Orion180 expands into two new states

Orion180 has introduced the enlargement of its owners insurance coverage merchandise into Georgia and Indiana.

Orion180 will supply the protection by way of impartial company distribution companions within the states and can underwrite the merchandise by way of Orion180 Choose Insurance coverage Co., an admitted insurance coverage firm domiciled in Indiana. The corporate is searching for distribution companions in each states.

The agency was just lately ranked quantity 229 on the 2023 Inc. 5000 listing of the nation’s fastest-growing firms, and quantity three amongst insurance coverage firms. Between 2019 and 2022, it skilled development of two,441%.

Along with Georgia and Indiana, Orion180 at the moment operates in Alabama, Florida, Mississippi and North Carolina. It affords protection in non-coastal areas by way of its admitted service, Orion180 Choose, and in coastal areas by way of its surplus strains service, Orion180 Insurance coverage Co.

“Getting into the Georgia and Indiana owners markets is a part of Orion180’s strategic plan to supply insurance coverage options to coastal and non-coastal areas within the South and Midwest,” mentioned Kenneth Gregg, founder and CEO of Orion180. “We envision delivering admitted and non-admitted owners’ options to coastal and non-coastal areas on a semi-national foundation.”

The corporate has submitted regulatory purposes in Arizona, North Carolina and Ohio.

Gregg mentioned that the corporate’s enlargement within the South and Midwest will assist meet the areas’ insurance coverage wants.

“A few of these areas nonetheless really feel the opposed affect of climate disasters, claims incidents and decreased underwriting capability for owners’ insurance coverage,” he mentioned. “Orion180’s strong monetary assets, substantial reinsurance help and sound underwriting practices permit us to convey these markets a premier insurance coverage expertise for patrons and impartial agent companions.”

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