{"id":12292,"date":"2025-10-20T13:38:07","date_gmt":"2025-10-20T13:38:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/12292\/"},"modified":"2025-10-20T13:38:07","modified_gmt":"2025-10-20T13:38:07","slug":"stand-raises-35-million-series-b-expands-into-florida-to-cover-high-risk-homes-programbusiness","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/12292\/","title":{"rendered":"Stand Raises $35 Million Series B, Expands Into Florida to Cover High-Risk Homes – ProgramBusiness"},"content":{"rendered":"

Stand Insurance<\/a> has secured $35 million in Series B funding as it prepares to expand its homeowners insurance offerings into Florida, one of the nation\u2019s most catastrophe-exposed markets. The round was led by Eclipse, with participation from existing investors Inspired Capital, Lowercarbon Capital, and Equal Ventures.<\/p>\n

Launched in December 2024, Stand focuses on providing homeowners insurance for properties exposed to wildfires, floods, and windstorms \u2014 risks that have increasingly strained traditional insurance markets. In just over a year, the San Francisco-based company reports underwriting $1 billion in insured value in California, where it initially launched coverage for wildfire-prone homes.<\/p>\n

Expansion Into Florida\u2019s High-Catastrophe Market<\/p>\n

With operations established in California, Stand is expanding into Florida, which the National Oceanic and Atmospheric Administration (NOAA) reports has experienced 94 separate billion-dollar disasters since 1980. The most recent seven catastrophic events resulted in more than $1 trillion in losses.<\/p>\n

Citizens Property Insurance Corporation, Florida\u2019s state-run insurer of last resort, currently holds nearly $300 billion in exposure \u2014 highlighting the scale and volatility of the market.<\/p>\n

According to Realtor.com\u2019s 2025 Housing and Climate Risk Report<\/a>, 26.1% of U.S. homes \u2014 valued at approximately $12.7 trillion \u2014 face exposure to at least one severe or extreme climate risk such as hurricanes, wildfires, or floods. Southern metropolitan areas rank among the most vulnerable and expensive, with Miami cited as the most at-risk metro area based on premium-to-market value ratios, followed by New Orleans.<\/p>\n

A Mitigation-Focused Insurance Model<\/p>\n

Stand positions its model around resilience and mitigation. Coverage is linked to property upgrades aimed at reducing risk from wind, fire, and flood. The company uses physics-based modeling \u2014 first applied to wildfire risk and now extended to wind exposure \u2014 to assess how structures withstand extreme weather events. Artificial intelligence and proactive risk mitigation strategies are also part of its underwriting approach.<\/p>\n

Dan Preston, co-founder and CEO of Stand, stated that the company aims to align insurance with efforts to harden homes against catastrophic events.<\/p>\n

Market Conditions Driving Demand<\/p>\n

Over the past decade, weather-related catastrophes have resulted in an average of $146 billion in annual damages across the United States. During this time, insurance options have diminished in high-risk states such as California, Florida, and Texas, as many carriers have exited or stopped renewing policies due to escalating exposure.<\/p>\n

As large insurers withdraw from regions facing frequent disasters, hundreds of thousands of homeowners have experienced policy cancellations or non-renewals.<\/p>\n

Aidan Madigan-Curtis, partner at Eclipse and Stand board director, noted that U.S. weather disasters have caused over $1.4 trillion in losses during the past 10 years, with less than half of those losses insured. Eclipse contributed $30 million to the Series B round.<\/p>\n

Backing and Market Position<\/p>\n

Before the latest round, Stand launched with $30 million in funding from Inspired Capital, Lowercarbon, Equal Ventures, and Convective Capital, supported by top-tier reinsurers and an AM Best A- rating.<\/p>\n

The company\u2019s leadership team includes veterans across insurance, technology, and applied science. Stand emphasizes claims management performance and customer service as part of its positioning within catastrophe-prone markets.<\/p>\n

With operations expanded to both California and Florida, Stand is targeting continued growth in areas where insurance availability has become increasingly limited.<\/p>\n","protected":false},"excerpt":{"rendered":"Stand Insurance has secured $35 million in Series B funding as it prepares to expand its homeowners insurance…\n","protected":false},"author":2,"featured_media":12293,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28,30,29,11214],"class_list":{"0":"post-12292","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-florida","8":"tag-florida","9":"tag-florida-headlines","10":"tag-florida-news","11":"tag-stand"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/12292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=12292"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/12292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/12293"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=12292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=12292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=12292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}