February 28, 2017

Prospect General Insurance Agency has partnered with Palomar Specialty Insurance Company to offer Flood Guard, a private flood insurance alternative in California.  Flood Guard is Prospect General’s third specialty product launched in the market since its formation eleven months ago.

Flood Guard provides private residential flood insurance that uses an innovative pricing model and unique coverages to provide the market with an alternative to the National Flood Insurance Program (NFIP).  Through its sophisticated rating algorithm and online platform, Flood Guard offers affordable coverage and the ability to quote and bind coverage in just minutes.  In addition, Flood Guard offers coverage enhancements relative to the NFIP including dwelling coverage up to $5 million and personal property coverage up to $1 million.

“Once we knew that we wanted to create a new Flood product in California, one of the first things we did was engage our agency and policyholder constituents to learn more about how to fill the unmet needs in the marketplace.  Based off this feedback, we created a highly-tailored product and we are very proud to introduce Flood Guard with our partner, Palomar Specialty,” said Prospect General President Ryan O’Connor.

“Prospect General has the experience, distribution, and infrastructure that Palomar Specialty looks for when selecting a program administrator partner.  Flood Guard is now the second product that Palomar Specialty has launched with Prospect General and we expect further expansion of the Flood Guard product in the coming year,” said Palomar Specialty CEO Mac Armstrong.

For more information on Flood Guard, please visit:



About Prospect General Insurance Agency, Inc.
Prospect General Insurance Agency, Inc. (www.ProspectGeneral.com) is a managing general agent focused on creating highly tailored insurance products.  In addition to Flood Guard, Prospect General also offers a national commercial Real Estate Investor (REI) program as well as a specialized Equity Protector CA companion earthquake product.


About Palomar Specialty Insurance Company
Palomar Specialty Insurance Company (www.PalomarSpecialty.com) is a leading insurer that focuses on catastrophe-exposed residential and commercial property lines of business.  Palomar’s underwriting and analytical acumen allow it to concentrate on catastrophe insurance products including residential and commercial earthquake, multi-peril homeowners, residential hurricane and commercial business written on an “all-risk” basis in select hurricane exposed states.  Based in La Jolla, California, the company is an admitted carrier in 23 states.  Palomar Specialty has an A.M. Best financial strength rating of “A-“  (Excellent).