press releases

ARC's Parametric Coverage Put to Test in Florida Storm

October 19, 2017

Alok Jha, chief executive officer of Assured Risk Cover, said in an A.M. BestTV interview that the company's StormPeace coverage paid nearly all of its claims from Hurricane Irma within days. read more...

25 Years Later: How Florida’s Insurance Industry Has Changed Since Hurricane Andrew

August 24, 2017

Topa Insurance Co., based in California, launched a product earlier this year with ARC called StormPeace that offers reimbursement expenses of $1,000 up to $15,000 for clients that suffer hurricane damage

In the event of a large storm, the company reaches out to policyholders in the area via text or email asking if they have been affected and have storm-related expenses, whether it be to fix damage to their home or evacuation costs. If the policyholder says yes, money is then sent to the customer’s bank account.read more...

Silicon Valley startup now offering special hurricane insurance in Florida

August 23, 2017

Hurricane Andrew: The 20 miles that saved Miami.

StormPeace is a recent entry in the parametric homeowners’ insurance space, offering policies that utilize hurricane intensity and mobile technology to determine and alert consumers about claims payments.

These claims payments can be put towards a variety of costs, such as hotel stays post-event and lawn-debris cleanup. read more...

ARC, Topa Insurance Launch Coverage for Post-Hurricane Losses in Florida

August 19, 2017

Topa Insurance Co. has formed an exclusive partnership with Assured Risk Cover (ARC) to launch StormPeace, an insurance product in Florida designed to protect insureds from economic loss incurred by a named hurricane and is available through a select network of appointed agents.

StormPeace provides coverage for losses previously considered uninsurable with no deductible. Only a name and address are needed to purchase a policy; money can be wired to the policyholder’s bank account in the event of a claim. read more...

Parametric insurance products are on the rise as the insurance industry seeks new ways to cover catastrophe-related losses.

June, 2017

StormPeace policies pay out immediately after ahurricane, bridging the gap between when the damage occurs and when a homeowner’s insurance claim pays out.

Payments are based on three factors—strength of the hurricane, the distance between the insured property and the closest point of the hurricane, and the actual loss to the policyholder.read more...

Closing the protection gap with parametric hurricane insurance in the U.S.

June 19, 2017

Recognizing that parametric insurance has brought a level of stability to developing economies, Assured Risk Cover, an investor-funded Silicon Valley-based startup, set out to design a parametric hurricane policy for the U.S. market. Whether it’s a landslide in Guatemala or a hurricane in Florida, the emotional toll is the same: The first 24 to 48 hours after a catastrophe are stressful for residents. An effective way to help reduce the stress (emotional and financial) is to provide quick access to funds that assist in covering what’s excluded from a Homeowners policy. read more...

Silicon Valley startup now offering special hurricane insurance in Florida

June 01, 2017

The 2017 Atlantic Hurricane Season officially begins June 1st.

For Floridians, hurricane season can bring months of anxiety over if/when the next hurricane will hit.

But there is a new form of insurance available to give homeowners peace of mind.read more...

Closing the protection gap with peace of mind

April 14, 2017

The latest Swiss Re sigma report reveals a global protection gap of USD 121 billion. Little by little, insurance is helping narrow that gap in places like Guatemala and central Africa. It goes into the world’s most remote areas where even electricity and safe drinking water are scarce and helps farmers and business owners maintain their standard of living through drought, flood and other disasters. Insurance is an adaptable and durable concept—a model that’s easily transferred between industries and economies.read more...

Helping Floridians Get Back on Their Feet After a Hurricane: New Insurance Product Guarantees Instant Payment with Easy Claims

April 05, 2017

Dealing with the stress of a hurricane can be overwhelming, especially in the first 24 to 48 hours. Now there's insurance to help residents pay to clear fallen trees and get the power back on -- even pay their homeowners deductible.

StormPeace™ is an innovative insurance product that protects from losses not covered by a homeowners or renters policy.

Starting today, StormPeace is available online and buying a policy is simple. Visit stormpeace.com and fill out an application in 1-2 minutes. read more...

Topa Insurance and ARC Address Protection Gap with Parametric Florida Homeowners Policy

February 28, 2017

Purchase requires just name and address, and claims are paid within 48 hours via electronic deposit in the case of a loss associated with a storm of given strength and proximity. read more...

New parametric Florida hurricane product launched

February 10, 2017

Assured Risk Cover (ARC) is marketing a new parametric hurricane insurance cover to Floridian buyers. The Insurance Journal reported that the StormPeace product has been launched by the group, using insurance paper from Topa Insurance Company.It has backing from a top five global reinsurer with ratings of A+ from AM Best and AA- from Standard & Poor's. read more...

Why a Tampa entrepreneur has put money behind a Silicon Valley insurer

February 08, 2017

The company launched its product in Florida, because the state is heavily regulated, and if it could pass muster here, it could win approval in other states. read more...

StormPeace Insurance Policies Help Restoration Contractors Get Paid Faster

February 01, 2017

Contractors can expect more work and money in their pocket with less delay because of a new insurance product that pays out quickly after a hurricane. StormPeace™ is an insurance policy that will pay for repairs that are normally uninsured. read more...

ARC, Topa Insurance Launch Coverage for Post-Hurricane Losses in Florida

January 31, 2017

Topa Insurance Co. has formed an exclusive partnership with Assured Risk Cover (ARC) to launch StormPeace, an insurance product in Florida designed to protect insureds from economic loss incurred by a named hurricane and is available through a select network of appointed agents. read more...

Topa Insurance and Assured Risk Cover partner to provide hurricane protection

January 20, 2017

Topa Insurance has announced an exclusive partnership with Assured Risk Cover (ARC) to provide a product named StormPeace, which offers cover for hurricane victims in Florida.

According to a company statement, the product covers economic losses arising from a named hurricane and will be made available through a network of select agents. read more...

48 Hours on Hurricane Street: ARC and Topa Help Florida Residents Recover Quickly

January 19, 2017

Topa Insurance Company today announced an exclusive partnership with Assured Risk Cover (ARC) to launch StormPeace™, an innovative insurance product in Florida. StormPeace is designed to protect insureds from economic loss incurred by a named hurricane and is available through a select network of appointed agents. read more...

48 Hours on Hurricane Street: ARC and Topa Help Florida Residents Recover Quickly

January 19, 2017

Topa Insurance Company today announced an exclusive partnership with Assured Risk Cover (ARC) to launch StormPeace™, an innovative insurance product in Florida. StormPeace is designed to protect insureds from economic loss incurred by a named hurricane and is available through a select network of appointed agents. read more...

48 Hours on Hurricane Street: ARC and Topa Help Florida Residents Recover Quickly

January 19, 2017

Topa Insurance Company today announced an exclusive partnership with Assured Risk Cover (ARC) to launch StormPeace™, an innovative insurance product in Florida. StormPeace is designed to protect insureds from economic loss incurred by a named hurricane and is available through a select network of appointed agents. read more...

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