Assured Risk Cover (ARC) is marketing a new parametric hurricane insurance cover to Floridian buyers.
The Insurance Journal reported that the StormPeace product has been launched by the group, using insurance paper from Topa Insurance Company.
It has backing from a top five global reinsurer with ratings of A+ from AM Best and AA- from Standard & Poor's.
This is likely to be one of the large continental insurers, as Berkshire Hathaway has a higher rating and a standalone Lloyd...
If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership