Neptune Flood’s premium capacity up

Neptune Flood Inc., a private flood insurance provider, announced Wednesday that it secured over $400 million in premium capacity for 2025, up from $300 million last year.

Neptune’s capacity panel includes more than 30 insurance and reinsurance partners, including global reinsurers and specialty insurers.

St. Petersburg, Florida-based Neptune has also launched in Alaska and now offers coverage to businesses and homeowners in all 50 states and Washington, D.C.

“With this expansion, Neptune now offers a simple, digital flood insurance solution to property owners nationwide,” President Matt Duffy said in a statement.