TAMPA, Florida – June 18, 2026
Executive Summary
Stand Insurance has launched its first open market hurricane insurance offering in Florida, introducing a program designed to help homeowners strengthen their properties, reduce hurricane vulnerability, and potentially lower insurance premiums. Built around the company’s physics-based World Model, the program combines risk analysis, home mitigation support, and premium savings opportunities. With more than $10 billion in insured property, Stand says the initiative focuses on improving home resilience through targeted upgrades while providing qualifying homeowners with access to mitigation resources, contractor coordination, and insurance benefits tied directly to property-level risk reduction.
Announcement Overview
Stand’s new Florida hurricane insurance program is built around a three-step approach: Simulate, Strengthen, and Save. Rather than relying primarily on historical geographic risk patterns, the company evaluates how specific property characteristics influence hurricane resilience. Through its World Model, Stand analyzes catastrophe risk at the individual home level, helps coordinate mitigation improvements, and provides premium discounts tied to completed upgrades. The launch represents Stand’s first voluntary insurance offering in Florida following its participation in the state’s Citizens program and is intended to provide qualifying homeowners with additional insurance options while supporting long-term property resilience and risk reduction.
Key Announcement Details
- Announcement Type: Hurricane Insurance Program Launch
- Company: Stand Insurance
- Launch Date: June 18, 2026
- Program Name: Florida Hurricane Insurance Program
- Market: Florida
- Primary Objective: Help homeowners strengthen properties and reduce hurricane risk
- Insurance Offering: First open market hurricane insurance offering in Florida
- Core Framework: Simulate, Strengthen, Save
- Risk Assessment Technology: Stand World Model
- Model Approach: Physics-based catastrophe analysis at the individual property level
- Homeowner Benefits: Mitigation support, contractor coordination, premium savings opportunities
- Additional Early-Customer Benefit: Smart water leak detection devices and first-year monitoring at no cost for qualifying customers
- Potential Premium Savings: Up to 40%, depending on the home and completed mitigation improvements
- Example Mitigation Upgrades: Roof anchor clips and water shutoff valves
- Contractor Support: Access to vetted contractors with pre-negotiated discounted rates
- Potential Financing Support: Mitigation financing assistance for qualifying projects
- Previous Florida Presence: Participation through the Citizens program
- Current Expansion: First voluntary insurance offering in Florida
- Target Audience: Qualifying Florida homeowners
- Leadership Executive: Dan Preston, Co-founder and Chief Executive Officer
- Technology Expertise Areas: Aerospace engineering, 3D modeling, machine learning, catastrophe risk analysis
- Company Focus: Property resilience and catastrophe-risk reduction
Florida Hurricane Insurance Program Launch
Stand announced the launch of its first open market hurricane insurance offering in Florida, expanding the company’s presence in one of the nation’s most active catastrophe-exposed insurance markets.
According to the company, the program is built on a straightforward framework:
- Identify vulnerabilities that increase hurricane risk
- Connect homeowners with meaningful mitigation improvements
- Reward completed resilience upgrades through premium savings
Stand stated that the program is designed to move beyond traditional insurance models by incorporating property-specific resilience factors into underwriting and pricing decisions.
The company noted that the launch marks an important expansion of its operations in Florida and introduces a voluntary insurance option for qualifying homeowners seeking alternatives within the state’s property insurance market.
Simulate
Stand World Model Applies Physics-Based Risk Analysis
At the core of the program is Stand’s World Model, a physics-based catastrophe analysis platform developed to understand how natural disasters interact with individual structures.
According to the company, the model evaluates:
- Specific property characteristics
- Structural vulnerabilities
- Hazard exposure
- Catastrophe survivability factors
- Building-level resilience indicators
Rather than focusing solely on broad geographic assumptions, the model examines how hurricanes may affect individual homes based on their physical characteristics and construction attributes.
Stand stated that the World Model was originally developed and validated within California’s wildfire-prone communities and is now being deployed to evaluate hurricane risk in Florida.
The company explained that this approach allows it to better understand which property-level improvements can have the greatest impact on reducing potential damage during severe weather events.
Individual Property Analysis
Stand indicated that the model analyzes catastrophe interactions at the level of individual structures.
Key areas of analysis include:
- Building features
- Structural components
- Property-specific risk characteristics
- Potential survivability outcomes
- Resilience-enhancing improvements
The company stated that these insights form the foundation for mitigation recommendations and premium-saving opportunities available through the program.
Strengthen
Home Mitigation Support for Homeowners
Stand stated that the second component of the program focuses on helping homeowners strengthen their properties against hurricane-related risks.
According to the company, homeowners often face challenges when attempting to identify effective mitigation measures, evaluate contractors, and coordinate improvement projects.
To address these challenges, Stand said it actively supports mitigation efforts by:
- Building networks of trusted contractors
- Identifying practical mitigation solutions
- Helping coordinate project scheduling
- Facilitating homeowner access to resilience upgrades
- Reducing complexity associated with home fortification projects
The company stated that the goal is to make home protection improvements easier and more accessible for participating policyholders.
Smart Water Leak Detection Devices
For qualifying early customers, Stand announced additional support measures intended to improve property protection.
These include:
- Smart water leak detection devices
- First-year monitoring coverage at no additional cost
According to the company, these devices are intended to help homeowners detect potential water-related issues earlier and contribute to broader property protection efforts.
Contractor Network and Discounted Rates
Stand also stated that it has established relationships with vetted contractors and negotiated discounted pricing for certain mitigation projects.
Program benefits may include:
- Access to vetted contractors
- Pre-negotiated discounted service rates
- Assistance coordinating appointments
- Simplified scheduling processes
The company indicated that these efforts are designed to streamline the mitigation process and reduce barriers to completing resilience-focused improvements.
Potential Mitigation Financing Support
Stand stated that it may also help homeowners finance mitigation projects.
According to the company, financing support may help qualifying homeowners complete resilience improvements that could otherwise be difficult to undertake immediately.
The company noted that financing options are intended to support broader adoption of mitigation measures that improve property protection against hurricane-related risks.
Save
Premium Discounts for Mitigated Homes
Stand stated that homeowners who complete qualifying mitigation improvements may become eligible for premium discounts.
According to the company:
- Mitigated homes receive premium reductions
- Savings remain available for the lifetime of the policy
- Discount levels vary based on property characteristics and completed improvements
The company explained that the approach is intended to align insurance pricing more closely with demonstrated resilience improvements.
Potential Savings Opportunities
Stand stated that certain targeted upgrades may deliver substantial premium reductions for eligible homeowners.
Examples cited by the company include:
- Roof anchor clips
- Water shutoff valves
- Additional resilience-focused improvements
According to Stand, these types of upgrades may generate premium savings of up to 40%, depending on the property and mitigation measures completed.
The company stated that the objective is to help homeowners invest in resilience improvements that may contribute both to property protection and long-term insurance affordability.
Florida Market Expansion
Expansion Beyond the Citizens Program
Stand stated that it initially entered Florida through participation in the state’s Citizens program, which transfers policies from Florida’s insurer of last resort to private insurance carriers.
According to the company, the newly launched offering represents its first voluntary insurance program in the state.
The company noted that the program is intended to provide:
- Additional insurance options
- Broader homeowner accessibility
- Expanded participation opportunities
- Private market alternatives for qualifying customers
Stand stated that the launch reflects its continued commitment to expanding insurance availability within Florida.
Florida Insurance Environment
According to Stand, Florida has experienced insurance market challenges for more than two decades due to hurricane-related losses and severe weather events.
The company stated that:
- Private carriers have faced insolvencies
- Policyholders have experienced reduced market options
- Many homeowners have entered Citizens coverage
- Citizens was originally designed as a safety-net solution
Stand also noted that Florida has recorded 94 separate billion-dollar weather events since 1980.
The company said these conditions underscore the importance of approaches focused on strengthening homes and improving resilience at the individual property level.
Leadership Commentary
Dan Preston, Co-founder and Chief Executive Officer of Stand, commented on the launch and the company’s approach to hurricane resilience.
“Aerospace engineers have modeled how wind tears apart structures for decades, and that science is at the core of how we think about home safety. We’re bringing that same rigor to Florida by working with homeowners to understand what makes their homes stronger and rewarding them for taking action, instead of just charging them more because of where they live.”
Florida Operations and Technical Expertise
Stand stated that its Florida operations are led by professionals with extensive experience in the state’s insurance market.
According to the company, its applied physics team combines expertise across:
- Aerospace engineering
- 3D modeling
- Machine learning
- Catastrophe risk analysis
- Property-level resilience assessment
The company indicated that this multidisciplinary approach supports its ability to evaluate real-world catastrophe exposure and identify resilience opportunities for individual homes.
About Stand
Stand protects and insures homes in catastrophe-exposed regions by partnering with homeowners to understand what drives risk and identify opportunities to strengthen properties. The company’s World Model, developed and validated in California’s wildfire-prone communities, uses physics-based analysis to evaluate what makes individual homes more or less resilient and helps homeowners identify actions that may reduce risk and lower costs.
Stand underwrites and services policies issued by Concert Specialty Insurance Company (AM Best A-) in California and Stand Insurance Exchange (Demotech A) in Florida. The company is reinsured by AM Best A and A+ rated reinsurers including Arch, RenaissanceRe, Hannover, Nephila, and Hiscox. Stand is backed by Eclipse, Inspired Capital, Lowercarbon, and other investors.
Media Contact
For additional information, visit standinsurance.com.
Source Attribution
Source: Company announcement
