Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 1 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of...
Economic Outlook for Coastal Mississippi, Alabama Brightens
Oct 8 2009 // The economic outlook should brighten in 2010-2011 for the Mississippi and Alabama coasts, but that’s not the case for the New Orleans area, an economist said this week at a regional economic forum. Lack of business...
Antarctic, Greenland Coastal Ice Thinning Surprises Experts
Sep 24 2009 // Scientists are surprised at how extensively coastal ice in Antarctica and Greenland is thinning, according to a study on Wednesday that could help predict rising sea levels linked to climate change. Analysis of millions of...
Army Engineers Recommend $1.2 Billion Coastal Plan for Mississippi
Sep 22 2009 // An Army Corps of Engineers’ report is recommending a $1.2 billion coastal restoration plan for Mississippi. William Walker, director of the Mississippi Department of Marine Resources, called this a “significant...
North Carolina Coastal Broker Ready to Ride Beach Plan Reform Wave
Sep 21 2009 // Hanover Excess Sees State Pool Changes A Boost For Business Still Recovering From Recession, Soft Market The Web site for Hanover Excess (www.hanoverxs.com) proclaims that the people at this North Carolina excess and...
It Was No Katrina But Some in Coastal America Remember Ivan’s Terror
Sep 17 2009 // People who lived through Hurricane Ivan can’t forget the haunting images left by one of the strongest storms ever recorded: condo towers collapsed in roiling surf, splintered homes or flat slabs, fragments of...
Gulf Coast Construction ‘Woefully Inadequate’ to Survive Storm Flooding
Sep 17 2009 // Government minimum flood elevation requirements for properties vulnerable to storm surge throughout the Gulf Coast region are “woefully inadequate,” according to a new study of property damage caused by...
Ike Study: Hurricane Storm Surge a Threat to More Coastal Properties
Sep 14 2009 // Government minimum flood elevation requirements for properties vulnerable to storm surge throughout the Gulf Coast region are woefully inadequate, according to a new study of property damage caused by Hurricane Ike, which...
E&S Brokers Look for Rays of Light at the End of the Tunnel
Sep 7 2009 // Flat Economy, Persistent Soft Markets Have Forced Leaner Business Models, More Automation A poor economy, natural catastrophes and an extended soft market have all combined to nip growth in the excess and surplus lines...
Coastal Home Owners Face Huge Losses from Rising Seas
Sep 3 2009 // Australians Lesley and Doug McGrath have for decades battled ocean swells that have eaten away at the backyard of their multi-million dollar Sydney home. They bought an old beach shack on Collaroy Beach in 1976 and...
Mississippi Insurance Chief Criticizes State Farm’s 45% Coastal Rate Hike
Aug 25 2009 // State Farm is looking to raise coastal homeowners insurance rates in Mississippi an average 45 percent but the state regulator isn’t very receptive to the idea. “I am not going to approve the present...
Mississippi Commissioner Offers Alabama Advice on Coastal Insurance
Aug 14 2009 // The keys to holding down insurance premiums on the Alabama coast are strong enforcement of building codes, proper land use and mitigating homes against future disasters, Mississippi Insurance Commissioner Mike Chaney told...
Agents, Meteorologists Gear Up for Annual Texas Hurricane Tour
Aug 10 2009 // For the fourth year in a row insurance spokesmen will team with meteorologists from the National Weather Service and independent insurance agents to warn Texas coastal residents of the potential dangers of hurricanes. This...
Texas Enacts Windstorm Insurance Reforms; Will They Be Enough?
Jul 30 2009 // During the recently completed 81st Legislative Session, the Texas legislature adopted the most significant reforms to the Texas Windstorm Insurance Association (TWIA) since 1997 with the passage of House Bill 4409 (HB...
North Carolina House Committee Approves Cut in Beach Plan Insurance
Jul 13 2009 // A North Carolina House committee seeking a fix for an underfunded coastal insurance program has backed cutting the current coverage maximum of $1.5 million per home by half. The House Finance Committee rejected a bid to...
North Carolina Looks for Coastal Insurance Fix
Jul 6 2009 // As Florida has been confronting its state’s underfunding for catastrophes, North Carolina is also grappling with how to fill the gap between potential liabilities and available monies for its market of last resort...
North Carolina Coastal Insurance Fix Would Alter Deductibles, Limits
Jun 29 2009 // North Carolina legislators started grappling last week with how to beef up the state-created but underfunded insurance program for coastal property, and immediately confronted the possibility that all of the state’s...
All North Carolina Homeowners Could Pay If Insurers, Beach Plan Fall Short
Jun 24 2009 // Every insured homeowner in North Carolina could shoulder the cost of rebuilding if a massive hurricane hits under a deal taking shape in the Legislature. The legislation (HB1305), expected to be detailed in a House...
WKF&C Adds E&S Coastal Wind Coverage in 4 New England States
Jun 4 2009 // Melville, New York-based managing general agent WKF&C Agency Inc. if offering an expanded coastal wind facility for E&S property lines in four New England states. The expansion adds extra capacity for risks...
Palisades Partners with NBIC to Offer New Jersey Coastal Coverage
Jun 3 2009 // Palisades Safety and Insurance Management Corp. and Narragansett Bay Insurance Co.(NBIC) have entered into an agreement allowing NBIC to offer coastal home insurance renewal quotes to former customers of Proformance...
