Reinsurance News

Velocity Risk Underwriters expands offering to North Carolina & New York

3rd April 2019 - Author: Luke Gallin

Coastal-focused property insurer, Velocity Risk Underwriters, LLC, recently announced the expansion of its home insurance offerings to provide homeowners policies in both North Carolina and New York.

Velocity Risk UnderwritersThe firm is licenced in 50 states as a general agency and underwrites property programs via A rated carriers.

In the aftermath of hurricane Harvey and Irma in 2017 and hurricane Michael last year, the firm states that its Claims unit helped clients start to recover within days of the storm, finalising claims faster than many other carriers.

“Velocity Claims is dedicated to providing all customers timely, accurate and friendly claims service on day-to-day claims, as well as catastrophe events, and we have a proven track record of performance that you can rely upon,” said the firm’s Chief Claims Officer, Rob Harden.

Commenting on the expansion into North Carolina and New York, Director of Independent Agencies, Jose de Diego said: “We are thrilled to add North Carolina and New York to our list of states where homeowners insurance will be available.

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“We’ve started visiting with agents and brokers in coastal communities, and they look forward to having a well-backed, financially stable insurer available to their customers. We know last summer was difficult for many homeowners in North Carolina who were affected by Hurricane Florence. While we hope another storm of this magnitude never hits the eastern seaboard again, if it does, we will be ready.”

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