|By PR Newswire||
|August 22, 2014 08:42 AM EDT||
LA JOLLA, Calif., Aug. 22, 2014 /PRNewswire/ -- Palomar Specialty Insurance Company, established in February 2014 as a specialty catastrophe insurer, is now licensed to write residential and commercial insurance in 14 states.
Palomar Specialty has initially focused on writing residential earthquake insurance, commercial earthquake insurance and difference in conditions ("DIC") in earthquake-exposed states including California, Oregon and Washington. In recent months, the company has expanded its licensure and is an admitted carrier in the following states: California, Oregon, Washington, Texas, Oklahoma, Missouri, Arizona, Nevada, Utah, Kentucky, Kansas, Indiana, Tennessee and Alaska.
"Palomar Specialty is swiftly responding to a market need by successfully broadening its geographic presence to serve both residential and commercial customers in earthquake-exposed regions throughout the United States," said Chief Executive Officer Mac Armstrong.
As Palomar Specialty expands into new geographies, the company will continue to leverage its expertise to provide a committed and stable presence in the catastrophe insurance marketplace.
Palomar Specialty was funded with $75 million of equity capital from private equity firm Genstar Capital Management, LLC and the management team. The Company has an A.M. Best financial strength rating of "A-" (Excellent).
Learn more about the company at www.PalomarSpecialty.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
SOURCE Palomar Specialty Insurance Company
Oct. 27, 2016 01:00 AM EDT Reads: 34,286
Oct. 27, 2016 12:45 AM EDT Reads: 2,139
Oct. 27, 2016 12:30 AM EDT Reads: 4,184
Oct. 27, 2016 12:00 AM EDT Reads: 11,125
Oct. 27, 2016 12:00 AM EDT Reads: 1,108
Oct. 27, 2016 12:00 AM EDT Reads: 3,534
Oct. 26, 2016 11:30 PM EDT Reads: 9,747
Oct. 26, 2016 11:00 PM EDT Reads: 637
Oct. 26, 2016 11:00 PM EDT Reads: 9,906
Oct. 26, 2016 11:00 PM EDT Reads: 3,917
Oct. 26, 2016 09:45 PM EDT Reads: 1,132
Oct. 26, 2016 09:45 PM EDT Reads: 3,663
Oct. 26, 2016 09:30 PM EDT Reads: 676
Oct. 26, 2016 08:15 PM EDT Reads: 1,475
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Oct. 26, 2016 08:00 PM EDT Reads: 1,577