homeowners insurance News

Unwitting Insurers May Be Subsidizing Marijuana Grow Houses

GARDEN GROVE, Calif. — While California has a $1.4 billion legal marijuana market, a black market of perhaps equal size is thriving. Some enterprising growers are working on ways to get home insurers to cover their capital costs. A presentation …

Animal House: Squirrel Wrecks Home, Insurance Won’t Fix it

ATLANTA — An Atlanta couple said they came home from a winter vacation to find their house had been ransacked by an unusual suspect: a squirrel. Kari and Dustin Drees bought their first home last month in Atlanta’s affluent Buckhead …

New InsurTech Offering Brings Free Home Maintenance Visits with Price of Policy

Many insurance carriers offer their customers discounts on smart home products that protect homes from fire, water and theft. Some even contribute free devices to policyholders who are willing to take on do-it-yourself installation projects. A partnership announced Tuesday between …

Homeowners Struggle After California Wine Country Fire

Construction crews have already put up the frame on Cheri Sharp’s new house, but she still questions whether rebuilding was the right choice after California’s most destructive wildfire took her old home in wine country nearly a year ago. She’s …

Wildfires May Make Homeowners’ Insurance in California Harder to Get

California homeowners may find themselves facing insurance headaches even if their houses weren’t affected by this year’s blazes. The California Department of Insurance had already warned this year that the increasing number and severity of wildfires were making it harder …

Fitch: U.S. P/C Personal Lines Results Decline Despite Auto Improvement

Underwriting losses in the U.S. P/C personal lines segment moved higher for the fourth straight year in 2017, though this time another segment drove the increase, according to Fitch Ratings in a new report. Personal lines are the largest major …

California Bill Intended to Clarify Mudslide Insurance

The California Senate approved legislation Thursday that seeks to clarify homeowners’ insurance coverage following deadly mudslides near Santa Barbara. Insurance policies generally cover damage caused by fires but not by mudslides. That creates confusion in cases like the mudslides in …

California Insurance Commissioner’s Authority to Regulate Insurers’ Homeowners RC Estimates

On January 23, 2017, the California Supreme Court ruled that the insurance Commissioner of that state was given the power by the legislature to specify what factors must be covered by replacement cost estimate tools used by insurers in connection …

Floods, Phones Contribute to Assurant Profit Decline

Assurant Inc., the insurer that sells coverage protecting mobile phones and homes, posted the second-biggest decline in the S&P 500 Index after third-quarter profit slumped. The insurer dropped $4.82, or 5.3 percent, to $86.48 at 10:06 a.m. in New York …

Farmers: Fall Home Insurance Claims Tied to Rising Fire, Liability Claims

New claims data released as part of the Farmers Insurance Seasonal Smarts Digest shows the potential for home insurance claims tied to liability and fire should be at the forefront of homeowners’ minds. Farmers data shows that liability- and fire-related …