Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
Louisiana Homeowners Insurer, Gulf States, Acquires Coastal American Holdings
Oct 29 2019 // Lafayette, Louisiana-based Gulf States Holdings Inc. has acquired Coastal American Holdings Inc. and its subsidiary Coastal American Insurance Co. Coastal American’s home office is located in Gulfport, Miss. Terms of...
Velocity Risk Underwriters Expands Coverage to Coastal Homeowners in New Jersey
Oct 23 2019 // Velocity Risk Underwriters LLC has expanded its home insurance products and now offers coastal homeowners policies in New Jersey. This makes New Jersey the sixth state where the company offers homeowners insurance to...
IBHS Survey Highlights Building Code Gaps in Texas Coastal Counties
Oct 21 2019 // A detailed review of coastal Texas building codes revealed gaps that could leave homeowners at risk if mitigation efforts are not sought as nearly one-third of Texans live in the coastal counties. The Insurance Institute...
Climate Change: Believers vs. Non-Believers
Oct 21 2019 // Believing in climate change has no effect on whether coastal homeowners are protecting their homes from climate change-related hazards, according to a study from the University of Notre Dame. Funded by Notre Dame’s...
Believers in Climate Change No More Likely to Mitigate Than Non-Believers
Oct 8 2019 // Believing in climate change has no effect on whether coastal homeowners are protecting their homes from climate change-related hazards, according to a new study from the University of Notre Dame. Funded by Notre...
Freeport McMoRan to Pay $100M in First Settlement in Louisiana Coastal Damage Suits
Sep 30 2019 // Lawyers representing coastal Louisiana parishes have negotiated their first settlement with one of the oil and gas companies accused of damaging the state’s coast. The settlement is with Freeport McMoRan Inc. and its...
Arch Insurance to Buy Coastal Commercial Property MGU Ventus Risk Management
Aug 19 2019 // Arch Insurance North America has agreed to acquire Ventus Risk Management, a technology and analytics-driven managing general underwriter that specializes in providing coastal commercial property insurance solutions to...
AIR Tracks Growth of Coastal Exposures Over Past Decade
Aug 6 2019 // The value of coastal exposures along the Atlantic and Gulf coasts have experienced a compound annual growth rate of about 4% over the past decade, according to catastrophe risk modeling firm AIR Worldwide. AIR released its...
Rice U. Says Its Hurricane Plan for Houston Better Than $20B Coastal Barrier
Jul 30 2019 // For about a decade, two of Texas’ top universities have pushed dueling plans to protect the Houston-Galveston region from hurricanes. A concept championed by Texas A&M University at Galveston appears to be...
Wildlife Protection Rezoning Could Mean Flood Insurance Aid for 900 Coastal Mansions
Jul 26 2019 // On an exclusive Connecticut peninsula, where signs warn outsiders to stay off private roads, eight multimillion-dollar homes with sprawling yards along the Long Island Sound are poised to become eligible for...
It No Longer Takes a Big Storm to Produce High Tide Flooding in Coastal Communities
Jul 11 2019 // Coastal communities across the U.S. again experienced increased high tide flooding last year, forcing their residents to deal with flooded shorelines, streets and basements. The elevated water levels affected coastal...
Fewer E&S Flood Insurance Policies in Texas Coastal Counties Post-Harvey
Jul 9 2019 // The organization that keeps track of excess and surplus policies sold in Texas says the number of E&S flood insurance policies in place in the state’s coastal counties declined after Hurricane Harvey hit in...
AIR Expands Europe Inland Flood Model, Updates UK Storm Surge Analysis
Jun 26 2019 // Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include the country of Poland in its model domain. AIR also announced that it has updated the...
Texas Windstorm Insurer Withdraws 10% Rate Increase Filing
May 28 2019 // Texas’ property insurer of last resort for wind and hail along the Texas coast voted at a May 24, 2019, meeting of its board of directors to withdraw a 10% rate increase filed last year that was subsequently put on...
Is Sea Rise Wrecking Coastal Home Values? The Answer: Maybe
May 20 2019 // For sale: waterfront property with sweeping views of the Atlantic Ocean. Waves erode beach regularly. Flooding gets worse every year. Saltwater damage to lawn. Asking price: anyone’s guess. Some research suggests...
North Carolina Survey: Many Coastal Homeowners Have No Plan to Mitigate Storm Damage
Apr 11 2019 // A majority of coastal homeowners have little to no intention of reducing their homes’ structural vulnerabilities, even though they live in areas frequently affected by damaging hurricanes and flooding and their homes...
SageSure, IMF Partner on Texas Coastal Homeowners Insurance Product
Apr 3 2019 // Residential property managing general underwriter, SageSure Insurance Managers has partnered with Independent Mutual Fire Insurance Company (IMF) on a homeowners product in Texas, with plans to expand to additional coastal...
Cabrillo Coastal Launches Flood Endorsement for South Carolina Homeowners
Apr 2 2019 // Cabrillo Coastal General Insurance Agency has launched a flood endorsement for new or existing Safe Harbor Homeowners policies in South Carolina. The coverage, according to Cabrillo, was built from a different rating...
New Orleans Sues Energy Firms Over Coastal Erosion
Apr 1 2019 // The City of New Orleans is suing various oil and gas companies over coastal erosion. Mayor Latoya Cantrell on Friday announced the lawsuit, which alleges that pipeline work has caused massive damage to Louisiana’s...
A Mix of Flood Insurance Reforms
Apr 1 2019 // Conservation, CarFax-Like Disclosure, Means-Test for Rates Up for Discussion The federal flood insurance program has a knack for inspiring ideas from reformers across the political spectrum on how to improve government. If...
