Golden Bear Insurance Company will be the carrier for an online residential earthquake deductible buyback program from Abacus Insurance Brokers, Inc.
The admitted program, distributed through the Los Angeles-based program manager, allows homeowners to reduce the deductibles on their existing earthquake policies to as low as 5 percent. The product is available in California to owners of single-family residences, duplexes, triplexes or fourplexes.
“We are excited about partnering with Golden Bear,” said Darren Lewin, vice president of program development, Abacus. “Golden Bear is an established California carrier with a depth of knowledge in earthquake exposures. We have selected a committed carrier and partner who will be instrumental in growing the program. “
Topics Catastrophe Natural Disasters
Was this article valuable?
Here are more articles you may enjoy.
Iran-Linked Hackers Restore Website After US Seizes Domains 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liability Cover 
FCC Bans Wireless Router Imports, Citing Security Concerns 
