Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
Oil Companies Land a Victory in Louisiana Coastal Lawsuit
Mar 8 2017 // A federal appeals court on March 3 refused to revive a Louisiana levee board’s lawsuit blaming dozens of oil and gas companies for damage to the state’s fragile coast, a major victory for energy companies and...
Velocity Risk Underwriters Expands Coverage to Coastal Homeowners in Florida
Jan 4 2017 // Velocity Risk Underwriters has expanded its Florida home insurance products and is now writing coastal homeowners policies statewide. Velocity offers an A.M. Best “A” rated coastal homeowners program through...
How to Bring Coastal Community Stakeholders into Disaster Planning
Nov 30 2016 // Recognizing that coastal storms can cause surges, sea-level rise and cyclone winds that devastate communities, emergency management experts in a new study have detailed a method for involving local stakeholders in planning...
Rockhill’s New E&S Property Unit Focused on Coastal Risks
Nov 22 2016 // Columbus, Ohio-based Rockhill Insurance Group, a member of the State Auto Insurance Group has launched an excess and surplus (E&S) property unit. Led by industry veteran Tracy Upton the unit is a catastrophe wind and...
Q&A: Deloitte Insurance Expert Discusses Hurricane Season and Flood Insurance
Nov 22 2016 // Powered by InsuranceJournal.tv Although Atlantic hurricane season ends in November, cleanup from any damage seen on the East Coast could last beyond the end of the season. Some coastal areas, such as Virginia Beach, were...
Palomar Specialty, Cabrillo Coastal Launch Homeowners Program in Mississippi
Nov 22 2016 // Palomar Specialty Insurance Company has partnered with Cabrillo Coastal General Insurance Agency, LLC to offer coastal homeowners insurance in Mississippi. Palomar Specialty is currently offering homeowners coverage...
Velocity Risk to Write Texas Coastal Wind-Only Homeowners Policies
Nov 16 2016 // Nashville, Tenn.-based Velocity Risk Underwriters announced it is offering coastal wind-only homeowners insurance policies for customers that may otherwise be insured in the Texas Windstorm Insurance Association...
Coastal Wetlands Found to Reduce Hurricane Property Damage by 10%-30%
Oct 27 2016 // Coastal wetlands provide important natural protection during hurricanes. How much? Natural habitats reduced property damage by about $625 million in the Northeast during Hurricane Sandy in 2012, a new study supported by...
University in South Carolina Awarded $25K to Study Climate Change on State’s Coast
Sep 29 2016 // College students will be working to gauge the impact of climate change along the South Carolina coast, one of the fastest-growing areas in the nation. The Sun News reports that Coastal Carolina University has received a...
Coastal American Insurance Rolls Out Private Flood Endorsement in Mississippi
Sep 8 2016 // Coastal American Insurance Co. has introduced a combined wind and flood insurance policy for policyholders in Mississippi. The new private flood endorsement is designed to eliminate disputes over concurrent causation,...
Florida Approves Nearly 70K Citizens Policies for November Take-Outs
Sep 7 2016 // The Florida Office of Insurance Regulation (OIR) has approved the following companies to participate in the November Citizens Property Insurance Corp. take-out period. The total number of policies approved is...
Earth Gains Coastal Land Areas as Man-Made Expansion Outpaces Sea Level Rise
Aug 29 2016 // The Earth has gained coastal land equivalent to the size of Jamaica in the past 30 years with man-made construction outpacing erosion caused by rising sea levels, mapping data showed on Thursday [Aug. 25]. Expansion of...
Florida Insurers UPC Insurance, American Coastal Insurance Enter Merger Agreement
Aug 18 2016 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding, LLC, the parent of American Coastal Insurance Co. (ACIC or American...
Louisiana Politicians Join Suits Blaming Big Oil for Coastal Ruin
Aug 9 2016 // The oil industry has left a big footprint along the Gulf Coast, where a Delaware-sized stretch of Louisiana has disappeared. But few politicians would blame Big Oil for ecosystem abuse in a state where the industry employs...
Alabama’s Coastal Insurance Shopper’s Guide
Aug 8 2016 // The Alabama Center for Insurance Information & Research (ACIIR), in partnership with Smart Home America and the Coastal Alabama Partnership, has released a new Alabama Coastal Insurance Shopper’s Guide to help...
Survey: Louisianans’ Views on Insurance Depend on Where They Live
Aug 4 2016 // Those who live inland and those who live along Louisiana’s coast differ in their viewpoint of homeowners and renter’s insurance, according to a new survey of registered Louisiana voters. The survey by NORC...
Florida Approves September, October Take-Outs of More Than 40K Citizens Policies
Aug 3 2016 // The Florida Office of Insurance Regulation (OIR) has approved a total of 40,650 personal lines, commercial lines, and coastal account policies from the following companies to participate in the September and October...
Coastal Insurer UPC’s First Catastrophe Bond Provides It with $100M Cover
Jul 25 2016 // Swiss Re Capital Markets said it has structured and placed $100 million of insurance-linked securities (ILS) that cover named storms and earthquakes affecting certain coastal states of the U.S. The bonds have been issued...
Alabama Releases Insurance Guide for Coastal Residents
Jul 22 2016 // The Alabama Center for Insurance Information & Research (ACIIR) in partnership with Smart Home America and the Coastal Alabama Partnership has released its new Alabama Coastal Insurance Shopper’s Guide to help...
Coastal Insurer UPC’s First Catastrophe Bond Provides It with $100M Cover
Jul 8 2016 // Swiss Re Capital Markets said it has structured and placed $100 million of insurance-linked securities (ILS) that cover named storms and earthquakes affecting certain coastal states of the U.S. The bonds have been issued...
