Bamboo Insurance has partnered with XL Catlin to make its bow in the California home insurance sector. The company will offer home owners HO-3 policies, which cover them against damage caused by fire, smoke, riots and aircraft, among other hazards. “Home insurers are increasingly looking for ways to protect their customers from these types of events,” said Mark DePinto, president of XL Catlin.
Bamboo Insurance has partnered with XL Catlin to make its bow in the California home insurance sector. The company will offer home owners HO-3 policies, which cover them against damage caused by fire, smoke, riots and aircraft, among other hazards. Bamboo aims to use technological innovations to focus on "transparency and advocacy", transforming a sector that Bamboo CEO John Chu said "borders on adversarial".