All the headlines from our Coastal Topic Page, ordered by recency.
May 15 2015 // The Florida Office of Insurance Regulation (Office) has approved the removal of up to 30,000 personal residential policies and 50 commercial residential polices from Citizens Property Insurance Corporation (Citizens) by...
May 5 2015 // Orchid Underwriters Agency LLC, a Vero Beach, Florida-based managing general agent providing excess & surplus (E&S) insurance for coastal properties, announced that it has acquired Coastal Agents Alliance, a...
May 5 2015 // Fitch Ratings has assigned an ‘AA-‘ rating to the following senior secured bonds of the Citizens Property Insurance Corp., Coastal Account (formerly known as the High Risk Account):–$750 million series...
Apr 21 2015 // U.S insured property values as of 2014 exceed $90 trillion, but the bulk of that is increasingly concentrated in vulnerable coastal areas. With that in mind, new risk metrics could better help monitor exposures, Karen...
Apr 20 2015 // It’s not often you find an area of agreement between the property/casualty insurance industry and consumer advocacy organizations, but a Texas bill addressing the state’s coastal windstorm insurance pool has...
Apr 9 2015 // The Florida Office of Insurance Regulation has approved the removal of up to 45,000 personal residential policies and 500 commercial residential polices from Citizens Property Insurance Corp. by the following two...
Apr 2 2015 // Raleigh, North Carolina-based insurance broker BB&T Insurance Holdings Inc. has reached an agreement to significantly increase its partnership interest in AmRisc, a managing general underwriter for commercial property...
Jan 30 2015 // The U.S. Army Corps of Engineers on Wednesday issued a report saying that managing the flooding risk along the North Atlantic coast from events like Superstorm Sandy is something that has to be done collaboratively by all...
Jan 30 2015 // Some of the areas hardest hit by the blizzard that tore through Massachusetts were on the coastline, where oceanfront homes took the brunt of raging seas.In Marshfield, Massachusetts, officials were still assessing the...
Jan 26 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Jan 22 2015 // The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with...
Nov 6 2014 // AssuredPartners Inc., through its subsidiary Assured Neace Lukens, has acquired Premiere Coastal Insurance Group. No financial terms were disclosed.Premiere Coastal Insurance Group specializes in providing insurance...
Nov 3 2014 // Two of the smaller players in a New Orleans area flood board’s lawsuit against the oil industry over damage to the state’s coast have agreed to a settlement.An attorney for the Southeast Louisiana Flood...
Oct 20 2014 // Flooding during high tides, which used to be rare, is now common in some places and could worsen to the point that sections of coastal cities may flood so often they would become unusable in the near future, according to a...
Oct 6 2014 // Last month marked the 10th anniversary of Hurricane Ivan, one of the costliest tropical storms to ever hit the U.S. Ivan came ashore near Gulf Shores, Alabama, on Sept. 16, 2004, as a Category 3 storm. The storm also...
Sep 29 2014 // Coastal Carolina University in Conway, S.C. has suspended three fraternities after administrators received hazing complaints.Coastal spokeswoman Martha Hunn told local reporters the chapters of Kappa Sigma, Tau Kappa...
Sep 24 2014 // A supporter of a lawsuit against the oil industry was re-nominated to a seat on a south Louisiana flood control board, despite Gov. Bobby Jindal’s vehement opposition to the lawsuit.The nominating committee for the...
Sep 23 2014 // Mississippi Gulf Coast law enforcement officials and prosecutors say they’re increasing efforts to get drunken drivers off the roads to improve public safety.District Attorneys Tony Lawrence and Joel Smith announced...
Sep 21 2014 // Rates for the almost 100,000 commercial property risks insured by Florida’s Citizens Property Insurance Corp. will rise an average 3.3 percent next February.The Florida Office of Insurance Regulation (OIR) has...
Sep 19 2014 // Virginia emergency management officials have created a new tool to help coastal residents assess the risks of rising water in a storm surge.The Virginia Department of Emergency Management says the Geographic Information...