Insurers Shrink From Coasts
Monday, February 19th, 2007 Catastrophe PropertyAs insurance companies retreat from their coverage of coastal areas along the Eastern Seaboard, legislators in Annapolis and other state capitals are stepping in to protect homeowners faced with fewer and fewer options. Maryland legislators have grilled insurance executives at hearings and introduced bills that would force companies to cover all areas of the state. Lawmakers also are looking at granting the state’s top regulator more authority over the industry, and offering tax breaks to encourage residents to safeguard their homes against storm damage.
External References & Further Reading
http://www.baltimoresun.com/news/local/bal-te.md.coastal18feb18,0,240422.story
