Flood policies change hands as local insurers strike deal

UPC Insurance has agreed to sell its book of flood insurance business to Wright National Flood Insurance Co.

  • By Business Observer Staff
  • | 12:40 p.m. June 23, 2022
  • | 0 Free Articles Remaining!
UPC Insurance Chief Information Officer and Chief Operating Officer Chris Griffith. (Courtesy photo)
UPC Insurance Chief Information Officer and Chief Operating Officer Chris Griffith. (Courtesy photo)
  • Tampa Bay-Lakeland
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Wright National Flood Insurance Co., a leading provider of federal flood insurance, has agreed to acquire UPC Insurance’s flood insurance policy book.

Both insurers are based in St. Petersburg, and the deal, according to a news release, is expected to close on June 30, subject to final approval by the Federal Emergency Management Agency. The acquisition cost was not disclosed in the release.

 

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