Managing general underwriter (MGU) PURE Programs has announced its expansion into Texas, Louisiana, Mississippi, Alabama, and Georgia.
In a statement, PURE said that it is giving owners of high-value, higher-risk homes in these states access to broader coverage than is typically found in the excess and surplus (E&S) market. The firm said it will offer coverage for homes with a rebuilding cost of $1 million to $50 million – normally unqualified for admitted coverage due to location, negative elevation, prior losses, and rental exposure.
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Additionally, brokers in these states will be able to work directly with PURE’s E&S underwriters and proprietary policy quoting and administration systems.
“PURE Programs is quick, responsive, and offers the broader coverage that our clients with multi-million-dollar homes need, and, more importantly,” said Margaret Ann Pyburn, executive vice president at insurance brokerage Cobbs Allen, “I have every confidence our clients will be exceptionally well served should they make a claim.”
In addition to the Gulf Coast and Georgia, PURE Programs is also available in Florida, California, Massachusetts, New Jersey, New York, North Carolina, and South Carolina. Licensed P&C brokers in these states do not need to hold an E&S License to introduce business to PURE Programs.
