In 2006, some 600,000 homeowners living in coastal areas that insurers consider high storm risk saw their insurance policies cancelled or not renewed. This includes coastal areas stretching all along the Gulf of Mexico and the Atlantic Ocean from Texas to New York. Allstate Insurance totally pulled out of Florida, leaving 650,000 policy-holders without insurance. A 2007 study by Environmental Defense showed that new policies in Miami, Florida are now costing residents 500% more than previous ones. In March 2008, State Farm, the last major insurer in coastal coverage, pulled out. It no longer will write homeowner policies within a mile of the Atlantic Ocean.