jersey's poorest cities are not able to get homeowners insurance

Home Insurers Appeal Rate Cuts in Texas Property insurers State Farm Mutual Automobile Insurance, Allstate and Farmers Group file appeal of June Texas state order reducing homeowner rates by 16 percent

COMPANY NEWS; PRUDENTIAL SELLING TWO INSURANCE UNITS Prudential Financial Inc sells its auto and homeowners' insurance businesses to Liberty Mutual Insurance Group and Palisades Safety and Insurance Assocition for $673 million; Palisades is buying Prudential's New Jersey business for $260 million; Liberty Mutual is buying operations in 47 other states and District of Columbia for $413 million in notes

Home Insurer Reaches Deal With Texas, Ending Suit Texas officials and Farmers Insurance Group, which had threatened to drop 700,000 homeowner policies, reach settlement to end lawsuit charging company with deceptive practices; insurer will pay $100 million in restitution, refunds and rate reductions

Insurance Bills Provoke Sticker Shock Insurance premiums for apartment building owners and tenants are up 30 percent nationwide and some 66 percent for many New York City buildings as insurers, facing some $50 billion in claims from World Trade Center terrorism, seek to rebuild reserves; industry analysts say owners of private homes, particularly in suburbs, will not be as hard hit, although other factors will also push up premiums; photos

Insurance Cost To Homeowner Climbs Sharply insurance cost to homeowner climbs sh

Cached at: 2/4/2012 4:07:26 PM