homeowners policies News

Louisiana Special Session to Tackle Insurance Crisis Begins

BATON ROUGE, La. (AP) — As insurers in Louisiana flee the state and residents face exorbitant, and in some cases unaffordable, property insurance costs lawmakers returned to the Capitol Monday for a special legislative session to address the ongoing crisis. …

Few Florida Insurers Compel Arbitration, but Attorneys Say that Will Change

After American Integrity Insurance Co. filed for a binding arbitration endorsement on homeowner policies one year ago, many in the industry expected a wave of other insurers to follow suit as claims litigation costs continued to rise in Florida. So …

‘Ongoing’ Talks About Possible Special Session in Louisiana

BATON ROUGE, La. (AP) — As Louisiana continues to be plagued by insurance woes, with insurers leaving or going out of business in the hurricane-stricken state, some lawmakers say a special legislative session to address the crisis is imminent. Discussions …

Standard Mortgage Clause Effects on Vacancy Restrictions in Homeowner Policies Under Minnesota Law

Generally there are two types of mortgage clauses contained within homeowner policies: (1) a standard mortgage clause; and, (2) an open form mortgage clause. Standard mortgage clauses specify that “the insurance with respect to the mortgagee shall not be invalidated …

Frontline Offers Personal Umbrella Coverage to Florida Homeowners

Frontline Insurance continues the expansion of its homeowner’s product offerings with an umbrella insurance product available to Florida residential customers. The addition of this new product, also called excess liability insurance, provides customers with a single carrier option to cover …