Palomar Specialty Insurance Company has partnered with Cabrillo Coastal General Insurance Agency, LLC (“Cabrillo”) to offer coastal homeowners insurance in Mississippi. Palomar Specialty is currently offering homeowners coverage through Cabrillo-appointed agents. Mississippi represents the second state in which Palomar Specialty offers homeowners insurance, with Texas being the first.
“Palomar Specialty is thrilled to partner with Cabrillo, a leading managing general agent with intimate knowledge of the coastal homeowners market along the Eastern seaboard and Gulf Coast. Our management team has significant experience in the wind-exposed property market, and has had initial success with its Texas homeowners program launched in 2015. Palomar Specialty’s focused approach near the coast will provide policyholders with comprehensive coverage in the event of a catastrophic hurricane or windstorm,” said Palomar Specialty CEO Mac Armstrong. “While earthquake coverage will always be core to Palomar Specialty’s business plan, expansion into Mississippi exemplifies our goal to diversify into attractive catastrophe insurance categories outside of earthquake.”
“We are excited to be partnering with a quality company like Palomar to bring an A-, AM Best rated homeowners option to the coastal areas of my better half’s native state of Mississippi. Our sales manager, Louis Antoon, is especially enthusiastic to be returning to his Mississippi roots. We are ready to deliver the quality claims service Mississippians deserve if and when a storm should strike,” said Cabrillo CEO Michael McNitt.
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).
The Founders of Cabrillo Coastal General Insurance Agency, Inc. (www.CabGen.com) have over 150 years combined experience with some of the most reputable companies in the Homeowners and Manufactured Homeowners insurance business. Cabrillo Coastal is the managing general agent for multiple insurance companies, offering protection along the Eastern seaboard and Gulf Coast.