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‘’ 2014 ‘’ December

Archive for December, 2014

Goodwin orders no insurance increase for North Carolina homeowners

Goodwin orders no insurance increase for North Carolina homeownersNews from WTVD-TV: RALEIGH (WTVD) – North Carolina Insurance Commissioner Wayne Goodwin has ordered a zero-percent statewide overall average change in homeowners insurance rates, effective June 1, 2015. The decision comes after Goodwin held a hearing to examine the insurance companies’ request to raise overall average rates [...]

North Carolina won’t see a homeowners insurance rate hike

North Carolina won’t see a homeowners insurance rate hikeNews from wtkr.com: Kill Devil Hills, N.C. (WTKR) – A proposal to hike the cost of homeowners insurance in North Carolina has been rejected by the North Carolina Department of Insurance. Insurance Commissioner Wayne Goodwin announced his decision on December 18. In early January 2014, the North [...]

Progressive Expands in Home Insurance With Increased ARX Stake

Progressive Expands in Home Insurance With Increased ARX StakeNews from TheStreet.com: NEW YORK ( The Deal) — Car insurance provider Progressive  (PGR) announced on Tuesday that it has agreed to pay $ 875 million for a majority stake in home insurance provider ARX Holding, broadening the insurance company’s offerings and adding a new set of [...]

Debra Daniels Uncovers Interesting Facts about Homeowners Insurance

Debra Daniels Uncovers Interesting Facts about Homeowners InsuranceNews from ThurstonTalk: Ok, you’ve finally taken the plunge and purchased a home.  The mountain of paperwork is behind you and now comes the fun part: unpacking, decorating, and settling in.  While bank-facilitated purchases require the addition of Homeowners insurance to protect their investment, it’s a wise move [...]

Progressive Insurance Acquiring Homeowners Group ASI for $875M

Progressive Insurance Acquiring Homeowners Group ASI for $ 875MNews from Insurance Journal: Auto insurance giant Progressive Insurance is enhancing its homeowners insurance offerings by acquiring controlling interest in a Florida-based group of insurers now selling homeowners, renters, condo, umbrella, flood  and other property/casualty coverages in about half the states nationwide. The Progressive Corp. has agreed [...]

What storm damage does homeowners’ insurance cover?

What storm damage does homeowners’ insurance cover?News from KCRA Sacramento: Insurance experts say don’t assume that homeowners’ insurance policies will automatically cover any and all storm damage. While most of the damage from wind and falling trees is covered, flooding is another matter. Experts say it is important to understand what exclusions are on the [...]

Hydrofracking and Homeowner’s Insurance: How can residents prepare?

Hydrofracking and Homeowner’s Insurance: How can residents prepare?News from Bay Net: Hydraulic fracturing, or fracking, may soon be a reality in Western Maryland, if outgoing Gov. Martin O’Malley’s proposal is approved. O’Malley announced last month that he’s ready to allow natural gas drilling but only if energy companies are strictly regulated. Hydrofracking has caused widespread [...]

‘Consumer-Friendly’ Insurance Laws More Bane than Boon to Homeowners

‘Consumer-Friendly’ Insurance Laws More Bane than Boon to HomeownersNews from The Heartland Institute: Reflexively responding to the 2008 financial crisis, many government regulators moved to reduce the burden of toxic assets in the financial market, after widespread speculation instigated a credit crunch and contributed to the economic slowdown. Many state governments continue to use “consumer [...]

Louisiana Citizens Insurance Policy Count Down 50% from All-Time High

Louisiana Citizens Insurance Policy Count Down 50% from All-Time HighNews from Insurance Journal: Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for Citizens Property Insurance Corp. (Citizens), the state’s insurer of last resort, has dropped by 50 percent from its all-time high in 2008. With this eighth round of the Citizens Depopulation [...]

Recent Storms Have More Residents Considering Flood Insurance

Recent Storms Have More Residents Considering Flood InsuranceNews from CBS Local: WEST SACRAMENTO (CBS13) – You never know when you’re going to need flood insurance. Even if your mortgage lender doesn’t require insurance, this round of storms might have you thinking twice about getting coverage. But many people have questions about if they need it [...]

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