Neptune Flood Expands Capacity and Nationwide Availability
Neptune Flood Expands Capacity and Nationwide Availability
Neptune Flood, a leading provider of private flood insurance in the United States, recently announced significant growth in its insurance capacity, securing over $400 million in premium capacity for 2025. This increase from the previous year's $300 million underscores the company's ongoing expansion and confidence in the private flood insurance market.
Building Strong Partnerships in the Insurance Market
With a robust network of over 30 insurance and reinsurance partners, Neptune Flood's capacity panel includes both global reinsurers and specialty carriers. This diverse partnership provides essential support for Neptune's flood insurance portfolio and reflects a strong endorsement of its innovative, technology-driven underwriting capabilities.
Neptune Flood's CEO, Trevor Burgess, stated, "Securing over $400 million in premium capacity demonstrates the strong support we've built across the global insurance and reinsurance markets. Our AI-driven underwriting platform, Triton, continues to yield impressive results for our partners while making flood insurance more accessible for our policyholders."
Nationwide Availability for Flood Insurance Solutions
In an exciting development, Neptune Flood has achieved nationwide availability by extending its services to Alaska. This means that Neptune's private flood insurance products are now available in all 50 states, along with Washington, D.C. This expansion ensures that homeowners and businesses across the nation have access to critical flood insurance solutions.
Matt Duffy, the President of Neptune Flood, emphasized, "With this expansion, Neptune now provides a streamlined, digital flood insurance solution to property owners nationwide. This achievement highlights the capabilities of our innovative technology and the commitment of our partners to address the flood insurance gap in America."
Revolutionizing Flood Insurance through Technology
Neptune Flood has uniquely positioned itself in the market by utilizing proprietary AI-driven underwriting and machine learning technologies. This innovative approach aims to revolutionize the way homeowners and businesses protect themselves against the increasing risks associated with flooding.
The company's goal centers around simplifying the flood insurance process. Neptune offers instant, affordable, and comprehensive coverage that can be obtained in just minutes. This efficient model seeks to eliminate the unnecessary delays and complexities often seen with traditional insurance providers.
About Neptune Flood
Neptune Flood is dedicated to closing the flood insurance gap in the United States, making coverage widely accessible. With operations established in all 50 states and Washington, D.C., the company is committed to redefining how flood insurance is sourced and delivered, ensuring that property owners are protected against devastating flooding events.
Frequently Asked Questions
What type of insurance does Neptune Flood provide?
Neptune Flood provides private flood insurance solutions for homeowners and businesses across the United States.
How much premium capacity has Neptune Flood secured?
Neptune Flood has secured over $400 million in premium capacity for the year 2025.
In how many states is Neptune Flood's insurance offered?
Neptune Flood's insurance is available in all 50 states, including Washington, D.C.
What is Triton?
Triton is Neptune Flood's AI-driven underwriting platform that enhances the efficiency and effectiveness of their insurance solutions.
What is Neptune Flood's mission?
Neptune Flood's mission is to close the flood insurance gap and make flood coverage accessible to all property owners in the United States.
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