Zurich and SWBC reach an agreement to offer Excess Flood Insurance

 

Schaumburg, Ill. (May 22, 2012) – Zurich, a leading global property and casualty insurance provider announced that SWBC, a diversified financial services company will be a program administer writing excess flood policies for Zurich in all 50 states. The policies will provide coverage above the National Flood Insurance Program (NFIP) and will cover homes and businesses both inside and outside of the Federal Emergency Management Agency’s (FEMA) designated flood zone areas.

 

“We are pleased to be working with SWBC to provide the coverage of excess flood insurance,” said David Banks, head of Alternative Programs for Zurich North America Commercial. “SWBC is a very well-known company within the insurance and financial services industry in the United States and has a great reputation. This is the first time our companies have worked together to offer a product.”

 

Most standard flood insurance policies only provide coverage up to $250,000 for residential properties and up to $500,000 for commercial properties. Excess Flood insurance ensures that additional funds will be available if the estimated cost to rebuild, a home or business, is higher.

The coverage also provides:

Up to $5 million to rebuild properties valued above NFIP limits. However, higher limits can be obtained.

The replacement of stand-alone contents valued above the NFIP limits - up to $5 Million. Higher limits are available.

Money for additional living expenses.

Protection against business interruption.

 

More information can be found on the Zurich Programs site at: http://zprogramsmatch.com/Programview.aspx?program=ExcessFlood

 

About Zurich
Zurich Insurance Group (Zurich) is a leading multi-line insurance provider with a global network of subsidiaries and offices in Europe, North America, Latin America, Asia-Pacific and the Middle East as well as other markets. For more information about the products and services it offers and people Zurich employs around the world, go to http://www.zurichna.com/zna/aboutzurich/zna-home.htm. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, specialties and programs sectors. In addition, Zurich also offers life insurance products and services. 2012 marks Zurich's 100 year anniversary of insuring America and the success of its customers, shareholders and employees. Further information about Zurich's 100 year anniversary of insuring America is available at http://www.zurichna.com/100.

For more information about Zurich’s business in North America, go to http://www.zurichna.com/zna/media/news-releases/archive/boilerplate.htm

 

About SWBC
Headquartered in San Antonio, SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions in all 50 states. For more information, visit SWBC’s website at www.swbc.com.

 

Media Contacts:                                  
Jeff Casale                                                                                           Lisa Pinto

Zurich, North America                                                                        SWBC
(847) 413-5439 (Office)                                                                     (210)321-7328 (Office)
(847) 636-9773 (Cell)                                                                         (210)382-1520 (Cell)

Press and Media Contacts


If you are a member of the media, contact Lisa Pinto at 1-210-321-7328 or lpinto@swbc.com

For community relations contact Debbie Marino, at 1-210-635-1248 or dmarino@swbc.com