Add as a preferred source on GoogleOrion180 Launches FlexLuxe With Up to $5 Million in Coverage
The product launched Oct. 19 in certain coastal Florida counties and across Texas, with total insured value of up to $7.5 million.
Orion180 Insurance Group Inc. (Orion180), a home insurance distributor listed on Nasdaq as OIG, launched FlexLuxe on Oct. 19 in certain coastal Florida counties and throughout Texas.
FlexLuxe offers dwelling coverage of up to $5 million. Total insured value can reach $7.5 million. The Oct. 19 launch covers the specified Florida counties and Texas.
Separately, Orion180 closed its initial public offering on Sept. 21. It used IPO proceeds to extinguish its term loan and repay $24.4 million of its revolving loan.
As of Sept. 30, Orion180 had $166 million in cash and $56 million in debt.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.