Venture Programs Selects Vortex Weather Insurance as Partner to Provide Parametric Rain & Hurricane Insurance to Private Golf Clubs

PR Newswire

Agreement marks Vortex's first MGA agreement with nation's leading insurer of private clubs and golf properties

OVERLAND PARK, Kan., Feb. 20, 2024 /PRNewswire/ -- Venture Insurance Programs, a prominent insurance Program Manager specializing in private clubs, selects Vortex Weather Insurance, a leading insurtech specializing in weather risk management for outdoor venue hosts and golf clubs, to be their sole provider of parametric weather insurance policies. This agreement represents Vortex's first partnership as a managing general agency (MGA).

Vortex's expertise rests in providing customized parametric Rain and Supplemental Hurricane insurance policies to help protect businesses in a variety of industries from lost revenue and increased costs due to adverse weather. Venture is a best-in-class insurance intermediary that works with top-rated insurance companies, independent specialty claims administrators, and strategic partners to help clients better control their exposure to risk. Through Venture, agents, brokers, or their insureds can protect private club events, as well as various outdoor events including concerts, sporting events, races, fairs, holiday and community events, and more.

Clubs will now have access to Vortex's parametric weather risk insurance, ensuring that their outdoor events are shielded from potential financial losses caused by adverse weather. A key area of interest for Venture is Vortex's transparent claims process that issues clients' claim payments typically within two weeks, offering immediate financial support to insured clubs or charities.

"We are thrilled to announce this strategic partnership with Vortex Weather Insurance," said Philip Harvey, Jr., EVP of Operations at Venture Insurance Programs. "This collaboration allows us to provide our agents and brokers with cutting-edge weather insurance for not just their club accounts and charities, but for dozens of outdoor and special events. This not only supports Venture's commitment to private clubs, but also supports our client brokers seeking weather insurance for other special events."

"This marks our first MGA partnership and we are excited that it is with a market leader in Venture Insurance Programs as we expand our expertise in weather risk management to the private club sector," said Eric Anderson, Director of National Sales - Golf at Vortex Weather Insurance. "Together, we aim to empower private clubs with the tools they need to navigate and mitigate the impact of adverse weather conditions on their events and operations."

For more information about Venture's new Rain and Hurricane Weather insurance products, please visit: https://ventureprograms.com/programs/weather-insurance/

ABOUT VORTEX WEATHER INSURANCE:

Vortex Weather Insurance (dba Vortex Insurance Agency, LLC) is a data-driven weather risk insurtech that offers businesses a variety of affordable parametric weather index insurance products, now including supplemental hurricane insurance. Since 2008, Vortex has provided insurance for outdoor events ranging from fairs and festivals, motorsports, youth sports, parades, professional golf tournaments and golf clubs to outdoor theaters, haunted houses and holiday light events. Insurance is underwritten by Mitsui Sumitomo Insurance USA, Inc. (MSU), admitted in all 50 states and has an AM Best rating of A+ (Superior). Contact us at vortexinsurance.com

ABOUT VENTURE INSURANCE PROGRAMS:

Venture Insurance Programs is a leading insurance provider specializing in coverage for private clubs, including golf, country, tennis, fitness and social clubs as well as nonprofits and small businesses. With a focus on delivering tailored insurance solutions, Venture is committed to providing agents and brokers with all-lines and best-in-class insurance and risk management services for their insureds.

CONTACT INFORMATION:
Vortex Weather Insurance
Eric Anderson
203-550-6150
[email protected]