Insurance - Indianapolis, Indiana, United States
CITON, founded by Chairman and CEO Kenneth Gregg, provides catastrophic insurance with a specialization in niche products. Established out of a desire to help those in their time of need, CITON understands the limitations of conventional insurance during a catastrophic event.Gregg, a veteran of the insurance industry, realized property owners continue to assume more and more risk in the form of higher deductibles. Realizing that the deductible was becoming a major risk for the insured, Gregg spent two years developing a product to combat this growing concern.ZERO SELECT© Wind Deductible Elimination Plan is the first of many products CITON will begin marketing. This particular product fills a gap for the insured by covering 100% of the deductible if damage estimates exceed the deductible dollar amount. This product is currently available in Alabama, Delaware, Florida, Louisiana, North Carolina, South Carolina, Texas, and Virginia and will expand to additional at-risk states in 2010.In addition to launching an innovative deductible elimination product, CITON has developed a proprietary online underwriting system. This streamlined system was designed to minimize paperwork and allows for quick approvals.Gregg and the CITON team continue to develop innovative niche products to fill gaps in standard insurance coverage and provide more balance to the insured.