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Small, High-End Insurer Courts Coastal Homeowners

December 27, 2008

The Wall Street Journal - 01/28/09
By M.P. McQueen

As large, mass-market homeowner-insurance companies continue withdrawing from coastal areas because of the hurricane threat, a small, high-end insurer is making a push for the wealthy among these customers.

Privilege Underwriters Reciprocal Exchange, a company headquartered in Fort Lauderdale and White Plains, N.Y., recently received licenses to sell policies in New York, Connecticut, New Jersey and the District of Columbia.

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