Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
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...
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...
