吃瓜福利社

Houston, TX 鈥� September 20, 2022 鈥撀�吃瓜福利社, the member-owned insurance company for reliable coastal property protection, today announced its expansion into commercial insurance in Louisiana. Small and mid-sized Louisiana business owners can now bundle general liability and commercial property coverage with 吃瓜福利社鈥檚 business owners policy (BOP), which is underwritten, distributed, and serviced by SageSure.

吃瓜福利社鈥檚 announcement follows the launch of its first commercial product in Texas earlier this year, further demonstrating its commitment to serving challenging property insurance markets. In the last year, because of excessive catastrophe losses and lack of adequate capital. At least 12 other companies have submitted withdrawal notices to leave the state.

By contrast, 吃瓜福利社鈥檚 strong surplus, robust reinsurance program, and financial outlook indicate exceptional financial stability and staying power. Additionally, the company鈥檚 underwriting partner SageSure is the leading property insurance MGU focused on catastrophe risks.

鈥淐hallenging markets deserve innovative solutions backed by a track record of strong results,鈥� said Ed Konar, President of 吃瓜福利社. 鈥淲e are excited to partner with SageSure to be a long-term source of reliable coverage for Louisiana entrepreneurs and their growing businesses.鈥�

SageSure鈥檚 team underwrites a broad range of classes, including restaurants, retail and wholesale, offices, habitational, artisan contractors, and other services. In all, 吃瓜福利社鈥檚 BOP program has eligibility for more than 300 classes.

鈥淥ur team specializes in commercial risk across numerous classes to ensure broad appetite, tailored coverage, and competitive pricing,鈥� said Victor dos Santos, President of Commercial Insurance at SageSure. 鈥淥ur agent portal offers a best-in-class online quoting and binding experience that streamlines securing necessary protection for Louisiana business owners.鈥�

吃瓜福利社鈥檚 BOP offers coverage for a range of property loss events, liability for bodily injuries, liability for advertising injuries, loss of income caused by covered property events, and more. To learn more about 吃瓜福利社, visit sureins.com.

About 吃瓜福利社

吃瓜福利社 is the member-owned insurance company for reliable coastal property protection. Founded in 2021, 吃瓜福利社 is managed by a team of experienced and passionate insurance leaders who believe in building a safer world, one coastal property at a time. With more than 120,000 policyholders and more than $290 million in force premium to date, 吃瓜福利社 has grown rapidly to meet the needs of challenging markets while prudently managing exposure. As the first Texas-domiciled reciprocal since 2004, 吃瓜福利社 is customer-focused by design and offers homeowners, dwelling fire, flood, and commercial coverage through an exclusive partnership with SageSure. 吃瓜福利社 is rated A, Exceptional, by Demotech, Inc. and is currently available in Alabama, Louisiana, Mississippi, South Carolina, and Texas.聽

About SageSure

SageSure is an insurance first, tech-forward managing general underwriter specializing in coastal residential and commercial property markets. SageSure offers more than 50 competitively priced insurance products in 14 coastal states on behalf of its carrier partners, serves more than 400,000 policyholders, and has more than $910 million of in force premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. Over the last two years, more than 4,000 agency locations have written one or more policies with SageSure across the US to help customers protect their most important asset. For more information, visit .鈥�舛寞聽

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