Wright National Flood Insurance and First Insurance Co. of Hawaii Join Forces

A New Era in Flood Insurance: Wright National Flood Insurance and First Insurance Co. of Hawaii Collaborate

In a significant development for the insurance landscape, Wright National Flood Insurance Company, a prominent player in the flood insurance sector, has entered into an agreement to acquire the flood insurance policy portfolio from First Insurance Company of Hawaii (FICOH). This partnership is set to enhance service delivery for flood insurance policyholders and agents in Hawaii.

Wright Flood, recognized as the nation's leading provider of federal flood insurance, will now take on the responsibility of servicing, administering, and issuing flood coverage under the National Flood Insurance Program (NFIP) for FICOH clients. FICOH has long been a trusted name in Hawaii, being the oldest and largest property and casualty insurer in the state since its founding in 1911.

Patricia Templeton-Jones, the CEO of Wright National Flood Insurance Services, expressed her enthusiasm regarding this partnership, emphasizing the blend of local expertise and robust global backing that FICOH brings to the table. She stated, "First Insurance Company of Hawaii combines over a century of local market knowledge with the global strength of the Tokio Marine Group, making it a cornerstone of Hawaii's insurance industry." Wright Flood aims to uphold FICOH's legacy while introducing its specialized knowledge in flood insurance services.

The collaboration comes at a critical time as the need for efficient flood coverage persists, especially as climate-related events become more challenging to predict. Wright Flood is noted for its user-friendly technology and a strong claims response reputation, both essential elements as they prepare to take on the responsibility for FICOH's NFIP flood placements starting this fall.

Lance Kawano, the Senior Vice President of FICOH, highlighted the importance of this transition by saying, "As we looked ahead, it was important to partner with a highly reputable NFIP provider that shares our commitment to personalized service." This partnership not only facilitates a smooth transition but also reassures existing policyholders about continuity in service and expertise.

Wright Flood, with over four decades of experience exclusively in the flood insurance market, has built a reputation for being a premier provider of flood coverage since the inception of the NFIP. The company is rated A (Excellent) by AM Best for its financial strength, which further solidifies its position in the industry.

The seamless integration of FICOH's policy portfolio will require minimal changes for retail agents who currently provide flood coverage through FICOH. Agents can expect to continue delivering the same high-quality service while benefitting from Wright Flood’s extensive resources and expertise.

With Wright National Flood Insurance Company now at the helm of FICOH’s flood insurance operations, clients and agents alike can anticipate enhanced service delivery and access to a wider array of flood coverage options. Wright Flood is committed to ensuring that policyholders receive the guidance and support they need during flood emergencies, continuing to set the standard in the flood insurance industry.

As this partnership unfolds, both companies are poised to provide an enhanced flood insurance experience to residents and businesses across Hawaii. Clients can rest assured that their flood insurance needs are in capable hands, supported by the combined strength of two reputable companies dedicated to the welfare of their policyholders.

For more information about Wright National Flood Insurance, you can visit their website at wrightflood.com. To learn more about First Insurance Company of Hawaii and their community initiatives, explore ficoh.com.