Latest Coastal Headlines
All the headlines from our Coastal Topic Page, ordered by recency.
News Currents
Oct 8 2007 // Proponents push plans for natural catastrophe insurance solutions Federal backstop proposals aired at NAIC public hearing in Alabama The need for solutions to address insurance costs and availability in natural...
No Consensus for Alabama Special Session on Coastal Insurance
Oct 2 2007 // Alabama legislators unveiled a law designed to help the Gulf Coast real estate industry and coastal homeowners hit by high insurance rates but Gov. Bob Riley said there is no current consensus to address it in a special...
Actuaries Oppose Wind Addition to National Flood Insurance
Sep 28 2007 // The National Flood Insurance Program is over $17 billion in debt according to the American Academy of Actuaries, adding further anxiety to a proposal to add wind peril coverage to the national plan. While the U.S. House of...
Alabama Hearing Highlights Catastrophe Plan Options
Sep 26 2007 // Whether the nation needs a federal or other governmental program to deal with insurance costs and availability for natural catastrophes in U.S. coastal states was the central question at a public hearing in Mobile, Ala.,...
Alabama realtors call for coastal insurance relief
Sep 24 2007 // Owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums and insurance legislation to make coverage available and affordable on the coast...
Alabama realtors call for coastal insurance relief
Sep 24 2007 // Owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums and insurance legislation to make coverage available and affordable on the coast...
La. Commissioner to Co-Host Hearing on Coastal Insurance Issues
Sep 21 2007 // Louisiana Commissioner of Insurance Jim Donelon and state regulators from Alabama, Florida, Mississippi and South Carolina will host a public hearing Sept. 24 on insurance issues affecting the Gulf Coast. The event is...
Commissioners to Hold Coastal Issues Public Hearing in Alabama
Sep 21 2007 // National Association of Insurance Commissioners (NAIC) President and Alabama Insurance Commissioner Walter Bell, along with other members of the NAIC’s Southeastern Zone, is holding a public hearing to address...
Mass. Warned About Coastal Development and Insurance
Sep 20 2007 // A major hurricane making landfall in Massachusetts could cause billions of dollars worth of property damage while also severely straining the resources of the state’s residual homeowners’ insurance market, the...
Insurers Call on N.C. to Strengthen Coastal Building Code Requirements
Sep 11 2007 // In testimony today before the North Carolina Building Code Council, the American Insurance Association urged that stronger hurricane resistant construction standards be required for all areas of the coast vulnerable to...
Atlantis Effect? Rising Sea Level Worries Wash. Shoreline Areas
Sep 5 2007 // Washington’s low-lying capital city is a bit nervous in planning a new $38 million City Hall near the shoreline of Puget Sound, fearing that global warming and rising waters could submerge much of the downtown in...
Ala. Coast Condo Industry Pushes for Action on Rising Insurance Rates
Sep 4 2007 // As Labor Day tourists take an end-of-summer beach trip, owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums. Insurance legislation aimed at...
Southern governors hear from insurance execs on coastal coverage
Sep 3 2007 // Southern governors and insurance executives met late last month in Biloxi, Miss., about the challenges of keeping insurance coverage in coastal areas that are vulnerable to hurricanes, but they reached no consensus on how...
Southern governors hear from insurance execs on coastal coverage
Sep 3 2007 // Southern governors and insurance executives met late last month in Biloxi, Miss., about the challenges of keeping insurance coverage in coastal areas that are vulnerable to hurricanes, but they reached no consensus on how...
N.Y. Halts Insurers from Tying Coastal Home Renewals to Other Business
Aug 29 2007 // Insurance companies in New York may not refuse to renew homeowners insurance policies based on whether a policyholder has other business such as an auto or life policy with them, under a new order from the state insurance...
Agent Urges Southern Governors to Unite Industry to Fix Coastal Woes
Aug 27 2007 // A national independent agency leader is urging Southern governors to use their “bully pulpits” to bring together the leaders in the insurance industry and help restore competition as they look for ways to ease...
Tropical Storm, Hurricane a Wake-up Call for Coastal Residents
Aug 16 2007 // Tropical Storms Erin and Dean should serve as a wake-up call to anyone living along the Texas coast that hurricanes may not be too far away. “There is no better time than now to prepare evacuation plans and gather...
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
State Farm to Drop 50,000 Coastal Homeowners Policies in Fla.
Jul 23 2007 // State Farm Insurance, Florida’s largest private home insurer, said it will drop about 50,000 homeowners policies next year in what it considers risky areas along the coast. Most of the homes and condos that will lose...
