Palisades Partners with NBIC to Offer New Jersey Coastal Coverage

June 3, 2009

Palisades Safety and Insurance Management Corp. and Narragansett Bay Insurance Co.(NBIC) have entered into an agreement allowing NBIC to offer coastal home insurance renewal quotes to former customers of Proformance Insurance Co., which Palisades acquired last year

Palisades is one of the largest independent agent-distributed auto insurers in New Jersey. The two companies announced the arrangement at a meeting last month with 150 independent insurance agents.

“Our partnership with Narragansett is about taking care of customers and our independent agents by providing them with options,” said Ed Fernandez, president and CEO of Palisades. “We are excited to find a quality and financially strong home insurance partner like Narragansett to offer these solutions.”

Narragansett will begin extending offers to customers on August 1.

Source: Palisades, Narragansett Bay Insurance Co.

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