Rainbow launches LRO commercial package program in California and Texas

Rainbow has launched a non-admitted Lessors Risk Only commercial package product for landlords in California and Texas, with Florida next and broader national expansion planned through 2026. The move expands the company’s E&S appetite for harder-to-place commercial real estate risks and gives independent agents a new quoting option for properties other markets may reject.

Why it matters: - Rainbow is widening the kinds of commercial real estate risks its appointed agents can place. - The new LRO program targets harder-to-insure properties in two of the country’s toughest markets. - The launch gives independent agents another way to quote and bind coverage without premium financing.

What happened: - Rainbow launched a non-admitted Lessors Risk Only commercial package product for landlords in California and Texas. - The program is live and available for quoting. - The launch is Rainbow’s fourth program since the company was founded. - Florida is expected to follow in the coming weeks. - Rainbow plans to expand the program to a national footprint over the rest of 2026.

The details: - The policies are written on paper rated A- (Excellent) by AM Best. - Rainbow serves as the licensed surplus lines agent for its E&S policies, giving retailers direct access through Rainbow’s proprietary platform. - The program builds on Rainbow’s admitted restaurant offering, which is active in more than 40 states. - The LRO commercial package policy is designed to let Rainbow take on more risks for its appointed agents. - Eligible risks include strip malls with restaurant tenants or cannabis dispensary tenants. - Mixed-use buildings with habitational exposure are also in scope. - Older buildings in good condition are eligible. - Targeted total insured value goes up to $15 million per location. - The program has no age limit restriction on the buildings. - The offering is open to independent agents actively writing in California and Texas. - Rainbow was founded in 2022 and operates as a specialist managing general underwriter. - Rainbow says its programs combine continuous underwriting technology with specialized underwriters. - Rainbow distributes exclusively through appointed agents nationwide. - Rainbow offers instant quoting through a digital quote-to-bind experience. - The company’s website is More information. - Rainbow’s LinkedIn page is the company’s LinkedIn profile.

Between the lines: - The launch signals Rainbow is pushing deeper into surplus lines and E&S business where traditional carriers may be more selective. - The stated appetite for cannabis, mixed-use, and older properties suggests Rainbow is aiming at accounts that can be difficult to place in standard markets. - The company’s emphasis on underwriting technology and human expertise points to a model built to move faster on complex submissions.

What’s next: - Rainbow expects Florida to come online over the next several weeks. - The company plans broader national availability by the end of 2026. - Independent agents in active launch states should gain a new quoting option as the footprint expands.

The bottom line: - Rainbow is using its fourth program launch to deepen its specialty commercial footprint and reach more landlord risks in hard-to-place markets.