Delos Insurance Solutions, a property insurance managing general agent (MGA), has announced it will insure 265,000 additional homes across five southern California counties.
The company’s wildfire hazard model is continuously evaluated and refined using newly developed proprietary, high-resolution datasets. This allows Delos to progressively expand coverage in the most fire-prone areas of California.
Recent model enhancements include refined high-resolution wind data as well as datasets related to suppression efficacy and urban conflagration potential.
Delos’ proprietary technology identifies properties that do not pose a high risk of loss and deserve coverage in today’s challenging insurance market.
According to Delos’ research, 65% of homes typically classified as “high risk” should be considered medium to low risk, allowing for price relief—while traditional insurers continue to exit the market or increase rates for homeowners in wildfire-prone areas.
Kevin Stein, CEO of Delos, said, “We are committed to providing affordable and accessible insurance for as many Californians and homeowners in the Western US as possible. The success of our model at predicting the extent of all major Californian fires over the past seven years, and our tireless work to continually improve our data and analysis, allows us to insure homes where traditional insurers struggle. As we continue to refine our models, we see the opportunity for further increases in the number of homes we can insure.
“Only last week, we had half a dozen new insurance agents contact us saying how grateful they were that we could insure their clients’ homes.”
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