8/25/2023 0 Comments Wright flood insurance company"We look forward to continuing their long history and providing their agents with our experience in the flood insurance industry. "IAT Insurance Group has provided flood coverage solutions for the past 15 years for its agent partners and policyholders," Templeton-Jones said. Patricia Templeton-Jones, Wright National Flood Insurance Services president, said she is excited about the partnership with IAT agents. Wright Flood takes pride in user-friendly technology, exceptional claims reputation and providing the service customers deserve. It is widely recognized for its industry-specific knowledge, claims response and long-standing commitment to partner with agents and policyholders, especially at the time of a flood loss. Wright Flood has more than 40 years of experience exclusively in the flood insurance industry. Additionally, Wright will also assume the servicing of IAT Insurance Group's private flood business. Wright Flood will service, administer and issue flood coverage under the National Flood Insurance Program (NFIP) for IAT policyholders and agents. Since the inception of the NFIP, Wright Flood has been a premier provider of flood coverage and private flood options for homeowners and business owners. ALL RIGHTS RESERVED.(PRNewsfoto/Wright National Flood Insurance) Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. ĪM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. This press release relates to Credit Ratings that have been published on AM Best’s website. The company’s solid operating performance is primarily driven by profits produced from service fees and ceding commissions from the NFIP, resulting in the company’s ability to generate surplus growth through operations. WNFIC’s balance sheet strength continues to be supported by its strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), excellent quality of capital, and conservative investment portfolio. Despite its mono-line orientation, WNFIC’s unique business profile with an exclusive flood focus has proven to benefit the organization as a proponent of the Federal Emergency Management Agency’s new pricing methodology for the National Flood Insurance Program (NFIP), Risk Rating 2.0, by providing early opt-in quotes, education and resources to consumers and agents. writer of federal flood insurance, which is supported by the largest Write Your Own sales and support staff, in addition to WNFIC’s excellent management with a successful history of executing its strategy. The rating upgrades reflect a revision in the company’s business profile assessment, which has benefitted from its strong market presence as the leading U.S. The ratings reflect WNFIC’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The outlook of these Credit Ratings (ratings) is stable. OLDWICK, N.J.-( BUSINESS WIRE)- AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of Wright National Flood Insurance Company (WNFIC) (San Antonio, TX).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |