Delos Insurance Solutions says it has increased access to its insurance by more than 1 million homes in wildfire-stressed locations across California in the past 12 months with new capacity.
The property insurance MGA said it is also able to go into more areas due to its sophisticated wildfire model. The company’s increased confidence in its wildfire risk model led to 270,000 homes in the five counties surrounding the Eaton and Palisades fire footprints in Southern California becoming eligible. Model enhancements were aided by the injection of refined high resolution wind data as well as other datasets related to suppression efficacy and urban conflagration potential, according to Delos.
Related: Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk
The company said it is now able to write insurance coverage for 12 million homes across California.
Related: ‘Nation’s First’ Smoke Damage Standards Bill Wending Through California Legislature
Delos’ suite of homeowner programs includes HO-3 policies in California for primary, secondary and seasonal homes as well as vacant home policies. The programs can be accessed via Delos’ 14,000 California-based broker and agent distribution partners.
Was this article valuable?
Here are more articles you may enjoy.
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Business Interruption Claims Arising From the Middle East Conflict 
