PLMR
- Palomar Holdings, Inc.
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Overview
Company Summary
Palomar Holdings, Inc. is an insurance holding company that specializes in providing residential earthquake insurance. They operate through their wholly-owned subsidiaries, including Palomar Specialty Insurance Company and Palomar Excess and Surplus Insurance Company.
Palomar Holdings focuses on offering insurance solutions to homeowners and residential property owners in regions prone to earthquake activity. Their primary product is earthquake insurance coverage, which protects policyholders from financial losses caused by damages resulting from earthquakes.
The company utilizes advanced technology and data analytics to evaluate risks and underwrite policies efficiently. They leverage their proprietary technology platform, known as Palomar Precision, to provide fast and accurate quotes, enabling customers to secure coverage quickly.
Palomar Holdings primarily serves homeowners, residential property investors, and other insurance carriers who seek to mitigate the earthquake-related risks in their portfolios. Their coverage options include both industry-standard policies as well as customizable solutions tailored to meet specific customer needs.
In addition to earthquake insurance, Palomar Holdings also offers specialty and commercial insurance coverages, such as wildfire, wind, and hurricane insurance. They continuously strive to innovate and expand their product offerings to address evolving risks in various geographical areas.
Overall, Palomar Holdings is a specialized insurance company focused on providing residential earthquake insurance and related coverage options to help safeguard homeowners and property owners from potential financial losses resulting from earthquake damages.