St. Petersburg insurance firm reaches milestone $300 million in premiums

St. Petersburg-based Neptune Flood announced Thursday that it surpassed the $300 million in premiums across its 235,000 policyholders. The firm now has $100 billion dollars of insured value and is considered the largest private flood insurance provider in the United States.

In a statement, Neptune Flood credited its AI-powered platform for streamlining its quoting processes and coverage provided.

"Reaching $300 million in premium in force is a testament to our mission of making flood insurance accessible, affordable, and easy to obtain," says Trevor Burgess, CEO of Neptune Flood in the release.