All the headlines from our Coastal Topic Page, ordered by recency.
May 8 2006 // Progress was made this legislative session as Mississippi lawmakers passed requirements for tougher building codes and took steps to help ensure new construction in five coastal counties will better protect residents from...
Apr 17 2006 // However, insurer trade group says it can be found by those who shopAfter the wreckage caused by last year’s Hurricanes Katrina and Rita, many home insurers in southern Louisiana are refusing to write new policies, or...
Apr 4 2006 // Mississippi lawmakers took steps in Jackson to help ensure that new construction in five coastal counties will protect residents from catastrophic events by passing tougher building codes, according to the Property...
Mar 20 2006 // A homeowners catastrophe product for residential dwellings in South Carolina’s coastal counties has been introduced by International Catastrophe Insurance Managers, LLC and Praetorian Financial Group, Inc....
Mar 16 2006 // Texas insurers are seeking state approval of a plan to bolster a windstorm insurance pool for coastal property owners at risk during hurricane season.The industry wants the Legislature to approve $800 million in bonds to...
Feb 28 2006 // New York’s homeowners insurance market is either strong, stable or fragile depending upon whether the speaker is an agent or an insurer.Also, Allstate Insurance Co.’s decision to limit its business in eight...
Feb 23 2006 // The New York homeowners insurance market is stable, according to the Property Casualty Insurers Association of America.Kristina Baldwin, PCI’s regional manager, will testify to that effect Monday before a hearing of...
Jan 24 2006 // Although the overall commercial property/casualty marketplace has seen little impact from the severe 2005 hurricane season, coastal property is experiencing a sharp increase in prices for wind and flood coverage, according...
Jan 23 2006 // For insurers facing extraordinary exposure from Hurricanes Katrina and Rita, unmatched losses beyond any other natural disasters in U.S. history, the bad news continues. Serious mold contamination is now threatening...
Jan 12 2006 // Allstate, New York State’s biggest writer of homeowners insurance, is pulling back from writing new business in New York metropolitan coastal areas in order to limit its exposure to future storm losses.The insurer...
Jan 9 2006 // Hearings to decide on rates for the homeowners insurance residual market in Massachusetts have been going on since November and are likely to continue for several more months, according to officials.The three major parties...
Dec 27 2005 // Many property owners on the Mississippi coast will get a tax break in 2005.Harrison and Jackson counties will offer a one-third reduction in assessed value on damaged or destroyed buildings, minus what is recovered from...
Dec 15 2005 // The Citizens Property Insurance Corp. board of governors has decided to approve higher premium increases that average 45 percent on Florida’s coast and 21 percent inland.The state’s insurer of last resort had...
Dec 13 2005 // Tsunami waves generated by a large offshore earthquake would threaten at least 1 million coastal residents in California and inundate the nation’s largest port complex, according to a new report.The study, released...
Nov 16 2005 // A major hurricane making landfall in the New York City metropolitan area would result in approximately $50 billion of insured losses with total economic losses exceeding $100 billion, according to an expert testifying...
Oct 19 2005 // NSM Insurance Group of Conshohocken, Pa. is buying the coastal condominium, hotel and motel insurance program of Reich Insurance Associates, announced Geof McKernan, chief executive officer of NSM. CHAMP, as the program is...
Sep 19 2005 // North Carolina insurance companies began taking claims on Friday from coastal residents who lost property due to Hurricane Ophelia and reported claims varied from minor to severe.Several carriers, like Allstate, had moved...
Jul 22 2005 // During this already active hurricane season, officials at the Texas Department of Insurance are reminding all Gulf Coast home and business owners that is important to periodically review your insurance policies to ensure...
Jul 6 2005 // Concern over insurance for coastal properties is mounting in Rhode Island, where markets are tight despite the fact that no hurricane beyond a category 1 has hit since Hurricane Carol in 1954.Some 30 Rhode Island...
Jun 9 2005 // Tropical Storm Arlene, the first named tropical storm of the 2005 hurricane season, is developing in the northwest Caribbean. Tropical storms have top sustained winds of 39 mph to 74 mph.NOAA forecasters predict the storm...