Orion180 opens homeowners practice in Alabama and Mississippi
Orion180 opens homeowners practice in Alabama and Mississippi | Insurance Business America
Property
Orion180 opens homeowners practice in Alabama and Mississippi
It follows a successful entry into another state
Property
By
Kenneth Araullo
Orion180 has commenced the issuance of homeowners insurance in noncoastal regions of Alabama and Mississippi this month through its admitted insurer, Orion180 Select Insurance.
With this development, Orion180 Select collaborates with nearly 2,000 independent agency distribution partners to offer homeowners coverage in Alabama and Mississippi.
The initial focal points for Orion180 in the homeowners’ insurance sector include Alabama, Florida, Georgia, Indiana, Mississippi, and North Carolina.
The company delivers coverage through its authorized carrier, Orion180 Select, in noncoastal areas, while its surplus lines insurance carrier, Orion180 Insurance, handles coastal regions. Specific coverage details vary by state.
Kenneth Gregg, CEO and founder of Orion180, said that this expansion is the latest in a series of steps that the insurer is taking to bring insurance capacity for homeowners in the Southwest.
“Numerous geographic markets continue to be negatively impacted by weather catastrophes, other claims events, and a contraction of homeowners underwriting capacity,” said Gregg.
“But given Orion180’s strong capital, significant reinsurance backstop, and underwriting discipline, we view these markets as opportunities to provide a premier insurance experience for customers and independent agent partners.”
Orion180 has also outlined plans for further geographic expansion in 2023 and 2024, including Indiana and Georgia, where it awaits insurance department approvals. The company also has regulatory applications pending in Arizona, New Mexico, and Ohio.
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