With this week living up to its billing as the peak of hurricane season, itÃ¢â‚¬â„¢s a good time to review coastal property exposures. The total value of insured coastal property nationwide was $8.9 trillion in 2007, up 24 percent from 2004, according to AIR Worldwide. Florida still leads the way with nearly $2.5 trillion in insured coastal exposure, followed closely by New York with $2.4 trillion. With all eyes on the Gulf coast, we note that Texas ranks third with $895.1 billion in insured coastal exposure. The next Gulf states on the list are: Louisiana ($224.4 billion), Alabama ($92.5 billion), and Mississippi ($51.8 billion) respectively. Meanwhile, Colorado State UniversityÃ¢â‚¬â„¢s Tropical Meteorology Project today will issue its latest updated forecastÃ‚ of Atlantic seasonal hurricane activity. After GustavÃ¢â‚¬â„¢s arrival this will be received with interest. Check out I.I.I. hurricane fact files and market shareÃ‚ for Gulf CoastÃ‚ states.