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.
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve 
Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration 
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
