New Paradigm Underwriters has launched a new risk transfer policy created to protect property and businesses from losses caused by hurricanes Most insurances only cover a fraction of the total losses a storm causes, however A.M. Best Hurricane PM fills all the gaps in traditional coverage. We are incredibly pleased to now see our technical capabilities used in New Paradigm’s innovative effort to reduce financial risk for property owners and businesses.” Furthermore instead of waiting for days for payment, hurricane season intends to facilitate loss payments within weeks or months of the named storm.
New Paradigm Underwriters has launched a new risk transfer policy created to protect property and businesses from losses caused by hurricanes Most insurances only cover a fraction of the total losses a storm causes, however A.M. Best Hurricane PM fills all the gaps in traditional coverage. Furthermore instead of waiting for days for payment, hurricane season intends to facilitate loss payments within weeks or months of the named storm.