Palomar Insurance Corporation

palomarins.com

Celebrating over 60 years of service, Palomar Insurance Corporation along with Palomar Plus continue to grow through excellent service to our customers. We serve both domestic and international customers and design insurance packages that fit there financial and risk needs. Our corporate office is located in Montgomery, AL with business offices in Montgomery, AL, Atlanta, GA., Birmingham, AL. and Troy, AL..

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XCEEDANCE SNAPS UP ACTIVER SOLUTIONS

Xceedance, Activer Solutions | January 22, 2020

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Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain services, has announced the acquisition of Activer Solutions. Massachusetts-based Activer Solutions specializes in insurance operations and technology services for front-, middle, and back-office operations of property and casualty insurers. Over the next few months, Activer Solutions will be absorbed into Xceedance’s US operations. “The US property and casualty insurance...

Read More

SPECIALTY INSURANCE SECTOR COULD BE FACING A MASSIVE CORONAVIRUS HIT

Insurance Business America | April 02, 2020

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A new release from financial analysis firm Demotech has revealed that in addition to the business interruption insurance segment, there is another sector facing immense stress caused by the COVID-19 pandemic – credit insurance. According to the release, there were 102 insurers as of December 31, 2019 that reported direct premium written for credit insurance. Direct premium written for credit insurance for those insurers was $2.2 billion at year-end 2019. Of the 102 credit insurers, the top...

Read More

INSURANCE TECHNOLOGY

DEMOTECH WITHDRAWS FINANCIAL STABILITY RATINGS® ASSIGNED TO LIGHTHOUSE PROPERTY INSURANCE CORPORATION AND LIGHTHOUSE EXCALIBUR INSURANCE COMPANY

Demotech, Inc. | April 01, 2022

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Effective March 29, 2022, Demotech, Inc. withdrew the Financial Stability Ratings® (FSRs) previously assigned to Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company. Despite a substantial capital contribution in the fourth quarter 2021, the operating loss in 2021, which reflected the evaluation of losses and loss adjustment expenses associated with Hurricane Ida, resulted in a level of capitalization below what was needed ...

Read More

INSURANCE TECHNOLOGY

TONI DIGITAL SELECTS SOCOTRA TO POWER NEW TONI INSURANCE-AS-A-SERVICE TECHNOLOGY PLATFORM

TONI Digital | December 23, 2020

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TONI Digital, a leading European insurtech provider, has picked Socotra, the main cloud-native insurance center platform, to control the new TONI insurance-as-a-service innovation platform for the white-label insurance market. TONI Digital has built up an insurance-as-a-service arrangement enabling large corporations to rapidly enter the insurance market, generate income, and leverage existing brand and client bases. Based on Socotra's agile center platform, TONI Digital's...

Read More
news image

XCEEDANCE SNAPS UP ACTIVER SOLUTIONS

Xceedance, Activer Solutions | January 22, 2020

Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain services, has announced the acquisition of Activer Solutions. Massachusetts-based Activer Solutions specializes in insurance operations and technology services for front-, middle, and back-office operations of property and casualty insurers. Over the next few months, Activer Solutions will be absorbed into Xceedance’s US operations. “The US property and casualty insurance...

Read More
news image

SPECIALTY INSURANCE SECTOR COULD BE FACING A MASSIVE CORONAVIRUS HIT

Insurance Business America | April 02, 2020

A new release from financial analysis firm Demotech has revealed that in addition to the business interruption insurance segment, there is another sector facing immense stress caused by the COVID-19 pandemic – credit insurance. According to the release, there were 102 insurers as of December 31, 2019 that reported direct premium written for credit insurance. Direct premium written for credit insurance for those insurers was $2.2 billion at year-end 2019. Of the 102 credit insurers, the top...

Read More
news image

INSURANCE TECHNOLOGY

DEMOTECH WITHDRAWS FINANCIAL STABILITY RATINGS® ASSIGNED TO LIGHTHOUSE PROPERTY INSURANCE CORPORATION AND LIGHTHOUSE EXCALIBUR INSURANCE COMPANY

Demotech, Inc. | April 01, 2022

Effective March 29, 2022, Demotech, Inc. withdrew the Financial Stability Ratings® (FSRs) previously assigned to Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company. Despite a substantial capital contribution in the fourth quarter 2021, the operating loss in 2021, which reflected the evaluation of losses and loss adjustment expenses associated with Hurricane Ida, resulted in a level of capitalization below what was needed ...

Read More
news image

INSURANCE TECHNOLOGY

TONI DIGITAL SELECTS SOCOTRA TO POWER NEW TONI INSURANCE-AS-A-SERVICE TECHNOLOGY PLATFORM

TONI Digital | December 23, 2020

TONI Digital, a leading European insurtech provider, has picked Socotra, the main cloud-native insurance center platform, to control the new TONI insurance-as-a-service innovation platform for the white-label insurance market. TONI Digital has built up an insurance-as-a-service arrangement enabling large corporations to rapidly enter the insurance market, generate income, and leverage existing brand and client bases. Based on Socotra's agile center platform, TONI Digital's...

Read More