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Coastal American Insurance Co. Rolls Out a Historic First: Private Flood Endorsement, Powered by WaterStreet

By August 30, 2016July 17th, 2023No Comments


August 30, 2016


Erica Schatte

WaterStreet Company


Coastal American Insurance Co. Rolls Out a Historic First: Private Flood Endorsement, Powered by WaterStreet

KALISPELL, Mont., August 30 — As extreme weather events become more frequent, the Coastal American Insurance Company has responded by introducing the nation’s first combined wind and flood insurance policy. According to Coastal American president Ned Dolese, the new private flood endorsement is designed to eliminate disputes over concurrent causation, which often arise when storms hit coastal areas.

The WaterStreet Company, which provides operational and technical support for property and casualty insurance carriers across the U.S., worked closely with Coastal American to bring the endorsement online and develop functionalities for automating the underwriting and policy management process.
The WaterStreet system allows Coastal American to underwrite risk on the basis of specific elevation and distance to water. These factors enable an insured party to choose a combined wind-and-flood deductible and, in most cases, to reduce the policy’s cost.

Calling the endorsement a “game changer,” Mr. Dolese described it as an alternative to the Federal Insurance and Mitigation Administration’s National Flood Insurance Program. “I was confident that WaterStreet would give us—and our customers—the functionality we needed to automate the process, and to quote and book policies upon roll-out. Now that we’re marketing it, I can say that WaterStreet fulfilled all of my expectations.”

“We’re excited about collaborating in this unique endeavor,” said WaterStreet Company president Gregg Barret, “and equally excited that our clients feel they can rely us in bringing new products to market. We especially thank Ned and his team for their creative vision.”

About Waterstreet

WaterStreet Company, based in Kalispell, Mont., supports the operational and technical needs of property and casualty insurance carriers. Combining the latest in real-time, rapid-response technology with a highly experienced team of service professionals, the WaterStreet solution encompasses all sales and service functions. As a result, WaterStreet clients work more efficiently, manage headcount and cost more effectively and find time to focus on core objectives. For more information, visit

About Coastal American Insurance Company

Headquartered in Gulfport, Miss., Coastal American Insurance Company focuses on providing Gulf Coast home owners with access to quality, affordable home insurance at a reasonable fee. Coastal American’s mission is to supply both agents and insured parties with outstanding service, and to satisfy all of their insurance needs. As Gulf Coast residents, Coastal American team members understand the complex challenges of offering complete property and flood insurance policies for a variety of property types in the region. For more information, visit

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