coastal insurance News

Confie Seguros Acquires Brokerages in New York, Texas, South Carolina

Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, has acquired three insurance brokerages. Among these additions is Bower Insurance, an agency in Lockport, New York, providing auto, homeowners and small commercial insurance to the western New …

Frontline Introduces Coastal Rental Home Insurance in South Carolina

Frontline Insurance has launched a new rental home insurance product for owners of rental property in South Carolina. The coverage protects non-owner occupied properties in coastal areas and offers protection from fire damage and the owner from legal liability. Coastal …

New Homeowners Insurance Program Available to Coastal Residents in Alabama

Frontline Homeowners Insurance, a coastal-focused insurer, is now offering wind and flood coverage to Alabama residents with coastal properties in Mobile and Baldwin Counties. Frontline Homeowners Insurance offers a contractors assist program as part of its coverage, which manages the …

Receivership Proposed for Texas’ Insurer of Last Resort

In a meeting on March 25, the board of directors of Texas’ insurer of last resort in coastal areas is expected to discuss the organization’s dire financial condition and the possibility of placing the organization into receivership. According to the …

Bill Proposing Property Assigned Risk Plan Filed in Texas

A bill has been filed that would drastically change the structure and/or funding for Texas’ insurer of last resort for wind and hail along the coast. Senate Bill 18 by Sen. John Corona would create the Texas Property Insurance Program, …

Insurance Rates for Coastal Alabama Homeowners Going Down

Alabama homeowners insured by the state’s property insurer of last resort are paying less after the insurer implemented its first rate decrease in three years. The Alabama Insurance Underwriting Association last month called for an average 6.2 percent rate cut, …

North, South Carolina Coastal Insurance Plans Ready for Hurricane Irene

Caught square in the path of Irene, the first major hurricane of the season, the coastal insurance plans in North and South Carolina are prepared to absorb what may be their first major losses in years. Both plans appear to …

Alabama Governor Names Insurance Market Study Commission

Alabama Gov. Robert Bentley has appointed 24 people to a panel that will examine the state’s insurance market and suggest improvements. The commission will be led by Baldwin County Probate Judge Tim Russell. Bentley has said he’ll hold a special …

Alabama Governor Vows Special Session on Coastal Insurance

Alabama Gov. Robert Bentley has renewed a campaign pledge to call a special session of the state legislature to find a solution for coastal residents seeking homeowners insurance. “I have made a commitment, and I’ve been keeping my commitments,” the …