Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
$200M Set Aside for Post-Katrina Coastal Recovery in Mississippi
Mar 25 2008 // Federal legislators joined Mississippi Gov. Haley Barbour last week to announce that $200 million in federal funds is set aside for major recovery projects in Hancock County – ground zero for the destructive force of...
State Farm Restricts Storm Coverage for Coastal Alabama
Mar 21 2008 // Reacting to Gulf Coast hurricanes and potential future storm losses, State Farm said it will limit coverage in Alabama for new policies in Mobile and Baldwin counties beginning April 1. State Farm, based in Bloomington,...
Coastlines at Risk from Increased Development
Mar 12 2008 // As more and more of the world’s population moves closer to the sea, the coastal developments being constructed to accommodate the migration raise growing concerns about coastal erosion. That’s the message in an...
Storm Losses Blamed on Coastal Growth, Not Global Warming
Mar 10 2008 // A hurricane that hit Miami in 1926 would cause up to $157 billion in damage if it were to strike today, according to a recent study. U.S. storm costs are rising because of higher populations and wealth on the coasts, not a...
Mississippi Insurance Commissioner to Host Coastal Forum
Mar 3 2008 // Mississippi Commissioner of Insurance, Mike Chaney, and the Mississippi Insurance Department will hold an informational public forum this week for the state’s coastal residents. Featured speakers from the...
Coastal Growth, Not Global Warming, Blamed for Rising Storm Losses
Feb 25 2008 // A hurricane that hit Miami in 1926 would cause up to $157 billion in damage if it were to strike today, according to a recent study. U.S. storm costs are rising because of higher populations and wealth on the coasts, not a...
Minico Offering Self-Storage Property, Wind Coverage in Coastal States
Feb 11 2008 // Phoenix-based MiniCo Inc. reported it signed an agreement with Boulder, Colo.-based International Catastrophe Insurance Managers LLC (ICAT), to begin offering property and wind coverage for coastal locations in Florida,...
Maryland Can’t Stop Allstate Plan to Refuse New Coastal Business
Feb 11 2008 // Maryland Insurance Commissioner Ralph S. Tyler today accepted Allstate Insurance Co.’s decision to refuse new homeowners’ policies in coastal areas. Tyler said his agency’s hands were effectively tied...
Mississippi Commissioner: Coastal Insurance Rates to Increase
Jan 30 2008 // The state’s new insurance commissioner says Mississippi Gulf Coast residents can expect an insurance rate increase this year. Commissioner Mike Chaney spoke Monday at the opening of the Insurance Department’s...
Climate Change Impacts UK Marine Environment
Jan 17 2008 // Climate change is having “a significant impact” on the marine environment in the UK, according to a new report from the Marine Climate Change Impacts Partnership (MCCIP). The organization was established in...
Top Insurance Stories in 2007 in East
Dec 31 2007 // New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an...
Conn. Private Coastal Insurance Market Works, Say Commissioner and Insurers
Dec 27 2007 // Acknowledging the ongoing concern over coastal property insurance in his state, Connecticut Insurance Commissioner Thomas Sullivan maintained that the state’s coastal property insurance market is in pretty good shape...
No Day at the Beach
Dec 23 2007 // Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most part, while policymakers debated, private markets went...
N.C. Coastal Towns Fear Change Will Increase Flood Insurance Rates
Dec 17 2007 // Some coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council. The council toughened the coastal housing code for wind-borne debris. The code now...
Coastal Insurance Reform The Top Issue For N.Y. Agents’ Group in 2008
Dec 7 2007 // Improvements to New York’s coastal property insurance program and a prohibition against denying some late-reported claims top the list of issues the Independent Insurance Agents and Brokers of New York said it will...
Coastal Flood Peril Study: $3 Trillion Today – $35 Trillion by 2070
Dec 6 2007 // An exhaustive study of the threat posed by coastal flooding warns that “as many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40...
New Report Reveals Future Exposure to Coastal Flood in Key Cities
Dec 4 2007 // As many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40 million people today – as a result of climate change and urban...
Conn. Consumers to Get ‘Mints on Pillows’ Treatment
Dec 2 2007 // Commissioner Sullivan vows departmental changes; also contends private coastal insurance market is working Connecticut consumers dealing with the state’s insurance regulatory agency should be left feeling they were...
Congress Considers Disaster Legislation to Alleviate Coastal Insurance Crisis
Nov 18 2007 // House passes measure opposed by Bush and insurance industry remains at odds on best solution Disaster legislation is hot on the minds of congressional leaders this month as a handful of bills made their way to both the...
Reinsurers Blast Federal Disaster Backup Plan Advancing in Congress
Nov 12 2007 // The nation’s reinsurance industry is criticizing Congressional natural disaster legislation as raising false hopes about addressing the homeowners insurance market in areas prone to hurricanes, at the expense of U.S....
