Florida Insurance Commissioner Kevin McCarty approved multiple rate hikes for Citizens Property Insurance, a major coastal property insurer in the state.

A property-casualty insurance trade group in New York said it is “surprised” that New York regulators issued proposed new regulations they say are designed to ensure that coastal insurance is available and affordable.

The U.S. Senate has approved extending the National Flood Insurance Program (NFIP) for one year.

Eight property-casualty insurers dominate the market for insurance coverage in most hurricane-prone states, according to Weiss Ratings.

New York lawmakers have amended a windstorm deductible bill in a manner that one industry trade group says would end the confusion over windstorm triggers for the state’s coastal property owners.

North Carolina’s insurance commissioner, Wayne Goodwin, is in a battle with a powerful member of the state Senate apparently over his handling of coastal insurance coverage.

Mississippi Gov. Haley Barbour has vetoed the allocation of $20 million by state legislators to subsidize the state’s Windstorm Underwriting Association (Windpool), calling such a move “not only unacceptable, but irresponsible.”

The difficulties coastal property owners in New York are having obtaining homeowners’ insurance will be discussed at a hearing today (May 10).

New York insurance regulators ordered two insurers to offer to reinstate 260 homeowners insurance policies after finding the companies improperly canceled or non-renewed the policies.

State Farm must offer to renew homeowners’ polices for 113 Long Island, N.Y., residents after the state’s insurance department found it used improper non-renewal notices, which failed to disclose the availability of other coverage options.