know about this Wright National Flood Insurance Company Announces Agreement with UPC Insurance
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Wright Flood will service, manage and issue NFIP coverage for UPC policyholders and agents
ST. PETERSBURG, Fla., June 14, 2022 /PRNewswire/ — Wright National Flood Insurance Company, the nation’s leading provider of federal flood insurance, has announced an agreement to acquire the flood insurance policy book of United Property & Casualty Insurance Company (“UPC Insurance”). The transaction is expected to close on June 30, 2022subject to approval by the Federal Emergency Management Agency (“FEMA”).
Wright Flood will service, administer and issue flood coverage under the National Flood Insurance Program (“NFIP”) for UPC Insurance policyholders and agents.
Beginning in the third quarter of 2022, Wright Flood will administer UPC Insurance’s NFIP flood placements. All new and renewal policies will be written by Wright National Flood Insurance Company, which is rated A- (Excellent) for financial strength by AM Best. For retail agents accessing flood coverage through UPC Insurance, there will be minimal changes to the process for continuing to provide NFIP coverage to policyholders. Together, representatives from Wright and UPC Insurance will contact your agents.
Wright Flood has over 40 years of experience exclusively in the flood insurance industry. He is widely recognized for his expertise, claims response and long-standing commitment to partnering with agents and policyholders, especially at the time of a flood loss. Wright Flood prides itself on its easy-to-use technology, its exceptional claims reputation and its high level of service.
President of the Wright National Flood Insurance Services Patricia Templeton-Jones said she is excited about the new partnership with UPC Insurance agents.
“United Property and Casualty Company has been in existence since 1999 for its policyholders and agent partners,” said Templeton-Jones. “We are excited to continue that long history and bring our experience in the flood insurance industry to create a smooth transition during this process.”
“Wright Flood has long been a leading provider of NFIP flood coverage and private flood insurance options for both homeowners and businesses,” he added. “That goes back to 1983, when it was one of the first Write Your Own (“WYO”) participants in the National Flood Insurance Program. We’ve been diligent in keeping up with all updates with Risk Rating 2.0 and look forward to providing that knowledge with our new agent and policyholder partners.
“We are pleased to have reached an agreement with Wright for the sale of UPC Insurance’s NFIP flood business book,” said UPC Insurance Chief Information Officer and Chief Operating Officer. Chris Griffith. “Wright’s excellent reputation in the field of flooding and the specialized knowledge of the NFIP Write Your Own program will serve the dynamic needs of UPC Insurance’s NFIP policyholders and agents.”
Wright National Flood Insurance Company, the nation’s largest flood insurance provider and a wholly owned subsidiary of Brown & Brown, Inc., offers private, federal and excess flood insurance with industry-leading, A-rated experience. (Excellent) by AM Best. Wright Flood prides itself on easy-to-use technology, an exceptional claims reputation, and the service customers deserve. Wright Flood enjoys a strong reputation for excellence with FEMA and participates on industry councils and advisory boards in Washington D.C. to strengthen the flood program that serves 5.6 million flood policyholders. Agents and consumers can visit us at www.wrightflood.com Y wrightfloodadvice.org. To find an agent, call (866) 373-5663.
About United Insurance Holdings Corp.
United Insurance Holdings Corp. (UIHC) acts as a holding company for United Property & Casualty Insurance Company and its affiliated companies. Collectively, including United Insurance Holdings Corp., we refer to these entities as “UPC Insurance,” which is the preferred brand identification we are establishing for our company. UPC Insurance is primarily engaged in the business of property and casualty insurance for homeowners in the United States. Seguros UPC has operated in Florida since 1999, and has successfully managed his business through various hurricanes and tropical storms. Learn more about UPC Insurance at upcinsurance.com.
This press release may contain certain statements regarding future results that are forward-looking statements, including those associated with this acquisition. These statements are not historical facts, but represent only Brown & Brown’s current belief regarding future events, many of which, by their nature, are inherently uncertain and beyond Brown & Brown’s control. It is possible that the actual results and financial condition of Brown & Brown may differ, possibly materially, from the anticipated results and financial condition set forth in these forward-looking statements. More information about Brown & Brown and its business, including factors that could potentially materially affect Brown & Brown’s results and financial condition, as well as its other achievements, can be found in Brown & Brown’s filings with the Securities and Exchange Commission. Values. Such factors include those factors relevant to Brown & Brown’s consummation and integration of the announced acquisition, including all matters discussed in the due diligence process and material adverse changes in the business and financial condition of the seller, the buyer, or both. and their respective clients. All forward-looking statements made in this document are made only as of the date of this release, and Brown & Brown undertakes no obligation to publicly update or correct any forward-looking statement to reflect events or circumstances occurring subsequently or from which Brown & Brown Brown from here on out realizes.
Senior Communications Manager, Wright Flood
SOURCE Wright National Flood Insurance Company