- September 13, 2023
- Posted by: legaleseblogger
- Category: Related News
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Orion180 Expands Homeowners Insurance Coverage in Alabama and Mississippi
Launched in 2018, Orion180, a premier provider of insurance solutions, has recently started issuing homeowners insurance policies in noncoastal areas of Alabama and Mississippi. This expansion marks an important milestone for the company as it continues to grow and provide insurance coverage to residents in different regions.
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These new homeowners insurance policies are issued through Orion180 Select Insurance Co., the company’s admitted insurer. Orion180 has partnered with nearly 2,000 independent agency distribution partners in Alabama and Mississippi to offer homeowners coverage in noncoastal areas. For coastal areas, Orion180 Insurance Co., the company’s surplus lines insurance carrier, provides coverage. The specific coverage and policies offered may vary depending on the state.
In addition to Alabama and Mississippi, Orion180 has targeted several other geographic markets for homeowners insurance, including Florida, Georgia, Indiana, Mississippi, and North Carolina. This broad expansion plan demonstrates the company’s commitment to bringing comprehensive insurance solutions to a growing number of states.
CEO and founder of Orion180, Kenneth Gregg, expressed his enthusiasm for the expansion, stating, “This expansion to offer our admitted insurance program in Alabama and Mississippi is the latest in a series of steps Orion180 has taken to bring homeowners insurance capacity to the Southeast and other regions. It is part of our plan to deliver admitted and non-admitted homeowners insurance solutions to coastal and noncoastal areas in a growing number of states.”
Orion180 has ambitious plans for further geographic expansion in the coming years, including Indiana and Georgia where the company is awaiting insurance department approvals. The firm also has pending regulatory applications in Arizona, New Mexico, and Ohio, signaling its dedication to reaching more regions and providing reliable insurance solutions.
Gregg concluded, “Numerous geographic markets continue to be negatively impacted by weather catastrophes, other claims events, and a contraction of homeowners underwriting capacity. But given Orion180’s strong capital, significant reinsurance backstop, and underwriting discipline, we view these markets as opportunities to provide a premier insurance experience for customers and independent agent partners.”
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