For the second time in three years, one of the largest homeowners in Alabama has indicated it will not raises rates along the coastline in lieu of a statewide average five percent increase on inland properties. State Farm announced that …
For the first time in four years, South Carolina residents living along the state’s coastline are going to have to pay more for insurance. The South Carolina Department of Insurance has approved a statewide average 9.8 percent rate increase for …
Mississippi Gulf Coast residents have been told mitigation is the answer to the region’s high insurance rates. “What do you do to lower rates? It is pretty simple. If you want to lower rates on the Gulf Coast, you build …
Alabama Governor Robert Bentley is creating a commission to address the rising cost of insurance for the state’s coastal homeowners. Bentley said the commission will be asked to make recommendations on how to make affordable coverage more available to coastal …
A survey of hundreds of miles of New England and mid-Atlantic coastline found that 68 percent of the beaches studied have eroded during the past 150 years, according to a report released this week. The average rate of erosion was …
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 …
North Carolina Insurance Commissioner Wayne Goodwin has announced a settlement agreement that calls for the North Carolina Insurance Underwriting Association, known as the Beach Plan, to reverse the more than $16 million it made to member companies in 2009. The …
