Latest Coastal Headlines

All the headlines from our Coastal Topic Page, ordered by recency.

Fitch Says Coastal Commercial Real Estate Values May Suffer

Dec 5 2006 // Despite the light 2006 hurricane season U.S. commercial real estate values in coastal areas still may suffer as insurance companies continue to minimize their exposure windstorm insurance coverage, according to a special...

IIAT survey finds coastal insurance market tighter; more expensive

Nov 20 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...

Alabama mayor resigns to join coastal captive

Nov 20 2006 // Foley, Ala., Mayor Tim Russell has resigned with two years remaining in his term in order to serve on a planned coastal insurance captive for south Alabama.Russell, who owns an insurance agency and became mayor about 12...

Commercial premiums, except coastal property, continue to fall

Nov 20 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...

Alabama mayor resigns to join coastal captive

Nov 19 2006 // Foley, Ala., Mayor Tim Russell has resigned with two years remaining in his term in order to serve on a planned coastal insurance captive for south Alabama.Russell, who owns an insurance agency and became mayor about 12...

IIAT survey finds coastal insurance market tighter; more expensive

Nov 19 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...

Commercial premiums, except coastal property, continue to fall

Nov 19 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...

ABI Study Warns of Increased Flood Risk in Eastern U.K.

Nov 10 2006 // The Association of British Insurers (ABI) has issued a new report that warns of the dangers of increased flooding in Eastern England. Among other findings, the report, which was compiled using data supplied by Calif.-based...

Alabama Mayor Resigns to Join Coastal Insurance Agency

Nov 8 2006 // Foley Mayor Tim Russell resignedthis week with two years remaining in his term and will serve on a planned coastal insurance agency for south Alabama.Russell, who owns an insurance agency and became mayor about 12 years...

Commercial Premiums, Except Coastal Property, Continued Falling in 3Q

Nov 7 2006 // Commercial insurance premiums fell slightly in the third quarter of this year, representing a continuation of the trends that occurred in the past two quarters, according to the RIMS Benchmark Survey, which surveys current...

Survey: Commercial market softens, insurer appetite increases

Nov 6 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...

Survey: Commercial market softens, insurer appetite increases

Nov 5 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...

IIAT Survey Finds Texas Coastal Insurance Market Tighter; More Costly

Oct 31 2006 // Property insurance along the Texas coast is getting harder to find plus premiums and deductibles are increasing, according to results from a survey of independent insurance agents. Respondents are members of the...

Western Security Surplus adds Texas Coastal Property Coverage

Oct 30 2006 // Ron Klimek, vice president and Dallas branch manager, announced that Western Security Surplus has increased capacity to write coastal property coverage in Texas, including wind and hail, Tier 1 and 2 counties.The property...

Alabama coastal property owners face more insurer restrictions

Oct 23 2006 // Two of the Alabama’s largest insurance firms said they’re reducing coverage and increasing deductibles in Mobile and Baldwin counties, citing frequent hurricanes, coastal construction growth, lack of strong...

Farmers to Double Coastal Rates in La., Lower Premiums in the North

Oct 20 2006 // Louisiana regulators on Oct. 18 approved rate increases for Farmers Insurance Exchange, ensuring that prices for the company’s homeowner policies across coastal Louisiana will nearly double early next year.The...

Delaware Warns Consumers of Coastal Coverage Woes; Ups FAIR Plan Limits

Oct 19 2006 // Delaware Insurance Commissioner Matt Denn warned consumers about some expected restrictions from homeowners insurance companies for coastal area homes, although he said he does not believe they will be as severe as other...

Survey: Commercial Market Softens, Insurer Appetite Increases

Oct 19 2006 // The commercial property/casualty market continued to soften during the third quarter, with indications that some insurers are finding an appetite for business in which they previously were not interested, according to the...

Ala. Coastal Property Owners Facing More Insurer Restrictions

Oct 10 2006 // More insurance cutbacks for Alabama coastal properties — not only for buildings and homes near the beaches — are coming in the wake of 2004 and 2005 hurricanes.Two of the state’s largest insurance firms said...

Most Americans favor mitigation policies while opposing subsidies for high risks

Sep 25 2006 // Most Americans favor public policies that could help to mitigate the damage caused by catastrophic natural disasters before they happen, but many Americans remain unprepared for a disaster in their own homes and...