Nueces County approves lower storm coverage, discusses parametric insurance for pier and coastal assets
The county voted to renew property and casualty insurance with a recommended $50 million named-storm limit (down from $100 million), accepting higher deductibles on barrier-island properties while asking staff to explore parametric policies that could provide targeted payouts for a new pier and coastal concessions.
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NUECES COUNTY — Nueces County commissioners voted May 24 to renew the county—alendar-year property and casualty program with a $50 million named-storm loss limit, a change the county—onsultant said was driven by dramatically higher market pricing and shrinking insurer capacity.
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