The Rise of Non-Admitted Carriers in High-Risk States Like California

Non-Admitted Carriers

Kin Insurance Expands into California, Bringing Solutions to a Challenged Market California homeowners have long faced an uphill battle when it comes to securing affordable and comprehensive home insurance. This struggle has only been amplified by the growing threat of wildfires and other extreme weather events. With traditional insurers retreating from high-risk areas, the gap in coverage has widened. However, Kin Insurance, a direct-to-consumer insurtech player, has stepped in with a promise to tackle these challenges head-on. The California Insurance Crisis For years, large insurance companies have been reducing their…

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Strategic alliance formed between Aspen U.S. Insurance and V3 Insurance Partners LLC

Aspen U.S. Insurance has announced that it has formed a strategic alliance with the managing general underwriting agency, V3 Insurance Partners, in order to be able to sell the optional premises liability and miscellaneous professional liability program called Vantage 360® MPL+ to every state in the country. This program was created with professional service companies in mind; specifically those with less than $15 million in yearly revenues. The program is for wholesale brokers only by way of V3. Protection is made available on both a non-admitted and admitted basis. V3…

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