Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
Alabama Senate Leader Calls for Special Session on Coastal Insurance
Feb 8 2007 // Alabama Senate President Pro Tem Hinton Mitchem urged the governor to consider calling the Legislature into special session to address insurance cancellations and skyrocketing costs along the Alabama coast. “The...
Study Shows Texas Economy Vulnerable to Cat-Sized Coastal Storm
Jan 31 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...
Windstorm expected to be major insurance issue for Texas lawmakers
Jan 29 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...
Windstorm expected to be major insurance issue for Texas lawmakers
Jan 28 2007 // Funding for the Texas Windstorm Insurance Asso-ciation (TWIA) may not be the only insurance issue on lawmakers’ plates during the 2007 session of the Texas Legislature, but it will likely be the most high profile...
Insurers, agents worry Conn. coastal rules could make matters worse
Dec 25 2006 // Insurers aren’t happy and agents are worried about new restrictions on coastal property underwriting being imposed by Connecticut Insurance Commissioner Susan Cogswell in a reversal of her previous policy. They warn...
Insurers, agents worry Conn. coastal rules could make matters worse
Dec 24 2006 // News Currents Insurers aren’t happy and agents are worried about new restrictions on coastal property underwriting being imposed by Connecticut Insurance Commissioner Susan Cogswell in a reversal of her previous...
Allstate Adds Maryland Coast to Its ‘No New Business’ List
Dec 22 2006 // Citing concerns that a warmer Atlantic Ocean will lead to more strong hurricanes hitting the region, Allstate Corp. will stop writing homeowners’ policies in coastal areas of Maryland. Starting in February, the...
Conn. pursues loss mitigation, market alternatives for coastal homes
Dec 11 2006 // Home insurers in Connecticut may no longer require permanently installed storm shutters as a condition for writing or renewing policies but must offer consumer choices of loss mitigation controls and deductibles, according...
Conn. Coastal Rules Could Make Matters Worse, Warn Insurers
Dec 7 2006 // Insurers aren’t happy with new restrictions on coastal property underwriting being imposed by Connecticut Insurance Commissioner Susan Cogswell in a reversal of her previous policy and they warn that the rules could...
Insurance Costs Cited as S.C. Coastal Housing Prices Dip
Dec 5 2006 // The Grand Strand housing market in Myrtle Beach, South Carolina is showing its first sign of price declines and one economist says increases in insurance costs are largely to blame. The median price of resale condos fell...
Conn. Clamps Down on Shutters; Seeks Coastal Policy Alternatives
Dec 5 2006 // Home insurers in Connecticut may no longer require permanently installed storm shutters as a condition for writing or renewing policies but must offer consumer choices of loss mitigation controls and deductibles, according...
Fitch Says Coastal Commercial Real Estate Values May Suffer
Dec 5 2006 // Despite the light 2006 hurricane season U.S. commercial real estate values in coastal areas still may suffer as insurance companies continue to minimize their exposure windstorm insurance coverage, according to a special...
IIAT survey finds coastal insurance market tighter; more expensive
Nov 20 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Alabama mayor resigns to join coastal captive
Nov 20 2006 // Foley, Ala., Mayor Tim Russell has resigned with two years remaining in his term in order to serve on a planned coastal insurance captive for south Alabama. Russell, who owns an insurance agency and became mayor about 12...
Commercial premiums, except coastal property, continue to fall
Nov 20 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...
Alabama mayor resigns to join coastal captive
Nov 19 2006 // Foley, Ala., Mayor Tim Russell has resigned with two years remaining in his term in order to serve on a planned coastal insurance captive for south Alabama. Russell, who owns an insurance agency and became mayor about 12...
IIAT survey finds coastal insurance market tighter; more expensive
Nov 19 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...
Commercial premiums, except coastal property, continue to fall
Nov 19 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...
ABI Study Warns of Increased Flood Risk in Eastern U.K.
Nov 10 2006 // The Association of British Insurers (ABI) has issued a new report that warns of the dangers of increased flooding in Eastern England. Among other findings, the report, which was compiled using data supplied by Calif.-based...
Alabama Mayor Resigns to Join Coastal Insurance Agency
Nov 8 2006 // Foley Mayor Tim Russell resignedthis week with two years remaining in his term and will serve on a planned coastal insurance agency for south Alabama. Russell, who owns an insurance agency and became mayor about 12 years...
