|By Marketwired .||
|August 19, 2013 03:35 PM EDT||
ST. PETERSBURG, FL--(Marketwired - August 19, 2013) - New York Central Mutual Insurance (NYCM) has partnered with Wright Flood to offer their policyholders federal flood insurance written by Wright Flood, the largest provider of flood insurance in the U.S. Effective August 6, 2013, new flood insurance policies sold by NYCM's 1,100 independent agents will be written by Wright Flood while renewal policies will begin to renew as Wright Flood after October 1, 2013.
"Wright Flood employs the largest full time flood claims staff in the industry to adjust and pay losses quickly," said Henry Neal Conolly, President. "Our single focus on flood insurance means we are not diverted or delayed from paying claims by any conflicting property coverage."
Within the first 90 days after Superstorm Sandy, Wright Flood closed or advanced payment to nearly 70% of claimants, while the flood industry was generally criticized for a closed claim rate that reportedly reached just 30%, as noted in the Wall Street Journal. (Wright Flood's response can be read at the WSJ Metro Section.)
Wright Flood will service the flood policies, respond to customer inquiries and manage flood claims from its St. Petersburg Florida flood processing center. Wright Flood is a member of The Wright Insurance Group headquartered in Uniondale, New York.
About Wright Flood:
Wright Flood, formerly Fidelity National Flood, provides federal flood insurance, excess flood coverage and leading industry expertise, earning an A- (Excellent) rating from A.M. Best. As the largest flood insurance provider in the nation, Wright Flood takes pride in user-friendly technology, exceptional claims reputation and providing the service that clients deserve. Agents and consumers may visit Wright Flood at www.wrightflood.com. A subsidiary of The Wright Insurance Group since 2011, more information is available at www.wrightinsurance.com.
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Dolores D. Glass