Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. Based in Nashville, Tennessee, Velocity is a managing general underwriter (MGU) providing first-party insurance coverage for …
Velocity HoldCo, the parent company for Velocity Risk Underwriters, announced a joint venture with Louisiana State University (LSU) on a Gulf Coast-central hurricane model. The model uses daily data to predict US hurricane seasonal activity, representing a significant advancement in …
It’s no surprise that Florida carriers are raising homeowners’ insurance rates given several years of catastrophes and losses from litigation related to assignment of benefits and water damage claims. What may be surprising for insureds, however, is how substantial the …
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 …
Velocity Risk Underwriters has expanded its Florida products to include HO-6 (condominium) for primary, secondary, seasonal, long-term rental, and short term rentals (minimum two days). Velocity offers an A.M. Best “A” rated homeowners programs in Florida utilizing Texas-based State National …
Velocity Risk Underwriters is expanding its Texas insurance product offerings to include HO-3 for primary and secondary coastal homeowners. Velocity offers its A.M. Best “A” rated coastal homeowners programs in Texas through Texas-based City National Insurance Co. Velocity insures coastal …
Velocity Risk Underwriters has expanded its Florida products to include a landlords policy for rental properties (DP-3) for annual, seasonal, and vacation rentals. Velocity’s homeowners programs in Florida utilizes Texas-based State National Insurance Company. Velocity offers statewide coverage with a …
Velocity Risk Underwriters has expanded its Florida home insurance products and is now writing coastal homeowners policies statewide. Velocity offers an A.M. Best “A” rated coastal homeowners program through Texas-based State National Insurance Company. Velocity had been writing home insurance …
Nashville, Tenn.-based Velocity Risk Underwriters announced it is offering coastal wind-only homeowners insurance policies for customers that may otherwise be insured in the Texas Windstorm Insurance Association (TWIA). Velocity’s homeowners program is rated “A” by A.M. Best. The company is …
