Palomar Specialty Insurance Company
Palomar Specialty Insurance Company, often referred to simply as Palomar, is a leading provider of specialty insurance solutions headquartered in the United States. Established in 2014, the company has rapidly expanded its operations across key regions, focusing on innovative coverage options in the property and casualty insurance sectors. Palomar is renowned for its unique offerings in earthquake and flood insurance, catering to the specific needs of homeowners and businesses in high-risk areas. The company’s commitment to leveraging advanced technology and data analytics sets it apart in the competitive insurance landscape. With a strong market position, Palomar has achieved significant milestones, including rapid growth in policyholder numbers and recognition for its customer-centric approach. As a trusted name in specialty insurance, Palomar continues to redefine industry standards while providing peace of mind to its clients.
DitchCarbon Score
How does Palomar Specialty Insurance Company's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Palomar Specialty Insurance Company's score of 36 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Palomar Specialty Insurance Company's reported carbon emissions
In 2024, Palomar Specialty Insurance Company reported total carbon emissions of approximately 14,387,000 kg CO2e. This figure includes Scope 1 emissions of about 97,000 kg CO2e, Scope 2 emissions of approximately 52,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 14,238,000 kg CO2e. In the previous year, 2023, the company recorded total emissions of about 14,305,000 kg CO2e, with Scope 1 emissions at approximately 98,000 kg CO2e, Scope 2 emissions at around 45,600 kg CO2e, and Scope 3 emissions reaching about 14,161,000 kg CO2e. Despite these substantial emissions figures, Palomar Specialty Insurance Company has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or reduction strategies indicates a need for further commitment to addressing climate change within the insurance sector.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 98,000 | 00,000 |
| Scope 2 | 45,600 | 00,000 |
| Scope 3 | 14,161,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Palomar Specialty Insurance Company is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
