Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
Report: Global Warming to Worsen Coastal Insurance Woes
Nov 5 2007 // Homeowners and businesses are finding it harder to afford, or even obtain, insurance in coastal states after catastrophes such as Hurricane Katrina, and global warming is going to make the situation worse, according to a...
States under cover
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
Liberty Mutual to Re-quote 3,305 Dropped Coastal Home Policies in N.Y.
Nov 1 2007 // Some 3,305 coastal residents in New York whose homeowners insurance policies had not been renewed by Liberty Mutual partly because they did not have other policies with the company – such as life or automobile...
Head of Ala. Teachers Group Concerned About Coastal Insurance Bill
Oct 22 2007 // The head of Alabama’s teachers’ organization is concerned that legislation designed to improve the availability of insurance along the Alabama coast could have another effect – eliminating tax dollars for...
Agents Fear N.Y. Coast Insurance Market Worse; Pols Weigh Options
Oct 11 2007 // New York lawmakers are considering taking action to improve coastal insurance availability while insurance agents are telling them they fear market restrictions are worsening. Insurance companies, meanwhile, claim the...
Proponents push plans for natural catastrophe insurance solutions
Oct 8 2007 // The need for solutions to address insurance costs and availability in natural catastrophe-vulnerable U.S. coastal regions — including a federal safety net — was the general theme at a public hearing in Mobile,...
Mass. warned on coastal development and insurance
Oct 8 2007 // A major hurricane making landfall in Massachusetts could cause billions of dollars worth of property damage while also severely straining the resources of the state’s residual homeowners’ insurance market, the...
News Currents
Oct 8 2007 // Proponents push plans for natural catastrophe insurance solutions Federal backstop proposals aired at NAIC public hearing in Alabama The need for solutions to address insurance costs and availability in natural...
No Consensus for Alabama Special Session on Coastal Insurance
Oct 2 2007 // Alabama legislators unveiled a law designed to help the Gulf Coast real estate industry and coastal homeowners hit by high insurance rates but Gov. Bob Riley said there is no current consensus to address it in a special...
Actuaries Oppose Wind Addition to National Flood Insurance
Sep 28 2007 // The National Flood Insurance Program is over $17 billion in debt according to the American Academy of Actuaries, adding further anxiety to a proposal to add wind peril coverage to the national plan. While the U.S. House of...
Alabama Hearing Highlights Catastrophe Plan Options
Sep 26 2007 // Whether the nation needs a federal or other governmental program to deal with insurance costs and availability for natural catastrophes in U.S. coastal states was the central question at a public hearing in Mobile, Ala.,...
Alabama realtors call for coastal insurance relief
Sep 24 2007 // Owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums and insurance legislation to make coverage available and affordable on the coast...
Alabama realtors call for coastal insurance relief
Sep 24 2007 // Owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums and insurance legislation to make coverage available and affordable on the coast...
La. Commissioner to Co-Host Hearing on Coastal Insurance Issues
Sep 21 2007 // Louisiana Commissioner of Insurance Jim Donelon and state regulators from Alabama, Florida, Mississippi and South Carolina will host a public hearing Sept. 24 on insurance issues affecting the Gulf Coast. The event is...
Commissioners to Hold Coastal Issues Public Hearing in Alabama
Sep 21 2007 // National Association of Insurance Commissioners (NAIC) President and Alabama Insurance Commissioner Walter Bell, along with other members of the NAIC’s Southeastern Zone, is holding a public hearing to address...
Mass. Warned About Coastal Development and Insurance
Sep 20 2007 // A major hurricane making landfall in Massachusetts could cause billions of dollars worth of property damage while also severely straining the resources of the state’s residual homeowners’ insurance market, the...
Insurers Call on N.C. to Strengthen Coastal Building Code Requirements
Sep 11 2007 // In testimony today before the North Carolina Building Code Council, the American Insurance Association urged that stronger hurricane resistant construction standards be required for all areas of the coast vulnerable to...
Atlantis Effect? Rising Sea Level Worries Wash. Shoreline Areas
Sep 5 2007 // Washington’s low-lying capital city is a bit nervous in planning a new $38 million City Hall near the shoreline of Puget Sound, fearing that global warming and rising waters could submerge much of the downtown in...
Ala. Coast Condo Industry Pushes for Action on Rising Insurance Rates
Sep 4 2007 // As Labor Day tourists take an end-of-summer beach trip, owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums. Insurance legislation aimed at...
Southern governors hear from insurance execs on coastal coverage
Sep 3 2007 // Southern governors and insurance executives met late last month in Biloxi, Miss., about the challenges of keeping insurance coverage in coastal areas that are vulnerable to hurricanes, but they reached no consensus on how...
