All the headlines from our Coastal Topic Page, ordered by recency.
Dec 27 2007 // Acknowledging the ongoing concern over coastal property insurance in his state, Connecticut Insurance Commissioner Thomas Sullivan maintained that the state’s coastal property insurance market is in pretty good shape...
Dec 23 2007 // Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most part, while policymakers debated, private markets went...
Dec 17 2007 // Some coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council.The council toughened the coastal housing code for wind-borne debris. The code now...
Dec 7 2007 // Improvements to New York’s coastal property insurance program and a prohibition against denying some late-reported claims top the list of issues the Independent Insurance Agents and Brokers of New York said it will...
Dec 6 2007 // An exhaustive study of the threat posed by coastal flooding warns that “as many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40...
Dec 4 2007 // As many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40 million people today – as a result of climate change and urban...
Dec 2 2007 // Connecticut consumers dealing with the state’s insurance regulatory agency should be left feeling they were given “mints on their pillow,” according to the no-nonsense man in charge.Insurance Commissioner...
Nov 18 2007 // Disaster legislation is hot on the minds of congressional leaders this month as a handful of bills made their way to both the House and the Senate addressing the issue. Some legislation takes aim at making the property...
Nov 12 2007 // The nation’s reinsurance industry is criticizing Congressional natural disaster legislation as raising false hopes about addressing the homeowners insurance market in areas prone to hurricanes, at the expense of U.S....
Nov 5 2007 // Homeowners and businesses are finding it harder to afford, or even obtain, insurance in coastal states after catastrophes such as Hurricane Katrina, and global warming is going to make the situation worse, according to a...
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
Nov 1 2007 // Some 3,305 coastal residents in New York whose homeowners insurance policies had not been renewed by Liberty Mutual partly because they did not have other policies with the company – such as life or automobile...
Oct 22 2007 // The head of Alabama’s teachers’ organization is concerned that legislation designed to improve the availability of insurance along the Alabama coast could have another effect – eliminating tax dollars for...
Oct 11 2007 // New York lawmakers are considering taking action to improve coastal insurance availability while insurance agents are telling them they fear market restrictions are worsening.Insurance companies, meanwhile, claim the...
Oct 8 2007 // The need for solutions to address insurance costs and availability in natural catastrophe-vulnerable U.S. coastal regions — including a federal safety net — was the general theme at a public hearing in Mobile,...
Oct 8 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...
Oct 8 2007 // Proponents push plans for natural catastrophe insurance solutionsFederal backstop proposals aired at NAIC public hearing in Alabama The need for solutions to address insurance costs and availability in natural...
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...
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...
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.,...