Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
Miss. Gov. Announces Grants to Help Revitalize Coastal Communities
May 15 2007 // Grants to help with post-Katrina revitalization projects in 15 coastal Mississippi communities totaling more than $97.2 million will help fund projects such as new fire stations in Bay St. Louis, Moss Point, Picayune,...
Expert: Coastal Overdevelopment Will Worsen Fla.’s Insurance Woes
May 15 2007 // Construction of new high-rise developments on vulnerable barrier islands will continue to exacerbate Florida’s property insurance crisis, according to Robert Hartwig, Ph.D., president and chief economist of the...
Coastal Texas Officials Question State’s Ability to Help in Hurricane
May 11 2007 // Texas emergency officials are struggling to assure their local counterparts that the wars in Iraq and Afghanistan won’t damage the state’s ability to respond to a major hurricane striking the Gulf Coast. Local...
Legislation Could Help S.C. Coastal Residents with Insurance
May 10 2007 // Residents on the South Carolina coast could see home insurance costs drop with a bill that received key approval Tuesday in the House. The legislation is part of Insurance Director Scott Richardson’s response to...
Allstate wins 29% statewide rate hike in Miss.; resumes coastal writings excluding wind coverage
May 7 2007 // Mississippi insurance regulators have approved a statewide rate increase of 29 percent for Allstate homeowner policyholders, the Northbrook, Ill.-based insurer reported. The company, in a written statement, attributed the...
COASTAL POPULATION RISING
Apr 23 2007 // TEXAS AG, BERMUDA INSURER Settle $2.1M antitrust suit INSURANCE PLAN FOR LA. Blanco, Donelon promote bills
Coastal population growth contributing to high cost of property coverage
Apr 23 2007 // The U.S. population in hurricane-prone coastal states continues to rise, a trend that is likely to impact adversely the nation’s coastal property insurance market for years to come, according to Dr. Robert Hartwig,...
Coastline populations increasing insurance prices
Apr 23 2007 // The U.S. population residing in hurricane-prone states continues to rise, a trend which is likely to impact adversely the nation’s coastal property insurance market for years to come, according to testimony by Dr....
Allstate Wins 29% Rate Hike in Miss.; Resumes Coastal Writings
Apr 20 2007 // Homeowners on Mississippi’s Gulf Coast face another insurance rate hike in Hurricane Katrina’s aftermath. Mississippi insurance regulators this week approved a statewide rate increase of 29 percent for Allstate...
Industry to Congress: Private Market Is the Best Solution on Natural Disasters, But Some Say Federal Help Needed
Apr 11 2007 // The private insurance marketplace, not the federal government, is the best vehicle to address coastal insurance issues and natural disasters in the U.S., according to insurers. Even so, the federal government can play a...
S.C. expands wind pool to more coastal towns
Apr 9 2007 // A state-run insurance program has been expanded slightly to provide relief for some South Carolina coastal homeowners grappling with skyrocketing premiums, and Gov. Mark Sanford and other lawmakers promised a tax-incentive...
IPCC Report Confirms Widespread Impact of Global Warming
Apr 6 2007 // The Intergovernmental Panel on Climate Change (IPCC) issued its “Fourth Assessment of Working Group II,” which updates past studies and sets forth the “current scientific understanding of impacts of...
S.C. Officals to Hear Consumers’ Coastal Insurance Concerns
Mar 16 2007 // Insurance Director Scott Richardson and staff from the South Carolina Department of Insurance will meet with residents of the Greater Myrtle Beach area to discuss coastal insurance issues. On March 22, 2007 from 5:30-7:00...
La. Isn’t the Only Coastal State With Insurance Troubles
Mar 12 2007 // Eighteen months after the hurricanes, “crisis” is the term everyone uses to describe Louisiana’s insurance problems. The governor spends much of her time begging insurance companies to continue doing...
La. AG Says Contractor Fraud Fugitive Arrested in Fla.
Mar 5 2007 // Attorney General Charles C. Foti, Jr., recently announced that his office has arrested an individual suspected of defrauding numerous homeowners in Orleans, Jefferson and St. Charles Parish who were trying to repair their...
Don’t blame insurance agents for coastal mess
Feb 26 2007 // Over the past several months, a group of legislators from the Rhode Island House of Representatives has been meeting in an effort to understand and respond to the recent drastic — and, in some instances, draconian...
State Farm to Retain Coverage of Some Coastal Ala. Residents
Feb 20 2007 // Approximately 135 homeowners in the Fairhope-Daphne area whose policies were set to be non-renewed by State Farm Insurance are expected to have their coverage retained. Previously, State Farm notified the Alabama...
Maryland Mulls Ways to Keep Insurers from Abandoning Coastal Properties
Feb 15 2007 // Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with...
Study shows Texas economy vulnerable to Cat 3-sized coastal storm
Feb 12 2007 // A study commissioned by the Independent Insurance Agents of Texas (IIAT) shows that the economy of the entire state of Texas would be severely impacted if a Category 3-type hurricane were to hit heavily populated areas of...
Tourism Leaders Urge S.C. to Deal with Coastal Insurance Costs
Feb 9 2007 // South Carolina’s coastal tourism leaders urged Gov. Mark Sanford to make sure insurance is both available and affordable along the coast, the heart of the state’s $16 billion tourism industry. “It’s...
