Latest Coastal Headlines

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

South Central Homeowners Market Update

Apr 4 2005 // Judging from the homeowners insurance rate changes reported by the Arkansas Insurance Department for 2004, the highest increases were effective before August.The largest hike, 28.3 percent, was filed by Federal Insurance...

Homeowners Moving to the West Coast

Apr 4 2005 // Whether your client owns a multi-million dollar home overlooking the Pacific Ocean or a small bungalow tucked away a mile from the beach, it is your responsibility to find the right homeowners insurance coverage that will...

Insurers: N.Y. Coastal Property Market Restored

Oct 22 2004 // While affordability is still an issue, insurance coverage is now widely available in coastal areas of New York, according to the New York Insurance Association (NYIA).Addressing a public hearing before the New York State...

Wind Insurance Hikes Slap Coastal Residents

Oct 15 2004 // Coastal homeowners are getting socked again, and it has nothing to do with Charley, Frances, Ivan or Jeanne.Homeowners who buy hurricane insurance on their homes through Citizens Property Insurance Corp., the state’s...

Texas Gov. Requests Hurricane Preparedness Report

Oct 6 2004 // Texas Gov. Rick Perry notified legislators from coastal areas across the state that he has directed Homeland Security Director Steve McCraw to assess Texas’ ability to handle large scale evacuations in the event of a...

Texas Coastal Residents Advised to be Prepared

Sep 23 2004 // Should Tropical Storm Ivan cause widespread damage from high winds and wind-driven rain along the Texas Gulf Coast those who sustain damage are urged to have patience since many adjusters have been assigned to Florida,...

RMS: Potential Losses for Ivan $4 to $10 Billion

Sep 15 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, said that insured losses in the U.S. could range from $4 to $10 billion if Hurricane Ivan follows the latest...

Ala. Gov. Declares State of Emergency Voluntary Evacuations of Coastal Areas; Price Gouging Laws Also Take Effect

Sep 14 2004 // Gov. Bob Riley has declared an official state of emergency in Alabama due to the imminent threat posed by Hurricane Ivan.The emergency declaration enables the Governor to invoke various emergency preparedness measures...

Insurers to Coastal Residents in Texas: Be Prepared

Aug 30 2004 // Residents along the Gulf Coast of Texas can learn a lot from the experiences of those people in Florida who were victims of Hurricane Charley, according to Jerry Johns, president of Southwestern Insurance Information...

ALLSTATE STUDY WARNS ON COASTAL FLOODS:

Jun 21 2004 // Allstate Insurance Company said a study it conducted in 2003 identified more than 750,000 homes in coastal hurricane states that may not have flood insurance. The study looked at current Allstate homeowners insurance...

Allstate Study Warns on Coastal Floods

May 26 2004 // Allstate Insurance Company announced that a study it conducted in 2003 identified more than 750,000 homes in coastal hurricane states that may not have flood insurance. The study looked at current Allstate homeowners...

Ga. Commissioner Urges Coastal Business Owners to Prepare for G8 Summit

May 13 2004 // With the G8 Summit at Sea Island, Ga., less than a month away, Georgia Insurance Commissioner John Oxendine said local business owners may want to check their insurance policies to be sure they have adequate...

Mass. Eyes Fla.-style Hurricane Fund to Ease Coastal Homeowners Crisis

Mar 22 2004 // Massachusetts officials, searching for ways to ease a homeowners insurance availability crisis on Cape Cod and other coastal areas, are researching how Florida dealt with its insurance difficulties 10 years ago when it set...

Louisiana Senator Wants Committee to Study Coastal Erosion Costs

Mar 2 2004 // Louisiana State Sen. James David Cain, R-Dry Creek, the chairman of a state Senate committee on insurance wants to study the costs of coastal erosion on homeowners’ insurance rates. According to the Associated Press,...

Mission Possible: Bringing Insurers Back to Louisiana

Jan 26 2004 // If the Professional Insurance Agents of Louisiana, the Independent Insurance Agents and Brokers of Louisiana (IIABL) and Louisiana’s insurance commissioner have their way, the state will soon be flooded with insurers...

N.C. ‘Beach Plan’ to Offer HO Policies for Coastal Residences

Jul 23 2003 // North Carolina Insurance Commissioner Jim Long and State Senator Scott Thomas announced a new law which is expected to alleviate the homeowners insurance crisis currently felt by residents of North Carolina’s 18...

Bill to Revamp State-Run Plans Passes in La.

Jun 25 2003 // A Louisiana bill that would overhaul the state’s FAIR and Coastal plans passed both the Senate and House and is headed to Gov. Mike Foster’s desk for his signature.House Bill 1788, which creates the Louisiana...

La. House Committee Approves Bill Pairing Coastal & FAIR Plans

May 6 2003 // The Louisiana House Insurance Committee approved a bill combining the Coastal and FAIR Plans, two of the state’s so-called “insurers of last resort,” under a new state-created entity called the Louisiana...

N.C. Coastal Bill Seeks Balance on Insurance Rates

Oct 8 2002 // The latest version of a coastal insurance bill requires that the North Carolina Beach Plan provide a homeowners policy with rates that are not “inadequate, excessive or unfairly discriminatory,” and which must...

FEMA Study Predicts Massive Coastal Erosion

Jul 10 2000 // One out of every four houses within 500 feet of the U.S. shoreline will become a casualty of erosion within the next 60 years.This hard-hitting fact is among many included in the report, Evaluation of Erosion Hazards,...