Thursday, July 16, 2009

Coastal Insurance Issues

One of the biggest concerns for coastal policy, planners, developers, and researchers is the issue of coastal property insurance. We have developed extensive material in the Coastal Policy and CZM course.

There was an interesting development in North Carolina that I wanted to share with you.
Here is the headline:

The North Carolina House blew through legislation fixing an underfunded coastal insurance program with steps that include tacking an extra charge on every property insurance policy in the state if there is a disastrous storm season.
As always I'd like you to read the story for yourself at NC House passes fix to coastal insurance plan

As you know there is a lot of hand wringing on insurance because coverage leads people to take big risks with their coastal building. Stay tuned!

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