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Big Changes ahead for St. Pete insure-tech Neptune Flood

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Neptune Flood will become one of the first private insurers to offer flood insurance to businesses early next year.

The St. Petersburg-based insure-tech company, which taps advanced computing power to evaluate and price flood insurance policies, will launch a commercial flood insurance product in January, Trevor Burgess, president and CEO, said in an interview with the St. Pete Catalyst.

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Neptune Hires Technology Sales Executive Jean-Luc Eckstein as Executive Director

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Eckstein joins Neptune Flood from Fortune 500 technology solutions provider, CDW, where he sold software and hardware directly to some of the largest companies in the United States before being promoted to International Client Strategy Manager overseeing a team responsible for cross border technology sales. He is a graduate of CDW’s prestigious Emerging Leaders Program and completed CDW’s Sales Leadership Academy.

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Neptune Flood’s Albert

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While few carriers are in the flood insurance market, Neptune Flood Insurance sees opportunity. Most of the market is covered by the National Flood Insurance Program, but founder and CEO Jim Albert said he saw a serious coverage gap that a nimble startup could help fill.

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Logic should lead in flood protection

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An estimated 62 million homes should have flood insurance. But only 5.1 million do. With coverage as low as $1 per day, logic, not laws, should prevail. In this photo, floodwaters from Tropical Depression Imelda surround a home in Winnie, Texas.  (Brian Hawthorne/Chambers County Sheriff’s Office via AP)

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