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.
