New Paradigm Launches Supplemental Hurricane Insurance

New Paradigm Underwriters said it is delivering a new, risk transfer solution designed to protect property and businesses from the likely losses caused by hurricanes.

According to a company release, New Paradigm's Hurricane PM supplemental windstorm insurance provides affordable first dollar protection for almost any economic loss as a result of a named storm meeting or exceeding a pre-determined sustained wind speed in specific pre-determined locations.

"There's a tremendous disconnect between the true economic needs of recovery for property owners, public entities and businesses versus the protection typically provided to them under traditional insurance policies," said Evan Glassman, President and CEO of New Paradigm Underwriters. "Hurricane PM is now available to complement the traditional, indemnity-based coverages available in the insurance market to enable a more complete solution to the losses caused by hurricanes."

"We are delighted to be partnering with New Paradigm to provide the models and risk insights needed to grow this market," said Hemant Shah, co-founder and CEO, RMS. "Innovative solutions that help the market expand coverage are a top priority for us at RMS."

More information:

www.npuins.com

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