VYRD News

I Don’t Blame Vyrd. I Blame the System.

I had planned to write and try and answer the question, how can Demotech give a brand-new company (Florida newcomer, Vyrd Insurance) an A rating before they even write a single policy. As I looked into the rating process (which …

New Kid on Block Will Use Tech, Rapid Repair Networks to Survive Florida Market

When the Florida insurance world heard that a newly formed homeowners’ insurance carrier was stepping into the troubled Florida waters, reactions ranged from cynical to apoplectic. Few people have given the new company, known as Vyrd Insurance, very good odds …

New Insurer Sets Sail in Florida’s Stormy Waters, Credits Legislative Reforms

For the first time in almost a decade, a new insurance carrier is wading into the troubled Florida waters, and is expected to make take-out offers to more than 42,000 Citizens Property Insurance policyholders. VYRD Insurance Co., based in St. …