Topics Seventy percent of the people who were flooded by Harvey did not have flood insurance, and more than 70% of the losses from Harvey and Florence were in zones where flood insurance was not mandatory, Albert says. Nsure Insurance Services Inc. Our platform is always evolving to meet the needs of our customers and our agent network, and we cannot thank them enough for trusting Neptune. Thank you! Note: Not for payments.
The Neptune Flood Insurance annual revenue is estimated at < 1M. Following his graduation from George Washington University with a Bachelor of Business Administration in Finance degree in 2003, Jim spent eight years working in private wealth management at Morgan Stanley. Flood insurance policies that would not qualify for the NFIP (because clients picked better coverage than the NFIP offers): 60%. In October, Neptune acquired Jumpstart Insurance Solutions, adding parametric earthquake coverage to its portfolio. What are the steps along the way?
The result was affordable coverage for thousands of Americans delivered in an effortless, intuitive and on-demand platform. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
Previously, Jonathan served as Vice President and Chief of Staff for C1 Bank where he oversaw Investor Relations at the bank.
Were constantly updating our product suite, like increasing our coverage to $4 million in 2020, expanding to commercial and condominium products in 2021, and just this month adding Jumpstart parametric earthquake as an option in California, Washington and Oregon.
In NJ, insurance is underwritten by Palisades Safety and Insurance Association, Palisades Insurance Company, High Point Property and Casualty Insurance Company, High Point Safety and Insurance Company, High Point Preferred Insurance Company, Teachers Auto Insurance Company of New Jersey, Twin Lights Insurance Company, Rider Insurance Company, and Palisades Property and Casualty Insurance Company.
You provide me an address. Since then, Neptune has grown to reach 48 states plus Washington DC with residential, commercial, and condominium flood insurance products. 2022 Plymouth Rock Assurance.
Jim also served as the EVP Chief Risk Officer of C1 Bank, where he administered the banks corporate governance, risk management, anti-money laundering and consumer compliance programs.
Neptune Flood and Plymouth Rock Assurance Partner to Offer Flood Insurance Coverage Across the Northeast. So many alternatives.
Provider of flood insurance to 48 states + DC. They do not have a Financial Stability Rating from Demotech Inc. for their long-term stability. "We provide a first-class array of insurance products for home and business owners. TRB Development focuses on the acquisition and improvement of residential land along Floridas gulf coast and has more than 200 home sites currently under construction. We were not able to detect your location. Learn how you can stay waterproofed during the storm. [Storm Names] is approaching. Duis aute irure dolor in reprehenderit in, To view Neptune Floods complete valuation and funding history, request access, Youre viewing 3 of 3 competitors.
Customer Reviews are not used in the calculation of BBB Rating, BBB Tip: Preparing for and recovering from flooding, Need to file a complaint? Neptune Flood Insurance is a private company that has been in the industry for 6 years. More than 30 years into a career working mostly in data analytics and information technology, Jim Albert decided to start a company. This is a profile preview from the PitchBook Platform. Florida Trend Media Company490 1st Ave SSt Petersburg, FL 33701727.821.5800. Neptune's private flood insurance policy meets the qualifications for bank-mandated acceptance, which means that banks must accept Neptune as an NFIP alternative when flood insurance is required. That's a huge number.. ABOUT PLYMOUTH ROCK:Plymouth Rock Assurance was established to offer its customers a higher level of service and a more innovative set of products and features than they would expect from an insurance company. BBB Business Profiles are subject to change at any time. The Sunshine State has become an attractive place to livenot just for the tropical weather but also for its tax advantages. InOctober 2021, it acquired Jumpstart Insurance Solutions, adding earthquake insurance to its portfolio of technology-based policies. Plymouth Rocks innovative approach puts customers convenience and satisfaction first, giving them the choice to do business the way they want online, using a mobile device, by phone or with one of Plymouth Rocks independent agents.
Home > About Us > Newsroom > Press release listings > Neptune Flood and Plymouth Rock Assurance Partner to Offer Flood Insurance Coverage Across the Northeast, Hundreds of Plymouth Rock Independent Agents Will Have Access to Neptune Residential Flood Insurance. as required for Public Notices per F.S. Total funding of the company - $2M.
We provide a first-class array of insurance products for home and business owners.
"We provide a first-class array of insurance products for home and business owners.
The position of the CEO is occupied by Trevor Burgess. Our carrier rating takes into account several factors about the insurer, our industry-experienced research, policyholders feedback, and other publicly available data. Some discounts, coverages, payment plans, features and benefits are not available in all states and companies. Trevor is the former President & CEO of C1 Bank and its bank holding company, C1 Financial (NYSE: BNK). from 8 AM - 9 PM ET. We pull the data in.
We use technology to collect information that helps us enhance your experience and our products and services. Other product and company names are trademarks of their respective owners. Each underwriting and managed insurance company is a separate legal entity that is financially responsible only for its own insurance products.
Thanks to our customers and our agents for helping us hit 100,000 policies.
Neptune Flood Insurance is backed by some of the largest insurance markets in the world. As a matter of policy, BBB does not endorse any product, service or business. The headquarters for Neptune Flood are in 400 6th Street South Leadership. Business never covered our property for flood insurance because they called 9 months later to inquire if we would want coverage and I sent a online payment to a person representing himself as a seller of this product. Any unauthorized redistribution or reproduction of any copyrighted materials on this web site is strictly prohibited. A Neptune flood policy can provide the same coverage as the NFIP or broader coverage if selected as additional coverage. ", USPS Periodicals Permit Our platforms are tailored to provide the ultimate customer experience fast, easy, and customizable to the client, with additional coverage options, said Bill Martin, President and CEO of Plymouth Rock Home Insurance Group. St. Petersburg, FL 33701. We also take into account the carriers financial stability, organizational structure, and history as well as their historical claims payout data to generate our comprehensive carrier profiles with a low to high rating of between 1 to 5 stars.
So youre talking 1.4 million homes actually having insurance and 28.6 million that don't. Nsure Insurance Agency Inc. Jim joined Neptune in July 2018 as its Chief Risk Officer and provides oversight to the companys enterprise-wide risk management, regulatory compliance, and statistical analytics strategies to effectively translate the companys risk appetite into decision-making practices that support Neptunes innovative business model.
ABOUT NEPTUNE FLOOD:Neptune Flood is the largest entirely digital flood insurance company in the United States and is the alternative to the NFIP. How many employees does Neptune Flood have. Prior to Neptune Jean-Luc was a manager at Fortune 500 technology solutions provider, CDW, where he sold software and hardware directly to some of the largest companies in the United States before being promoted to International Client Strategy Manager overseeing a team responsible for cross border technology sales. Flood Valid cancellation reasons are outlined in the "Cancellation and Non-Renewal" section of the policy documents which you received when purchasing a policy with Neptune Flood. In two years, Jim Albert's flood insurance company has signed 15,000 policies in 37 states. We immediately do a call out to public sources. Win whats next. After its initial launch in Florida, Neptune Flood quickly expanded to 48 U.S. states and Washington, D.C., and saw its revenue rise from $1.5 million in 2018 to $7 million the next year. Neptune also offers a reduced waiting period of only 10 days compared to the 30-day waiting period under the NFIP.
Trevor Burgess will assume the role of CEO and Jim Albert will take on the role of chairman in order to most effectively tackle the next stage of strategic growth post-startup, the company said in a statement. With this financial stability, Neptune feels confident in waterproofing peoples lives day in and day out with high limits and additional coverages. Neptune Flood is a private flood insurer vs the government-backed NFIP. They are significantplayers in the U.S. market and are rated A (Excellent) or better by A.M. Best.
C1 Bank was acquired by Bank of the Ozarks in July 2016 generating a 47% return for its IPO investors in less than 24 months. The cookies we use help us understand what information and advertising are most useful and valuable. [Storm Names] are approaching. University of Florida faculty surpassed $1 billion in research spending for the first time in 2022, developing treatments for diseases, new agricultural products, engineering solutions and countless other advancements. In PA, insurance is underwritten by Plymouth Rock Assurance Preferred Corporation, Palisades Insurance Company, High Point Preferred Insurance Company, Palisades Property and Casualty Insurance Company, and Rider Insurance Company. Learn how you can stay waterproofed during the storm. Jim co-founded Neptune in 2016 to change the way America buys flood insurance, using data analytics and extreme ease of use to make a critical insurance product more accessible to the market. Plymouth Rock leverages an intuitive online platform that lets both customers and agents get a property insurance quote in just 5 seconds and, for most customers, buy a policy an under 5 minutes. It uses more accurate land survey maps created in part with lidar a laser radar technology also used by NASA and the military. Copyright 2022Observer Media Group, Inc., All Rights Reserved. When typing in this field, a list of search results will appear and be automatically updated as you type. Mr. Burgess served as a Managing Director of Morgan Stanley, where he executed initial public offerings and other capital raising transactions as an investment banker in the Equity Capital Markets Division. Neptune Flood was founded in 2017 and in January 2018, Neptune raised over $2mm in seed financing. Our licensed insurance agents are available to answer your questions.
Plymouth Rock Assurance and Plymouth Rock are brand names and service marks used by separate underwriting, managed insurance, and management companies that offer property and casualty insurance in multiple states. The leadership team at Neptune Flood Insurance has deep backgrounds and experience in technology, risk management, predictive analytics and insurance.
You can learn more about Plymouth Rock by visiting plymouthrock.com. In the face of systemic barriers, weve built businesses from the ground up, transformed our communities and contributed meaningfully to the economy.
Plymouth Rock Assurance and Plymouth Rock are brand names and service marks used by separate underwriting, managed insurance, and management companies that offer property and casualty insurance in multiple states pursuant to licensing arrangements. Jean-Luc Eckstein joined Neptune in 2019 as its Executive Director where he oversees project management. How BBB Processes Complaints and Reviews. How many sick days do you get per year?
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He also managed and upgraded the technical platform, supporting the WYO flood product via the NFIP as well as a proof-of-concept private flood program. AM Best is an independent insurance rating agency that provides credit ratings and financial data products for the insurance industry.
Single risk modeling allows clients to save on the premium cost and take advantage of higher coverage limits, and optional coverages not available under the government flood program.
International Association of Better Business Bureaus.
Four years after launch, insuretech solidifies position as leading alternative to the NFIP. I've cancelled insurance policies over a dozen times in my life I am sure, and always got a prorated refund back. For new home loan closings, Neptune Flood does not apply a waiting period to their flood insurance plan.
In MA, insurance is underwritten by Plymouth Rock Assurance Corporation, Pilgrim Insurance Company, Plymouth Rock Home Assurance Corporation, Bunker Hill Insurance Casualty Company, Bunker Hill Preferred Insurance Company, Bunker Hill Property Insurance Company, and Bunker Hill Insurance Company. You can browse through all 2 jobs Neptune Flood has to offer. Flood insurance company Neptune Flood has exceeded 100,000 policies, the company has announced. What's changed in the cyber insurance market.
Neptune Flood crossed the milestone on Feb. 4. Before Bankers, Brad held various leadership and management positions with Catalina Marketing Corporation one of the worlds largest and most successful behavior based marketing firms. ST. PETERSBURG Insurtech startup Neptune Flood, led by former C1 Bank CEO Trevor Burgess, has written more than 100,000 policies since it was founded in 2018 by Jim Albert. 2022 SignalHire.com is operated by SENDERSYSTEMS LIMITED, Get the email address format for anyone with our FREE extension.
A 2017 study that came out right after Irma stated that there are 1.45 million homes in Florida coastal counties that are uninsured for flood. Neptune doesnt rely on the elevation maps used by FEMA.
Actual coverage is subject to the language of the policies as issued by each separate company. In 2016, Neptune Flood Insurance was created by merging technology, math algorithms, and insurance expertise into an innovative flood insurance product.
The CEO of Neptune Flood is Trevor Burgess, CEO.
"We're constantly updating our product suite, like increasing our coverage to $4 million in 2020, expanding to commercial and condominium products in 2021, and just this month adding Jumpstart parametric earthquake as an option in California, Washington, and Oregon. St. Petersburg, FL 33701. "Neptune has focused on building the best flood insurance company since its launch in 2018. He is a graduate of CDWs prestigious Emerging Leaders Program and completed CDWs Sales Leadership Academy. Neptine now includes coverage for all NFIP product types. (or call our office at 727-892-2643), Tags:
Neptune has focused on building the best flood insurance company since its launch in 2018, said Trevor Burgess, CEO of Neptune Flood. Get the full list, Youre viewing 5 of 7 executive team members. Many wonder how best to ride out COVID's next wave, Governor Ron DeSantis recognizes Florida's Teacher of the Year finalists, Florida ranks among top 10 states of America's most stable housing markets, Educator and civil rights leader represents Florida in Capitol statuary. Floridas nursing homes are struggling with workforce shortages at a time when their resources are already stretched thin due to the pandemic. Neptune's Jumpstart Parametric Earthquake product helps get consumers and businesses back on their feet after an earthquake by providing an instant injection of $10,000 to $50,000 with no drawn-out claims process. Before Neptune, as the CTO of Unirisx, Brad provided rapid product development and direct-to-consumer implementations for diverse insurance customers such as Starr Holdings, AXIS Accident & Health, Ironshore Small Business, Beazley & Roojai.com. During his tenure Jonathan was involved in the IPO of the banks holding company, C1 Financial, on the NYSE, as well as the acquisition of C1 Financial by Bank of the Ozarks in July of 2016. Neptune Flood offers residential, commercial, and RCBAP flood insurance products and additional optional coverage. Trevor was named the 2014 American Banker Community Banker of the Year and was recognized as the 2013 Ernst & Young Florida Entrepreneur of the Year in the financial services category. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Flood insurance from Neptune is available nationwide, making it even easy for customers to get the flood coverage they need.
Financial Stability Ratings (FSRs) are a leading indicator of the financial stability of Property and Casualty insurers. BBB is here to help. Washington Assurance Corporation. What we try to do is the exact opposite. ISSN# 2325-8195 Mr. Burgess is a prolific financial-technology inventor with four patents awarded and eight more under application. Plymouth Rock provides coverage to drivers and property owners across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.
Neptune ditches FEMAs elevation maps and instead relies on its own analytics and algorithms. Our platform is always evolving to meet the needs of our customers and our agent network, and we cannot thank them enough for trusting Neptune.. Thanks to our outstanding team, our Triton AI platform has made quoting and binding an insurance policy faster and easier than has ever been possible..
In 2016, Neptune Flood Insurance was created by merging. Jonathan received his MBA from The University of Tampa in 2013. var bbbprotocol = ( ("https:" == document.location.protocol) ? AVOID Neptune at all costs. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Acrisure Buys Rights of Pittsburgh Steelers Home Field, Florida-Based Neptune Flood Realigns Leadership Team, Missouri Man Sues Bass Pro for Not Honoring Lifetime Warranty on Socks, People Moves: Ed Broking's Baird Takes Leadership Role at Aventum; Chubb Appoints AGCS' Nicklin as Global Client Executive for UK, Ireland, Florida's Capacity Insurance Gets Downgraded, Stops Writing New Business, Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero, Property Adjuster Field and Virtual Estimating -, Insurance Personal Lines Account Manager / CSR 100% REMOTE -, Creating Harmony: What Cyber, Insurance Pros Can Learn from Music, The Booming Female-Owned Home-Based Business Market, Mental Health and Social Determinants of Health, Workers Comp: A Shining Star in the P/C Sky, But the Future Is Less Bright as Workforce Changes, 11th Circuit Revives Investor-Funded Medicare Secondary Payer Act Lawsuit Against Insurers, Millions of Dollars in Jewelry Stolen from Armored Car in California, Clogged California Ports Face New Labor Risk from Trucking, Louisiana Bailout Fund to Borrow $600M to Pay Insurer Claims, Europe Broils in Heat Wave that Fuels Fires in France, Spain, CGL Master Class - Coverage A and Selected Exclusions, Leveraging Data to Differentiate Yourself from the Competition, Commercial Property Master Class - Covered Property and Property not Covered, CGL Coverage - Other Insurance and Allocation. Get the full list, To view Neptune Floods complete investors history, request access, To view Neptune Floods complete acquisitions history, request access, To view Neptune Floods complete subsidiaries history, request access, Chief Executive Officer, President & Board Member, Chief Operating Officer & Chief Risk Officer. Before Bankers, Jim held roles as President of the nationaltechnology consulting firm Idea Integration, Managing Director of five brands in the UK and Europe, and many leadership roles with AT&T and Bell Labs.
Neptune uses AI-driven technology to make it fast and easy for consumers to buy and agents to sell insurance. Viewpoints@FloridaTrend. Hi John. Please tell us what you liked about it.
velit esse cillum dolore eu fugiat nulla pariatur. In its second year in operation Neptune, achieved profitability as well as reached 20,000 clients. Finally a take home project and follow up by the CTO. The company now operates in 48 states and Washington, D.C., and offers residential, commercial and condominium flood insurance products. Trevor is Neptunes President & CEO.
So nice to have not known this and the savings I thought I was saving are now gone. The company currently specializes in the Insurance area. BBB Business Profiles generally cover a three-year reporting period.
During his nearly ten years at Morgan Stanley (1998 2008) he executed over 100 transactions raising over $50 billion for his clients.
Thanks to our outstanding team, our Triton AI platform has made quoting and binding an insurance policy faster and easier than has ever been possible.". Were proud to partner with Plymouth Rock to provide a complete end-to-end insurance solution for homeowners. An interview with the CTO followed by a panel interview with the tech team. Neptune Flood, based in St. Petersburg Fla., has realigned its leadership team, announcing that its CEO and chairman are switching roles.