Insurers may drop thousands of homeowners as moratorium ends
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Come Dec. 1, many Floridians may find an unwelcome piece of mail interspersed between bills, holiday catalogs and greeting cards: a non-renewal or cancellation letter from their insurers.
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The officials said the plan would call for the Federal Housing Administration to change its federal mortgage insurance program in a way that would let an additional 80,000 homeowners with spotty credit records sign up.
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The rising cost of homeowner's insurance, a simmering problem on Cape Cod for two years, is approaching the boiling point up and down the Massachusetts coast, according to insurance agents and state lawmakers.
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Bank of America Corp  on Thursday said it will stop offering home mortgages through brokers by the end of the year, resulting in a loss of 700 jobs, so that it may focus on lending directly to consumers.
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-- State Farm Insurance Cos. is suspending sales of any new commercial or homeowner policies in Mississippi starting Friday, citing in part a wave of litigation it has faced since Hurricane Katrina, a company official said Wednesday.
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Reduced coverage means the hurricane's impact on insurance companies will be muted. And that is fostering anger among some politicians in Florida.
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Thousands of Medicaid recipients, in limbo for months as to whether they will lose health coverage, received another reprieve Thursday as lawyers for Medicaid and the governor&#39;s office
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TORRID times for with-profits policyholders are far from over. And, if concessions from life insurance giants are to be heeded, it could be all downhill from here.
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The market has been shaken by uncertainty surrounding bond insurers and whether they will be able to handle large losses in the value of mortgage-backed bonds.
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Utilities and insurance companies are expected to try to recover massive expenses from the recent hurricanes, and consumers could be the ones who pay.
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Many homeowners in the Orlando area suffered a double blow when hurricanes Charley and Frances struck in quick succession. Now, they&#39;re smarting from a financial one-two punch - two insurance deductibles.
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Investors looking for safety from declines in the mortgage and corporate bond markets may find it in the path of a hurricane.
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After Hurricane Ivan pummeled a wide swath of land along the Gulf of Mexico Thursday, some U.S. insurers swamped by the third major hurricane of 2004 might find their profits gone with the wind.
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Association of British Insurers warns that cover may not be offered to up to 1m homes built on floodplains
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The market's turmoil may be especially unsettling for middle-aged homeowners.
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You may not have to pay as much as you're paying to protect your home.
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The decision not to apply the watershed ruling to past cases has the potential to shut out thousands.