The Sun News | 02/01/2007 | State Farm drops coastal policies
Tough times for home owners seeking insurance (even those who didn't set their home on fire with burning underpants--see below):

State Farm Insurance Co., South Carolina's largest insurer of homes, said Wednesday it will drop almost 1,000 policies for homes on the oceanfront. The company's decision comes about a month after Allstate said it would drop 12,000 policies in order to minimize future hurricane risk. S.C. Farm Bureau Insurance started dropping 3,000 customers along the S.C. coast last fall.