Palomar Holdings and Neptune Flood, in St. Petersburg, have announced a strategic partnership that will make Neptune the exclusive managing general agent for Palomar’s flood insurance offerings.
Neptune’s proprietary platform uses data science and machine learning to deliver rapid quotes and bind policies, offering an alternative to the National Flood Insurance Program. Palomar’s agents will transition to the Neptune platform, which provides enhanced coverage options and a more efficient user experience.
“Neptune is excited to add Palomar to our panel of top-tier carriers,” said Trevor Burgess, chairman and chief executive officer of Neptune Flood. “We look forward to welcoming Palomar’s flood customers to the Neptune platform and to increasing access to flood insurance nationwide.”
Palomar is a specialty insurer based in La Jolla, California.
