Starwind Specialty Insurance Services, a division of CRC Group, has launched a new flood-focused property insurance program called Starwind Flood Placement Services (Starwind FPS). The initiative aims to address gaps in flood and specialty property coverage for residential and commercial risks across the United States.
Program Details
The Starwind FPS program offers several key features, including national availability, delegated underwriting authority, and compliance with federal standards. It also provides tools and resources for agents navigating increasingly challenging market conditions.
Industry Context
The launch comes as the US property insurance market faces significant challenges, including rising loss costs, reduced capacity, and growing regulatory complexity. Major insurers have been scaling back or exiting high-risk states due to intensifying natural disasters, inflationary pressures, and capacity constraints.
Addressing Flood Risk
“Floods come without warning; they strike anywhere, at any time,” said Patrick Small, president of Starwind FPS. “Our mission is to simplify complex coverage types and deliver meaningful protection where it’s needed most.” The program combines technology, underwriting authority, and agent education to improve placement efficiency and reduce errors and omissions exposure.
Key Benefits
- National availability for consistent coverage
- Delegated underwriting authority for faster decision-making
- Compliance with federal standards for regulatory adherence
- Tools and resources for agents to navigate complex market conditions
Industry Impact
The launch of Starwind FPS aligns with Starwind Specialty’s strategy to expand its national footprint and adapt to evolving market needs. “Our strength lies in empowering agents with real experience, not algorithms, to protect every client in every zone,” Small added.
William Goldstein, CEO of Starwind Specialty’s underwriting division, noted that the program builds on the company’s strength by expanding its reach and deepening its commitment to addressing specific industry risks. This initiative follows the company’s introduction of four insurance programs in May aimed at addressing political violence and terrorism, construction equipment, and cannabis-related risks.
