Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
Commercial Premiums, Except Coastal Property, Continued Falling in 3Q
Nov 7 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...
Survey: Commercial market softens, insurer appetite increases
Nov 6 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Survey: Commercial market softens, insurer appetite increases
Nov 5 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
IIAT Survey Finds Texas Coastal Insurance Market Tighter; More Costly
Oct 31 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...
Western Security Surplus adds Texas Coastal Property Coverage
Oct 30 2006 // Ron Klimek, vice president and Dallas branch manager, announced that Western Security Surplus has increased capacity to write coastal property coverage in Texas, including wind and hail, Tier 1 and 2 counties. The property...
Alabama coastal property owners face more insurer restrictions
Oct 23 2006 // Two of the Alabama’s largest insurance firms said they’re reducing coverage and increasing deductibles in Mobile and Baldwin counties, citing frequent hurricanes, coastal construction growth, lack of strong...
Farmers to Double Coastal Rates in La., Lower Premiums in the North
Oct 20 2006 // Louisiana regulators on Oct. 18 approved rate increases for Farmers Insurance Exchange, ensuring that prices for the company’s homeowner policies across coastal Louisiana will nearly double early next year. The...
Delaware Warns Consumers of Coastal Coverage Woes; Ups FAIR Plan Limits
Oct 19 2006 // Delaware Insurance Commissioner Matt Denn warned consumers about some expected restrictions from homeowners insurance companies for coastal area homes, although he said he does not believe they will be as severe as other...
Survey: Commercial Market Softens, Insurer Appetite Increases
Oct 19 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...
Ala. Coastal Property Owners Facing More Insurer Restrictions
Oct 10 2006 // More insurance cutbacks for Alabama coastal properties — not only for buildings and homes near the beaches — are coming in the wake of 2004 and 2005 hurricanes. Two of the state’s largest insurance firms said...
Most Americans favor mitigation policies while opposing subsidies for high risks
Sep 25 2006 // Most Americans favor public policies that could help to mitigate the damage caused by catastrophic natural disasters before they happen, but many Americans remain unprepared for a disaster in their own homes and...
Most Americans favor mitigation policies while opposing subsidies for high risks
Sep 25 2006 // Most Americans favor public policies that could help to mitigate the damage caused by catastrophic natural disasters before they happen, but many Americans remain unprepared for a disaster in their own homes and...
Conn. Agents: Coastal Markets Tough But Insureds Getting Coverage
Sep 22 2006 // About three-quarters of the 21 agents writing Connecticut coastal business say homeowners insurance markets are either “worse” (43 percent) or “much worse” (33 percent) compared to one year...
State Farm Dropping Some Coastal Policies in Texas
Sep 18 2006 // State Farm has announced that it will not renew coverage for 6,000 personal and commercial policyholders along the Texas coast starting next year. The state’s largest insurer said Sept. 14 that it will not renew...
House Subcommittee Hears Testimony on Coastal Insurance Market
Sep 13 2006 // The House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, heard testimony today from industry advocates to discuss the need for public and private sectors to work...
Conn. Officials, Insurer Agree to 90-Day Moratorium on Shutter Rule
Sep 8 2006 // Connecticut Insurance Commissioner Susan F. Cogswell announced that Andover Insurance Company has agreed to suspend for 90 days the implementation of a department decision allowing the company to cancel the policies of...
Shutter Diplomacy: Conn. Regulator Plans Coastal Insurance Forum
Sep 7 2006 // Connecticut Insurance Commissioner Susan Cogswell plans a public forum on Sept. 21 to air concerns over availability of property insurance in the state’s coastal areas. The forum is being called following reports of...
News Currents
Sep 4 2006 // There are “35 million people living along the hurricane-prone coast that stretches from North Carolina to Texas. Half of these live in Florida, 10 million on the Atlantic coast and seven million on the Gulf coast....
Most Americans Favor Mitigation Policies While Opposing Subsidies for High Risks
Aug 31 2006 // Most Americans favor public policies that could help to mitigate the damage caused by catastrophic natural disasters before they happen, but many Americans remain unprepared for a disaster in their own homes and...
EPI Study Finds Coastal Population Drain Following Hurricanes
Aug 18 2006 // A study conducted by the Earth Policy Institute (http://www.earth-policy.org) concludes that a number of people who evacuated their homes in the wake of Hurricanes Katrina, Rita and Wilma may have left permanently. The EPI...
