New Hampshire Insurance Company (NHIC), part of AIG, filed in Mississippi on October 8, 2025, to withdraw its Yacht Program and formally notify regulators of its intent to nonrenew all remaining ocean marine policies effective October 27, 2025.

The filing cites the termination of the Program Administrator Agreement by One80 Intermediaries, Inc., which managed the program and retains renewal rights. One80 plans to transition affected policyholders to other carriers. As of June 5, 2025, NHIC reported 69 in-force policies with $88,957 in annual premium.

The filing clarifies that the nonrenewal reflects a business decision prompted by the administrator’s withdrawal—not financial instability. The program, though classified as Ocean Marine (Line 8.0), was submitted under Inland Marine (Line 9.0) due to Mississippi’s SERFF system limitations.