Helping business owners and homeowners recover from disasters.
Who is ICAT?
ICAT provides property insurance protection to homeowners and businesses located in hurricane- and earthquake-exposed regions of the United States. ICAT takes great pride in the service, products, and stability we deliver to our agents and brokers.
Our History
Since our founding in 1998, ICAT has evolved into a highly specialized and disciplined underwriter of catastrophe insurance risk. Operating in hurricane and earthquake exposed regions of the United States, we partner with select retail agents and wholesale brokers to deliver tailored property insurance solutions. In 2005, Boulder Claims was formed to provide comprehensive claims services on all claims from policies underwritten by ICAT, and other select partners. Boulder Claims has paid out over $3.4B in claims.
Our Structure
ICAT is proud to be a part of Victor, the insurance enterprise of the future. With global reach, specialized expertise, and a commitment to progress, we are driven to redefine the industry.
ICAT’s mission is to assist people and businesses as they recover from disasters. This is the promise we make to our policyholders when they select ICAT to be their insurance provider, and it is why we are in business. Our partners receive stable and reliable capacity, responsible products, best-of-market service, strong underwriting discipline and conservative risk management.
Our Core Values
Passion: We admire the curiosity, commitment and creativity to constantly improve. We exhibit passion in everything we do in order to exceed the highest expectations of our customers.
Integrity: We strive do the right thing. We revere honesty, adhere to high ethical standards and believe in accountability so we can deliver the highest value possible through simple, innovative and relevant solutions.
Community: We are inclusive and collaborative. We endeavor to help and improve the communities where we work and live. We care for each other both personally and professionally, and believe fun and humor are essential to success.
Teamwork: We are supportive of one another’s efforts and are loyal to the team. We listen to and respect our customers and our peers so we can always act with insight, understanding and compassion.
Vision: We inspire one another to explore ideas and innovations that can improve the world of catastrophe insurance and beyond. We aspire to be the company of choice for our customers and partners.
Our Underwriting Fundamentals
ICAT is built around five core underwriting fundamentals, with our people at the core of what we do.
Risk Selection and Pricing: We choose quality risks to be a part of our portfolio, and we price all perils separately to ensure rate adequacy.
Risk Inspection: We inspect every risk to ensure we will be able to deliver on our promise to protect our policyholders.
Aggregate Management: We spread our risk to ensure we’ll be there when disaster hits.
Catastrophe Modeling: We have a proprietary view of risk which allows us to leverage real experience through past events.
Claims Management: ICAT recognizes the importance of having control over the claims handling process to guarantee fair and prompt resolution of our customers' claims.
