The Novarica Insurance Technology Research Council gave its “Impact Award” to Neptune Flood, a flood insurance company in St. Petersburg. The council cited Neptune’s use of artificial intelligence to manage risk. Neptune uses AI to determine if it will insure a property, to set a price for a policy and to allocate the policy to a reinsurance market, Trevor Burgess, Neptune’s president and CEO, said in a news release. Neptune was one of eight companies honored by the council. The Impact Award is the largest purely peer-juried award in insurance technology, the news release said.