As with computer models that help predict risk from hurricane winds, insurers now have more than one model to use when gauging flood damage in storm-soaked Florida. The Florida Commission on Hurricane Loss Projection Methodology this month accepted three flood …
Wright National Flood Insurance Co. said it will acquire the current flood insurance book of business from Westfield Insurance Co. and will service, administer and issue flood coverage under the National Flood Insurance Program for Westfield policyholders and agents going …
Unleashing the invisible hand that has been missing from the flood insurance market for nearly 50 years is no easy task. But private flood insurance experts say the change would be a good thing not only for private flood insurers …
Homeowners of America Insurance Co. (HOAIC), a Texas-based property and casualty insurance company, is expanding its products to offer flood insurance to its policyholders in Texas. Homeowners of America flood insurance will be offered through a private label partnership with …
Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright’s lead equity partner. The Wright Insurance Group (TWIG), with $114 million in revenues, is a …
Flood insurance company Fidelity National Indemnity Insurance Co. is being renamed Wright National Flood Insurance Co. The name change must be approved by the Texas Department of Insurance. Wright National Flood is a member of The Wright Insurance Group, owned …
