SYS-CON MEDIA Authors: Doug Masi, Mat Mathews, Newswire, David Smith, Tim Crawford

News Feed Item

Palomar Specialty Insurance Company Expands Into New States

Catastrophe Insurer Now Licensed in 14 States

LA JOLLA, Calif., Aug. 22, 2014 /PRNewswire/ -- Palomar Specialty Insurance Company, established in February 2014 as a specialty catastrophe insurer, is now licensed to write residential and commercial insurance in 14 states.

Palomar Specialty has initially focused on writing residential earthquake insurance, commercial earthquake insurance and difference in conditions ("DIC") in earthquake-exposed states including California, Oregon and Washington.  In recent months, the company has expanded its licensure and is an admitted carrier in the following states: California, Oregon, Washington, Texas, Oklahoma, Missouri, Arizona, Nevada, Utah, Kentucky, Kansas, Indiana, Tennessee and Alaska.

"Palomar Specialty is swiftly responding to a market need by successfully broadening its geographic presence to serve both residential and commercial customers in earthquake-exposed regions throughout the United States," said Chief Executive Officer Mac Armstrong.

As Palomar Specialty expands into new geographies, the company will continue to leverage its expertise to provide a committed and stable presence in the catastrophe insurance marketplace. 

Palomar Specialty was funded with $75 million of equity capital from private equity firm Genstar Capital Management, LLC and the management team.  The Company has an A.M. Best financial strength rating of "A-" (Excellent).

Learn more about the company at

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC

SOURCE Palomar Specialty Insurance Company

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.