Palomar Specialty Insurance Company is committed to providing a financially stable insurance coverage for property owners in catastrophe prone states across the United States. Its experience and underwriting expertise allow the company to focus on the specialized needs of catastrophe insurance for commercial and residential property. Based in San Diego, Palomar Specialty’s management team has a long-standing history of insuring and managing earthquake risk.

 

RATING

A.M. Best Company, a leading credit rating agency, has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “A-” to Palomar Specialty Insurance Company. The outlook assigned to both ratings is stable.

 

FINANCIAL BACKING

Palomar Specialty Insurance Company was funded and supported by Genstar Capital Management, LLC, a leading investment firm based in San Francisco, CA. Palomar’s board and advisors includes senior executives from top insurance and claims companies in the industry.

 

REINSURANCE

Strong reinsurance is key to Palomar Specialty’s commitment to stability and long-term success as an insurer. Palomar Specialty reinsurance program includes substantial catastrophe insurance protection. It is supported by over 80 highly rated, respected Reinsurance Companies from the U.S., London and Bermuda.

 

CLAIMS

Palomar’s claims are supported by American Claims Management (“ACM” - acmclaims.com). ACM is a 3rd party claims administrator, wholly owned by Arrowhead General Insurance Agency, Inc. In the event of an earthquake event, Arrowhead policy claims will be handled on a First Priority basis. Palomar & ACM conduct regularly scheduled claims simulation exercises to test their claims response plan and resources to ensure they are prepared when earthquakes occur.