Live Insurance News

Homeowners insurance in Dallas more expensive at State Farm than competition

August 7, 2013August 5, 2013 G. Turner

A recent analysis has revealed that the insurer is charging more for coverage of homes in the area than its rivals. According to the results of an analysis that was just conducted and that involved data regarding the premiums of 32 different homeowners insurance companies in the Dallas areas, State farm – the largest property insurer in Texas – is continuing to charge the highest rates, by a long shot. In fact, the latest figures are showing that the next most expensive are nowhere near as high. The study took…

Homeowners insurance rates at State Farm to decrease in California

February 13, 2013April 30, 2013

It is estimated that the average premiums will drop by 12.6 percent across the state, starting April 15. The largest homeowners insurance company in California has just announced that it will be reducing its rates across the state by an average of 12.6 percent for over one million customers, as of halfway through April. The average customer should expect to see an annual reduction in premiums of about $100 in 2013. The actual drop that will be seen in the rates paid by consumers will vary from one area to…

Homeowners insurance and guns were a top topic for State Farm CEO

January 17, 2013January 17, 2013 Julie Campbell

The ownership of these weapons and their impact on coverage was addressed by Mr. Rust. The topic of gun violence and weapon ownership has become a massive nationwide topic of debate, recently, but the CEO of one of the largest auto and homeowners insurance companies in the United States has now announced that he feels that the subject of safety in the home should enter into these discussions. Among all of the controversy that has been aimed at guns of late, home safety has been relatively untouched. CEO and chairman…

Homeowners insurance could rise by 15 percent for Florida policyholders with State Farm

June 29, 2012April 30, 2013

Third largest home insurer in the state has requested a statewide rate hike to fund intended changes. The third largest homeowners insurance company in Florida, State Farm, has submitted a request to increase its rates by 15 percent in order to pay for changes it hopes to make on the deductibles and discounts to its policies. Some of these alterations include bringing back or increasing various types of discounts. According to the company, these changes will require an average statewide increase in homeowners insurance policy rates by 14 percent, with…

Higher insurance and reinsurance prices may be linked to new RMS catastrophe model

December 19, 2011 Marc

State Farm customers in northeastern Louisiana may soon be paying more for their homeowners insurance as the company looks to state regulators for approval of a rate increase of 19.5%. The insurer claims that higher rates are the result of recent fires, tornados and other natural disasters occurring in the state. Insurance Commissioner Jim Donelon says that he has never before experienced such a steep increase in insurance rates, especially in the northern part of the states that are not often subject to such rate increases. The rate at which…

Is your dog’s breed to aggressive to be covered by your homeowners’ insurance?

November 19, 2011November 18, 2011 Marc

For many years, dog owners and insurance companies have been battling it out over claims because some insurers maintain a restricted list of breeds that will not be covered by homeowners’ insurance due to a perception of their tendencies toward aggression. Since it is technically possible for a dog of any breed to bite hard enough to lead to an injury, legislation in many states includes a specific definition of what constitutes a dangerous dog, and regulations for maintaining that animal. This has made it possible for a dog to…

Homeowners may see less coverage following changes made by State Farm

September 14, 2011May 8, 2013

State Farm has announced that it will be making changes to the deductibles in its homeowner insurance, and consumer advocates are concerned that this will decrease the amount that will be paid on consumers’ claims. The insurer also released a notice to insurance regulators in Texas, stating its intentions to increase homeowner insurance rates, starting in October, by an average of 9.6 percent. State farm is the largest insurer in the state. It also announced that, starting in December, it would be moving all of its current customers over to…