Neptune Flood adds $100 million in premium capacity
August 24, 2023 - Officials with St. Petersburg-based Neptune Flood announced that new carrier programs and reinsurer relationships will provide over $100 million in additional premium capacity. The technologically focused flood insurance platform now features 23 carriers and reinsurers backing six unique programs. The announcement states that Neptune is preparing for an increasing demand for private flood insurance due to “increasingly uncertain climate scenarios.”