Neptune Flood is expanding its digital flood insurance coverage to six new states. Sompo is expanding its primary professional lines insurance offering for private companies in the United States with a new offering.
Neptune Flood, a digital online flood insurance company, has expanded its coverage to residents of Missouri, Colorado, New Hampshire, Rhode Island, West Virginia, and Indiana.
Its coverage is now available in 27 states.
Neptune Flood offers a fully-automated service that allows homeowners to price their home’s risk for flood in real-time via advanced technologies and data analytics – offering quotes and the ability to buy flood insurance in under three minutes.
Neptune Flood offers coverage to people in all flood zones. The company’s advanced mapping technology offers highly accurate, real-time flood risk-evaluation.
Sompo International Holdings Ltd.’s U.S. platform has introduced a Management Assurance Policy (MAP), which expanded its primary professional lines insurance offering for private companies.
Through MAP, Sompo International offers new primary commercial crime and cyber liability insurance in addition to the company’s existing private company directors & officers liability, employment practices liability, fiduciary liability and professional liability coverages.
MAP’s modular format provides private companies with the ability to customize their coverage selections in a single policy tailored to their risk profile. Admitted in most U.S. states, the product targets private companies in all industries, not-for-profit entities, healthcare organizations and professional service firms.
Sources: Neptune Flood, Sompo International Holdings Ltd.