Wright Flood acquires IAT Insurance Group flood policy book – Reinsurance News

Wright National Flood Insurance Company announced that it has agreed to acquire flood insurance policies from IAT Insurance Group Inc. and its affiliate, the Occidental Fire and Casualty Company of North Carolina.

Starting in early 2023, Light Flood will provide and manage flood coverage under the National Flood Insurance Program (NFIP) for IAT policyholders and agents, in addition to underwriting the service provision of IAT Insurance Group’s private flood business. , will be issued.

Patricia Templeton-Jones, president of Wright National Flood Insurance Services, commented:

“We look forward to continuing their long history and providing their agents with experience in the flood insurance industry.

“Since NFIP’s inception, Light Flood has been the premier provider of flood coverage and private flood options for homeowners and business owners.”

Stratumn, SIA Partners

Joe Tracy, Executive Vice President, Inland Shipping, Real Estate and Aviation, IAT, said:

“We are confident that customers will continue to appreciate the peace of mind provided by flood coverage.”

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