Neptune Flood, the largest private provider of flood insurance in the United States, has achieved a significant milestone by surpassing $200m in premium revenue.
This milestone represents a remarkable feat, as Neptune Flood now accounts for over 5% of the National Flood Insurance Program’s (NFIP) size.
With the newly raised funds, Neptune Flood aims to further enhance its position as a leading flood insurance provider. The additional capital will be channeled into improving the customer experience, expanding their coverage options, and continuing to offer competitive rates.
In addition to this achievement, the company has announced seven new members to its recently established advisory board.
They are as follows:
- Jim Albert, co-founder of Neptune and former CEO.
- Brad Emmons, former CEO of Orchid and an active investor and advisor in the industry.
- Bill Martin, leader of large insurers and startups, with experience in regulation and catastrophe coverage.
- David Paulsson, President of MS Transverse and an expert in alternative assets and insurance.
- Jessica Snyder, President of U.S. Insurance for Argo Group, with deep industry experience.
- Keith Wolfe, former President U.S. P&C for Swiss Re and experienced Board Director.
- Roy Wright, President & CEO of the Insurance Institute for Business & Home Safety, and former chief executive of NFIP.
Neptune Flood is known for its innovation in flood insurance solutions for both residential and commercial properties. The company leverages advanced technology, data analytics, and user-friendly online tools to provide customers with efficient and customised flood insurance policies.
With a mission to simplify the insurance-buying process and offer competitive rates, Neptune Flood has become a trusted name in the industry. The company is backed by top-rated insurance carriers, ensuring financial protection in the event of a flood.
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