GeoVera Insurance

GeoVera Insurance Holdings, Inc. operates as a specialty provider of property insurance products, with a core focus on catastrophe-exposed properties in earthquake and wind markets. The company was established in 1997, receiving its Certificate of Authority from the California Department of Insurance and quickly grew to become the largest private residential earthquake insurance provider in California. Its history involves several ownership changes, including an acquisition from St. Paul Travelers in 2005 by private equity firms Friedman Fleischer & Lowe and Hellman & Friedman, and a subsequent acquisition in 2012 by Flexpoint Ford, LLC. In January 2025, GeoVera's MGA business, GeoVera Advantage Insurance Services, was acquired by SageSure, a managing general agent specializing in catastrophe-exposed property insurance. Concurrently, GeoVera's insurance carriers were combined into a new entity called GeoVera Nova Holdings. GeoVera's business model centers on underwriting high-risk residential and commercial properties that standard insurers often avoid. The company generates revenue through premiums on its insurance policies. It operates through a network of independent agents and wholesale brokers, and also sells directly to homeowners online. Its target clients are homeowners and property owners in regions prone to natural disasters, specifically earthquakes in California, Oregon, and Washington, and windstorms or hurricanes in states like Florida and Hawaii. The company offers a range of specialized insurance products. For earthquake risk, it provides both a comprehensive policy and a standard policy, with a notable offering being its Single Limit product, which combines all coverages into one limit with a single deductible. This structure simplifies the claims process for policyholders. In addition to earthquake coverage, GeoVera provides wind-only policies, surplus lines for homeowners, residential landlord insurance, and vacant home insurance in catastrophe-prone areas like Florida. The company is known for its financial stability, consistently receiving an "A" (Excellent) rating from AM Best, which indicates a strong ability to meet its insurance obligations. Keywords: residential earthquake insurance, catastrophe insurance, property and casualty insurance, windstorm insurance, high-risk property insurance, specialty insurance, hurricane insurance, surplus lines insurance, admitted insurance, independent insurance agents, wholesale brokers, Florida homeowners insurance, California earthquake insurance, catastrophe risk management, insurance claims management, Flexpoint Ford, SageSure, GeoVera Nova, admitted carriers, non-admitted carriers