Press Release: NPRG : New Paradigm Group Launches Industry Parametric ProtectionSM (IPPSM)

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--New Paradigm Group, through its subsidiary New Paradigm Parametric, LLC, today launched Industry Parametric Protection (IPP), an innovative, technology-based alternative to the traditional Industry Loss Warranty (ILW) for US Atlantic and Gulf Coast Named Storms and Hurricanes. Rather than using total industry loss from an event as the trigger, as ILWs do, IPP is triggered when predetermined wind speeds or storm surge heights are met or exceeded at presele