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. “
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