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Insured value of properties in coastal areas to double in ten years: AIR Worldwide Analysis

Over the past three years, the insured value of properties in coastal areas of the U.S. continued to grow at a compound annual growth rate of more than 7 percent, according to a report by catastrophe risk modeling firm AIR Worldwide Corp. Despite the

By Staff Writer | Updated on June 15, 2008

Over the past three years, the insured value of properties in coastal areas of the U.S. continued to grow at a compound annual growth rate of more than 7 percent, according to a report by catastrophe risk modeling firm AIR Worldwide Corp.

Despite the recent weakening of the real estate market in many areas, the insured value has maintained an annual growth rate that will lead to a doubling of the total value every decade.

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