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As a result of the 6.0-magnitude earthquake near the border between California and Nevada on Thursday, July 8, 2021, the New Paradigm Underwriters, LLC (NPU) has issued a binding agreement on Shake and Pay® First-Dollar Earthquake Insurance A brief suspension order.
Shake to pay® Program update
On behalf of New Paradigm Underwriters, LLC (NPU), we thank you for your support of our Shake and Pay® parametric earthquake program. In view of the 6.0-magnitude earthquake that occurred near the border between California and Nevada on Thursday, we are in a short period of suspension to implement a new earthquake policy within a 150-mile radius of the earthquake epicenter. This affects the eastern part of Northern California.
We continue to underwrite and bind risks beyond…150 miles.
The full story on Benzinga.com
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