All the headlines from our Coastal Topic Page, ordered by recency.
Feb 25 2009 // Legislative efforts to freeze big insurance rate increases for coastal homeowners risk making policies less available and more costly for all state residents, North Carolina’s new insurance commissioner said.Such...
Jan 23 2009 // North Carolina’s state-sanctioned property insurance program at the coast should reduce its maximum property policy coverage to relieve its potential liability in a massive hurricane, a legislative study committee...
Jan 11 2009 // North Carolina Insurance Commissioner Jim Long has agreed to permit homeowners insurance companies to hike their rates an overall statewide average of 4.05 percent beginning May 1.This is below the statewide increase than...
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
Dec 18 2008 // A weak earthquake shook parts of the South Carolina coast Tuesday, tipping over people’s Christmas trees, knocking pictures off walls and causing minor injuries.The temblor with a preliminary magnitude of 3.6 was...
Dec 3 2008 // Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to...
Nov 30 2008 // Alabama Gov. Bob Riley’s new insurance commissioner said the administration is considering its options to help coastal property owners struggling with high premiums and lost coverage in the wake of hurricanes,...
Nov 30 2008 // On Nov. 4, Democrat Wayne Goodwin won election as North Carolina Insurance Commissioner with 52 percent of the vote, succeeding 24-year veteran Jim Long. Goodwin campaigned on his experience. He is a former four-term...
Nov 30 2008 // Connecticut Insurance Commissioner Thomas Sullivan considers himself something of an insider when it comes to the insurance industry – after all, he spent 20 years at The Hartford. And maybe it’s because he...
Nov 20 2008 // County commissioners in Alabama’s Baldwin County have voted to endorse the concept of “captive insurance” in the hopes of helping the struggling construction industry on Alabama’s Gulf...
Nov 14 2008 // Gov. Bob Riley’s new insurance commissioner said the administration is considering its options to help coastal property owners struggling with high premiums and lost coverage in the wake of hurricanes, including...
Nov 2 2008 // Alabama’s coastal property insurance crisis could be resolved by the state and cities working together to form special types of insurance companies to offer coverage, the state revenue commissioner said.Tim Russell,...
Oct 24 2008 // West Chester, Pa.-based Venture Insurance Programs, a national program administrator, will offer coastal property coverage under a new CATalyst Property Insurance brokerage facility.CATalyst will support each of...
Oct 23 2008 // Alabama’s coastal property insurance crisis could be resolved by the state and cities working together to form special types of insurance companies to offer coverage, the state revenue commissioner said.Tim Russell,...
Oct 21 2008 // The Property Casualty Insurers Association of America unveiled results of an independent report which found that the North Carolina Insurance Underwriting Association, a.k.a. the Beach Plan, is not financially prepared to...
Oct 1 2008 // A North Carolina joint legislative study committee began hearings on Sept. 30 regarding the financial health of the state’s Insurance Underwriting Association, a.k.a. the Beach Plan.The Joint Select Study Committee...
Sep 29 2008 // President George W. Bush approved federal disaster aid in Alabama to supplement state and local recovery efforts from Hurricane Ike in Mobile and Baldwin counties. The White House announced Sept. 26 that the action makes...
Sep 29 2008 // The Mississippi House of Representatives Insurance Committee will host a public hearing to discuss housing and insurance issues in the wake of Hurricanes Katrina, Gustav and Ike. State Rep. and Chairman Walter Robinson...
Sep 25 2008 // Powerful winds promised to scour the Southeast coast with strong winds and heavy seas, though residents were taking the promise of 50-mile-an-hour gusts in stride. The National Weather Service issued high wind warnings for...