Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with Safehub, a technology provider in seismic sensor and risk management solutions to offer a market-first, building-specific, sensor-based, parametric earthquake re/insurance product to clients globally. …
Digital flood insurance provider Neptune Flood has acquired Jumpstart Insurance Solutions, a parametric insurtech broker that offers parametric earthquake policies. Terms were not disclosed. Jumpstart, a licensed surplus lines insurance broker selling online and using Lloyd’s capacity, began offering earthquake …
Getting items on California’s surplus lines export list is no easy task. Just ask Ben McKay, executive director of the Surplus Line Association of California. McKay can recall only a few coverages that have been added in the last 10 …
Parametric earthquake coverage and terrorism coverage are among the potential items on the 2019 Export List hearing being held next month by the California Department of Insurance. Adding a risk or coverage to the export list requires evidence there isn’t …
