Palomar Specialty Insurance Company has formed a relationship with American National Property And Casualty Company to offer a comprehensive and competitive earthquake solution for American National’s customers. Palomar Specialty’s residential earthquake product will be offered through Palomar’s online portal that is accessed by American National’s agents.
“We are delighted to establish a relationship with American National to provide a full range of earthquake options to policyholders. We believe this arrangement highlights Palomar Specialty’s value proposition: insurance companies averse to earthquake exposure can rely on Palomar Specialty to offer an earthquake solution and supplement their homeowners business. In conjunction with American National, we offer competitively priced earthquake coverage to policyholders and provide American National’s agents a fast and easy to use quote-to-issue platform,” said President Heath Fisher.
The rollout of coverage offerings has commenced with American National agents in California, Oklahoma, Missouri, Tennessee, Washington, Arkansas, Utah, Indiana, Kansas, Nevada and Oregon, and has been met with initial success.
“Following the increase in Oklahoma earthquakes, we were looking for a policy that covered all causes of earthquakes, all types of damage, with an easy to use quoting system, which is exactly what we found with Palomar Specialty,” said Mike Kahn, Owner/Agent of Lynnae Insurance Group in Oklahoma.
About Palomar Specialty Insurance Company
Palomar Specialty Insurance Company (www.PalomarSpecialty.com) is a leading specialty insurer that focuses on catastrophe-exposed residential and commercial property lines of business. Palomar’s underwriting and analytical acumen allow it to concentrate on catastrophe insurance products including residential and commercial earthquake, multi-peril homeowners, residential hurricane, and commercial business written on an “all risks” basis in select hurricane exposed states. Based in La Jolla, California, the company is an admitted carrier in 23 states. Palomar Specialty has an A.M. Best financial strength rating of “A-” (Excellent).