Reinsurance News
Vortex Insurance Agency
Vortex expands its hurricane insurance program for SMEs
7th March 2025
Parametric weather insurtech Vortex Insurance has expanded its hurricane insurance program to provide supplemental coverage for all hurricane categories (1-5) which includes fast, automatic payouts, and zero deductibles for businesses along the Gulf and Atlantic coasts, with limits up to $1 million. Higher coverage amounts can also be requested through Vortex ... Read the full article
Vortex increases parametric hurricane insurance limit to $500,000
18th September 2024
Vortex Weather Insurance, a parametric weather insurtech, has announced an increased available limit of $500,000 for its parametric hurricane insurance, available to businesses along the Atlantic and Gulf Coasts. This type of insurance provides supplemental coverage triggered by specific data, helping to cover unexpected costs such as deductibles and lost business ... Read the full article
Vortex’s parametric rainfall cover triggered at PGA Tour Champions event
23rd July 2024
The DICK's Sporting Goods Open, PGA TOUR Champions Event received rain from June 21–June 23, triggering their parametric rainfall insurance policy with Vortex Weather Insurance, the data driven weather risk insurtech, which resulted in the tournament operator Broome County Community Charities, Inc., (BCCC) receiving payouts that helped with lost revenue ... Read the full article
Venture Programs selects Vortex as parametric partner for private golf clubs
23rd February 2024
Venture Insurance Programs has chosen Vortex Weather Insurance, an insurtech specialising in weather risk management for outdoor venue hosts and golf clubs, to be their sole provider of parametric weather insurance policies. This agreement represents Vortex's first partnership as a managing general agency, with clubs now having access to its parametric ... Read the full article
Vortex Insurance parametric cover triggered at PGA TOUR Champions Event
19th July 2023
The DICK'S Sporting Goods Open received rain from June 23-25, triggering their rain insurance policy with Vortex Weather Insurance, which resulted in the tournament operator, Broome County Community Charities, receiving payouts that helped with lost revenue. Earlier this month, it was announced that for the second consecutive year, Vortex Weather Insurance ... Read the full article
Vortex’s supplemental parametric hurricane insurance now available
27th June 2023
Vortex Insurance’s supplemental parametric hurricane insurance is now available online for for small and medium-sized businesses in parts of the US. Launched on March 2023, the insurtech company stated its supplemental hurricane insurance will work to cover gaps left in place by traditional insurance policies. The one-year supplemental coverage is triggered ... Read the full article
Vortex provides parametric rain cover to PGA golf event
22nd June 2023
It has been confirmed that for the second consecutive year, Vortex Weather Insurance will provide a rain insurance policy for the DICK'S Sporting Goods Open - a PGA TOUR Champions Event that takes place June 23–June 25 in Endicott, New York. John Karedes, Executive Director of DICK'S Sporting Goods ... Read the full article
Vortex to launch supplemental parametric hurricane insurance
9th March 2023
Parametric weather insurtech Vortex Insurance has announced the launch of a new insurance program that allows for the purchase of supplemental hurricane insurance for parts of the US. Set to launch in Spring 2023, Vortex's supplemental hurricane insurance will work to cover gaps left in place by traditional insurance policies. The one-year ... Read the full article
Vortex launches fully automated weather insurance portal
31st October 2022
Vortex Weather Insurance has announced that it will enhance its parametric weather index insurance offerings with an all-new, fully automated weather insurance portal. The company’s new Weather Insurance Portal is an industry-leading digital insurance platform that will allow event organizers and insurance brokers to quote, bind, and insure outdoor events online ... Read the full article
Vortex develops online portal for parametric rain quotes
12th November 2020
Weather risk agency Vortex Insurance Agency LLC has released a new online portal that provides businesses with access to parametric rain insurance quotes. Rain insurance premiums are based on a number of risk factors, including the event location, time of day, time of year, and historical weather data. And because the portal ... Read the full article
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