coastal homeowners insurance News

Velocity Risk Underwriters Expands Coverage to Coastal Homeowners in New Jersey

Velocity Risk Underwriters, LLC, has expanded its home insurance products to include coastal homeowners policies in New Jersey. According to Jose de Diego, director of Independent Agencies, New Jersey is the sixth state Velocity Risk offers homeowners insurance to coastal …

Narragansett Bay Insurance Names Hutchinson Assistant VP, Territory Manager

Narragansett Bay Insurance Co. has named Peter Hutchinson an assistant vice president and Rhode Island and Massachusetts territory manager. Hutchinson will be responsible for partnerships with NBIC’s agents and industry associations, profitable growth, and service delivery in Rhode Island and …

South Carolina Issues Data Call of Risk Mitigation Policy Discounts

The South Carolina Department of Insurance (SCDOI) has issued a data call for property and casualty insurers writing residential property in the state in an effort to inform South Carolina’s coastal homeowners of the discounts available for performing risk mitigation …

Anchor P&C Is Newest Florida Homeowners Insurance Carrier

Anchor Property and Casualty Insurance Co. became licensed by the Florida Office of Insurance Regulation (OIR) on Oct. 28 to write homeowners insurance business in the state. At the same time, the company has been approved to assume approximately 50,000 …

Home Insurer Narragansett Bay Expands Its Coastal Capacity in Mass., R.I.

Pawtucket, R.I.-based home insurer Narragansett Bay Insurance Company (NBIC) said it is increasing its capacity for coastal homeowners insurance through select agency partners. The company said it is expanding its coastal capacity for Cape Cod, Plymouth County, the North Shore, …