Palomar (PLMR) and Neptune Flood announced a strategic partnership under which Neptune will become Palomar’s exclusive managing general agent for flood insurance. Palomar will continue its longstanding commitment to the private flood insurance market while gaining access to Neptune’s AI-based technology powered by data science and machine learning. The partnership enables both companies to advance their shared mission to deliver a robust technology driven alternative to the National Flood Insurance Program and make flood coverage more accessible to customers nationwide.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLMR:
- Palomar Holdings: Strong Growth Potential and Favorable Market Conditions Justify Buy Rating
- Palomar Holdings: Strong Growth Trajectory and Strategic Market Positioning Justify Buy Rating
- Palomar Holdings: Strong Reinsurance Placements and Financial Guidance Boost Buy Rating
- Palomar price target raised to $168 from $163 at Evercore ISI
- Palomar price target raised to $177 from $171 at Piper Sandler