![]() ![]() Zurich North America programmes head Greg Massey said: “With changing weather patterns and growing storm intensity across the country, we need to recognise the vast majority of homes are potentially at risk and most property owners need to consider the protection provided by flood insurance. Zurich North America said that the new coverage offering was developed to enable residential property owners to plan for better outcomes when flood risk turns into a reality. ROCA Insurance & Financial Services and Viking Insurance. Even a few inches of water can lead to damage worth hundreds of thousands of dollars, said the insurance major. 1-86 to get connected with a Wright Flood agent and discuss your flood insurance options. The new residential flood insurance product is expected to provide flexibility to property owners to customise their flood insurance policy suiting their specific requirements.Īccording to Zurich North America, while the costs of flooding resulting from recent severe weather events have been well documented, it doesn’t take a major event to cause a significant impact to property. Zurich Residential Private Flood Insurance will expand coverage options and provide customisation similar to the model of various personal lines of insurance. Each home we cover is as unique as the people living in it.” Wright National Flood Insurance Services private flood senior vice president James Watje said: “We are offering flood coverage that is not one-size-fits-all. It will be exclusively sold by Wright’s partner agents. Roy Wright, who oversees FEMA's National Flood Insurance Program, talked about the program's role in the aftermath of Hurricane Harvey and. The new residential flood insurance product will be launched exclusively in Florida early next month with plans to expand its availability in 11 more states in the future. It has been launched in response to the needs of property owners who have to deal with potentially catastrophic flood scenarios. Wright Flood Residential Private Flood Insurance combines all the financial security offered by financially secure AM Best A- (Excellent) VII or better rated. The new flood insurance programme is said to be a stand-alone admitted private flood insurance offering. ![]() ![]() Zurich North America has joined forces with Wright National Flood Insurance Services to launch a new residential flood insurance product called Zurich Residential Private Flood Insurance. The Zurich Residential Private Flood Insurance product will be launched in Florida in September 2019 (Credit: Zurich American Insurance Company) The new residential flood insurance option will be exclusively launched in Florida early next month, and is likely to be rolled out in 11 more US states in the future Products, Deals, Mergers and Acquistions.Wright Flood is a member of The Wright Insurance Group, Uniondale, NY.įor more information about Wright Flood, visit About Wright Insurance Group The Wright Insurance Group, a portfolio company of Aquiline Capital Partners, provides a variety of specialized insurance and risk management services to the public and private sectors in the U.S. Your flood insurance policy does not automatically renew you must renew every year. Petersburg, FL, provides policies to protect homes, businesses and their contents from flood disasters. said it has completed its acquisition of specialty and flood insurance company The Wright Insurance Group, LLC. Contact your agent or lender to renew or update your policy. Through federal flood insurance and the National Flood Insurance Program (NFIP), Wright Flood, St. “Agents, partners and policyholders can continue to reach Wright Flood as they always have and with the same level of confidence,” noted G. Wright Flood also retains its A- (Excellent) rating from AM Best. “As Wright Flood, we will continue to make federal flood insurance and excess flood insurance easy to buy and renew through the more than 17,000 independent agencies who represent us while providing the same great service, expertise and claims excellence our over 650,000 policyholders have come to expect,” Connolly said. The name change is part of a corporate-wide initiative to unify the brands of The Wright Insurance Group and will have no effect on customer service according to Henry Neal Connolly, President of Wright Flood. ![]() Petersburg, FL) Fidelity National Indemnity Insurance Company (Fidelity Flood), the nation’s largest provider of federal flood insurance, will be renamed Wright National Flood Insurance Company and do business as Wright Flood pending final regulatory approval by the Texas Department of Insurance. ![]()
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