Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
Coastal Insureds, Insurers Brace for Start of New Hurricane Season
Jun 1 2009 // As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and...
Coastal Insurance Rates Could Rise if Federal Tax Law is Enacted
May 21 2009 // As it girds for hurricane season, Texas has plenty to worry about. The Texas Windstorm Insurance Association (TWIA) – which provides coverage for high risk coastal properties – has ended up at the brink of...
North Carolina Judge Clears Way for Home Insurance Rate Changes
Apr 30 2009 // A Wake County judge has cleared the way for homeowners insurance rates to drop in nearly three dozen western North Carolina counties and soar along the coast starting Friday. Superior Court Judge Ronald Stephens this week...
North Carolina Coastal Insurance Rates to Rise May 1
Apr 23 2009 // Homeowners in 18 coastal North Carolina counties whose homes are insured by a state-backed insurance pool shouldn’t expect a delay of higher rates taking effect May 1. A powerful state legislator said a comprehensive...
Insurers, Environmental Advocates Urge Changes to Protect U.S. Coastlines
Apr 23 2009 // A coalition of insurers, public officials, risk experts, builders and conservation groups introduced a blueprint of policy changes and common sense actions that could reduce economic losses from future storms and rising...
Chubb Alters Wind Coverage Offer in Southern Florida Coastal Counties
Apr 15 2009 // Chubb Personal Insurance has notified its agents it is no longer including wind coverage in Masterpiece homeowners insurance policies for new customers in 14 Southeast and Southwest coastal counties in Florida. The...
Judge Orders State To Rework North Carolina Beach Plan Hikes
Apr 6 2009 // A Wake County judge has ordered North Carolina Insurance Commissioner Wayne Goodwin to reconsider deductible and surcharge increases for coastal homeowners in the state insurance pool called the Beach Plan. Wake County...
Judge Blocks Some North Carolina Beach Plan Price Hikes, Orders Redo
Mar 25 2009 // A Wake County judge has ordered new North Carolina Insurance Commissioner Wayne Goodwin to reconsider deductible and surcharge increases for coastal homeowners in the state insurance pool called the Beach Plan. Wake County...
Coastal Insurance Legislation Facing Test in Alabama
Mar 12 2009 // Coastal insurance bills face a test in the Alabama Legislature. The House and Senate Banking and Insurance committees met in joint session on Wednesday to take up legislation aimed at providing relief to homeowners along...
Mississippi’s Rep. Taylor Renews Push for Federal Wind Insurance Policy
Mar 10 2009 // Rep. Gene Taylor, D.-Miss., isn’t letting opposition by major insurance companies keep him from pushing his plan to make wind coverage for properties available through the federal flood insurance...
North Carolina’s Goodwin Warns Against Coastal Rate Freeze
Mar 9 2009 // Legislative efforts to freeze insurance rate increases for coastal homeowners risk making policies less available and more costly for all state residents, North Carolina’s new insurance commissioner has warned. Such...
North Carolina Insurance Chief Warns Against Coastal Rate Freeze
Feb 25 2009 // Legislative efforts to freeze big insurance rate increases for coastal homeowners risk making policies less available and more costly for all state residents, North Carolina’s new insurance commissioner said. Such...
North Carolina Urged to Reduce Beach Plan Coverage, Cap Insurers’ Liability
Jan 23 2009 // North Carolina’s state-sanctioned property insurance program at the coast should reduce its maximum property policy coverage to relieve its potential liability in a massive hurricane, a legislative study committee...
North Carolina Agrees to 4% Home Rate Hike
Jan 11 2009 // North Carolina Insurance Commissioner Jim Long has agreed to permit homeowners insurance companies to hike their rates an overall statewide average of 4.05 percent beginning May 1. This is below the statewide increase than...
2008: Top Stories of the Year
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
2008: A Year of Financial Storms
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
South Carolina Coastal Residents Feel Effects of Mini-Earthquake
Dec 18 2008 // A weak earthquake shook parts of the South Carolina coast Tuesday, tipping over people’s Christmas trees, knocking pictures off walls and causing minor injuries. The temblor with a preliminary magnitude of 3.6 was...
Insurers Urge Surcharges, Reforms to Fix North Carolina Beach Plan
Dec 3 2008 // Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to...
New Alabama Commissioner Ridling Looking at Coastal Options
Nov 30 2008 // Alabama Gov. Bob Riley’s new insurance commissioner said the administration is considering its options to help coastal property owners struggling with high premiums and lost coverage in the wake of hurricanes,...
A Good Win in North Carolina for Experience
Nov 30 2008 // New Chief Plans a Blog, Statewide Agent Meetings and a Solution for Coastal Property Owners and Insurers On Nov. 4, Democrat Wayne Goodwin won election as North Carolina Insurance Commissioner with 52 percent of the vote,...
