Insurance

Public Meetings Will Explain New Flood Insurance Options Available to Washington County Property Owners

December 21, 2012 Posted by

December 21, 2012 – (RealEstateRama) — Washington County flood insurance questions will be addressed at five public meetings in Waterbury, Barre City, Northfield, Marshfield, and Montpelier. The meetings will focus on newly revised flood hazard maps a…

Governor Cuomo Announces Banks and Mortgage Servicers to Expedite Insurance Payments to Homeowners

December 12, 2012 Posted by

Albany, NY – December 12, 2012 – (RealEstateRama) — Governor Andrew M. Cuomo today announced that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners. Currently, insurance claim checks must be endo…

Apartment Insurance Costs Increase for the Second Consecutive Year According to National Multi Housing Council Report

December 12, 2012 Posted by

WASHINGTON, DC – December 12, 2012 – (RealEstateRama) — The cost to insure apartments increased by 9.5 percent between 2011 and 2012, marking the second consecutive year of rising insurance expenditures according to the National Multi Housing Council’s (NMHC) Apartment Cost of Risk Survey (ACORS). The survey covers data from more than one million apartment units, the largest number of units covered by the survey to date, operated by 55 apartment firms, tracking three principal components of insurance premiums: property, general liability and workers’ compensation. The 9.5 percent increase in 2012 came entirely from property risk costs, with general liability and workers’ compensation costs staying virtually unchanged from 2011.

Seven Things All Homeowners Should Know About Their Homeowners Insurance Policies

December 10, 2012 Posted by

Washington, D.C. – December 10, 2012 – (RealEstateRama) — Reviewing a homeowners’ insurance policy can be challenging, but with more insurers inserting provisions to shift risk and costs to homeowners, a careful read is more important than ever. To help with the process, the Consumer Federation of America (CFA) and United Policyholders (UP) released a list of the top seven things that all homeowners should know about their policies.

Commercial/Multifamily Mortgage Delinquency Rates Down in Third Quarter

December 6, 2012 Posted by

WASHINGTON, D.C. – December 6, 2012 – (RealEstateRama) — Delinquency rates decreased for commercial and multifamily mortgage loans in the third quarter, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

MAYOR BLOOMBERG DISCUSSES THE CITY’S ONGOING EFFORTS TO HELP RESIDENTS AND HOMEOWNERS RECOVER FROM HURRICANE SANDY IN WEEKLY RADIO ADDRESS

December 3, 2012 Posted by

New York, NY – December 3, 2012 – (RealEstateRama) — “With winter at hand, we’re intensifying our efforts to help all the New Yorkers still suffering from Hurricane Sandy. Last week, we took new steps to protect thousands of New Yorkers who still …

Congresswoman Matsui Introduces Legislation to Allow Homeowners in a Flood Zone to Rebuild Following a Catastrophe

November 30, 2012 Posted by

WASHINGTON, D.C. – November 30, 2012 – (RealEstateRama) — Today, Congresswoman Doris Matsui (D-CA) introduced legislation to help homeowners who live in FEMA Special Flood Hazard Areas and whose homes have sustained major damage from a fire or other u…

In Wake of Superstorm Sandy, New York Should Protect Consumers from Reduced or Denied Claims, Take Steps to Develop Comprehensive Homeowners Insurance Reform

November 30, 2012 Posted by

Washington D.C. – November 30, 2012 – (RealEstateRama) — In response to Governor Cuomo’s request for strategies to ensure that the State of New York is resilient in the face of future natural disasters, the Consumer Federation of America (CFA) called for state regulators to immediately identify coverage gaps that could result in consumer frustration and to adopt policies that clarify coverage and prevent unjustified denial of claims.

FHA ISSUES GUIDANCE TO HELP FHA-INSURED FAMILIES IN DISASTER AREAS

November 29, 2012 Posted by

WASHINGTON, DC – November 29, 2012 – (RealEstateRama) — The Federal Housing Administration (FHA) recently published guidance to help families with FHA-insured mortgages struggling to repair or rebuild their homes in the wake of major disasters like Hurricane Sandy. FHA’s mortgagee letter reinforces the agency’s longstanding policy of extending foreclosure relief and directs lenders to release insurance proceeds to borrowers rather than to apply those payouts to bring delinquent mortgages current.

Deadline Extended Again for Isaac-Related Flood Insurance Claims in Louisiana

November 22, 2012 Posted by

BATON ROUGE, LA – November 22, 2012 – (RealEstateRama) — Louisiana property owners with flood insurance policies whose homes or other structures were damaged during Hurricane Isaac have an additional 60 days to file claims for their flood-related loss…

Will Breezy Point’s Firefighters Who Lost Their Homes to Fire During Superstorm Sandy Have Their Fire Insurance Claims Denied?

November 20, 2012 Posted by

Washington, D.C. – November 20, 2012 – (RealEstateRama) — When Superstorm Sandy battered the East Coast with high winds and a massive storm surge, 111 homes in the Queens, New York neighborhood of Breezy Point were destroyed by a fast-spreading fire. First responders, including firefighters, owned a significant number of these homes.

Christie Administration Announces That Department of Banking and Insurance Will Staff Mobile Offices Thursday to Provide Information and Take Consumers’ Complaints

November 14, 2012 Posted by

Trenton, NJ – November 14, 2012 – (RealEstateRama) — To assist consumers who have suffered property loss as a result of Hurricane Sandy, the Christie Administration announced today the Department of Banking and Insurance will have staff members availa…

After Superstorm Sandy, State Insurance Regulators Must Protect Consumers From Unjustified Out-of-Pocket Costs.

November 8, 2012 Posted by

Washington D.C. – November 8, 2012 – (RealEstateRama) — Governors of nine states and the mayor of Washington D.C. moved quickly to protect consumers from high insurance deductibles associated with their wind damages claims caused by Superstorm Sandy. Today in a letter to elected officials the Consumer Federation America warned that state insurance regulators must closely monitor how insurance companies determine claims deductibles to ensure that consumers are not subject to unjustified, higher out-of-pocket costs.

NEW FLOOD MAPS SHOW CURRENT RISKS IN SANTA FE COUNTY, NEW MEXICO

November 6, 2012 Posted by

DENTON, TX – November 6, 2012 – (RealEstateRama) — Santa Fe County, New Mexico, homeowners, business and residential renters and business owners who do not have flood insurance are encouraged to buy coverage now to get the best possible premiums befor…

Christie Administration Takes Action to Protect Storm-Impacted New Jersey Homeowners from Higher Insurance Deductibles

November 2, 2012 Posted by

Trenton, NJ – November 2, 2012 – (RealEstateRama) — Taking action to save homeowners money following Hurricane Sandy, Governor Chris Christie signed Executive Order 107, prohibiting insurance companies from imposing costly hurricane deductibles on New…

Governor Cuomo Announces Homeowners Will Not Have to Pay Hurricane Deductibles

November 1, 2012 Posted by

Albany, NY – November 1, 2012 – (RealEstateRama) — Governor Andrew M. Cuomo today announced that New York homeowners will not have to pay potentially large hurricane deductibles on insurance claims stemming from damage caused by Monday’s storm.

Ohio’s Auto and Homeowners Rates Among Lowest in the Country

October 19, 2012 Posted by

COLUMBUS, OH – October 19, 2012 – (RealEstateRama) — Lieutenant Governor and Department of Insurance Director Mary Taylor announced Ohio’s 2011 average auto and homeowners insurance rates were again among the most competitive in the United States. T…

DOBI Offers Consumers a Guide to Understanding their Homeowners and Renter’s Insurance Policies

October 1, 2012 Posted by

Trenton, NJ – October 1, 2012 – (RealEstateRama) — Recent disasters such as Tropical Storm Irene, the wildfires in southern New Jersey and the apartment building fire in Woodbridge all call attention to the vital role that homeowners and renter’s in…

Welcome Home New York! Rochester A Success

October 1, 2012 Posted by

New York, NY – October 1, 2012 – (RealEstateRama) — On Saturday, September 15th, the State of New York Mortgage Agency – SONYMA, hosted its second “Welcome Home, New York” event for first-time homebuyers at Asbury First United Methodist Church in Down…

Overall Satisfaction with Homeowners Insurance Companies Reaches An All-Time High Due to Policy Bundling

September 27, 2012 Posted by

WESTLAKE VILLAGE, CA – September 27, 2012 – (RealEstateRama) — Satisfaction improves among customers who bundle other policies with their homeowners policy, contributing to higher overall customer satisfaction with homeowner insurance companies, according to the J.D. Power and Associates 2012 U.S. National Homeowners Insurance StudySM released today

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