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.
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 New Paradigm's Hurricane PM fills all the gaps in traditional coverage. Furthermore instead of waiting for months for payment, Hurricane PM intends to facilitate loss payments within days or weeks of the named storm.