coastal homes News

Flood Insurance Premiums Vary for New Jersey Residents

If flooding were a real concern for Taylor Rambo, he says he wouldn’t have built a bar in his basement. Yet he pays about $2,700 each year for flood insurance that he is required to have as part of his …

Bill to Delay Flood Insurance Hikes Likely to Pass in a Few Days

Bipartisan legislation that would delay flood insurance premium hikes for hundreds of thousands of people living in coastal and low-lying areas cleared its first hurdle in the Senate on Monday. The 86-13 vote demonstrated that the measure had filibuster-proof support …

Citizens Raising Homeowner Insurance Rates in Louisiana

East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed rate filing. Statewide, Citizens personal lines, …

Alabama’s Coastal Counties Getting FEMA Grant

Alabama is getting a federal grant to help homeowners in the state’s two coastal counties retrofit their homes against wind damage. State officials and officials from Mobile and Baldwin County are scheduled to announce the grant Friday morning in Mobile. …

Florida County Affected by Flood Insurance Hikes

Hillsborough County doesn’t have a single house on the Gulf of Mexico and only about 2,000 that directly front a bay. Nonetheless, there are thousands of other single-family homes – modest bungalows as well as million-dollar mansions – that could …

Parnell Declares This Tsunami Preparedness Week

Gov. Sean Parnell has declared this Tsunami Preparedness Week in Alaska. Parnell, in his proclamation, says Alaska’s vast coastline is home to many communities that are vulnerable to tsunamis. He says the state also falls within one of the most …

Alabama Governor Favors Grants for Windproofing Homes

Some of the money that Alabama receives from BP over the Gulf oil spill could end up helping coastal residents make their homes more resistant to wind damage from hurricanes. That is one of the recommendations from a commission that …

Travelers, Habitat for Humanity Join Forces to Build Safer Homes in Coastal Regions

The Travelers Foundation, the charitable division of The Travelers Companies, Inc., announced a new initiative with Habitat for Humanity International and the Insurance Institute for Business & Home Safety (IBHS) to invest in the resilience of local communities by building …

Proposals for Reducing Citizens Headed to Cabinet

Citizens Property Insurance Corp. plans to eliminate homeowners coverage on roughly 7,500 coastal homes valued at $2 million or more and reduce the amount of homeowner liability coverage in a measure designed to reduce the size of the state-backed insurer …