Wright National acquires flood insurance book from UPC Insurance
Wright National Flood Insurance , a provider of federal flood insurance, is planning to acquire the flood insurance policy book from UPC Insurance . The transaction is expected to close on June 30, 2022, subject 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 manage UPC Insurance’s NFIP flood placements. All new policies and renewals will be issued by Wright National Flood Insurance Company, which is A.M. Best-rated for financial strength as A- (Excellent). For retail agents accessing flood coverage through UPC Insurance, there will be minimal change in the process to continue to provide NFIP coverage for policyholders. Together, Wright and UPC Insurance representatives will be in contact with their agents.
Wright Flood has more than 40 years of experience exclusively in the flood insurance industry. It is widely recognized for its experience, claims response and long-standing commitment to partner with agents and policyholders, especially at the time of a flood loss. Wright Flood takes pride in user-friendly technology, exceptional claims reputation, and providing a high level of service.