Lexington Insurance Company and The Flood Insurance Agency have partnered to offer Private Market Flood, a simple alternative to FEMA flood insurance. Both companies have a lengthy track record of innovation.
For 50 years, Lexington has provided innovative property, casualty, financial lines, healthcare, personal lines, and specialty lines insurance coverages and services to companies and organizations of all sizes – from Fortune 100 corporations to small and middle market entities. Lexington is renowned for its ability to help brokers find solutions to the most challenging insurance needs of their clients.
Drawing on their entrepreneurial spirit, their employees are encouraged each day to rise to challenges and embrace opportunities to make a difference. Their diverse workforce generates ground-breaking ideas that provide innovative solutions for their clients and help solidify Lexington’s position as a market leader.
A spirit of innovation that is at the core of Lexington’s operating principals. As part of their efforts to develop new products and respond quickly to emerging market needs, they have launched over 200 new Lexington products and services – generating over $2 billion in gross written premium from 2006 to 2011.
The Flood Insurance Agency has been at the forefront of the flood insurance industry for over 25 years. In just over three and a half years, the program has written $75 million of private flood insurance premiums, now insures over $3.6 billion of property, 20,000 risks, and has registered over 3000 independent agencies in 37 states to market the program.
TFIA was the first company, in March of 1989, to offer lenders computer automated keyboard generated flood zone determinations; the first company in 2003 to advertise the sale of FEMA flood insurance online using Google Adwords, the first company in 2004 to offer website based access to FEMA’s lender placed flood insurance, the MPPP, and more recently in 2013, at the height of the backlash from skyrocketing flood insurance premiums, the first company to offer private flood insurance in Florida.
TFIA’s CEO has testified before the House Financial Services Subcommittee on Housing and Insurance, and has regularly been called upon by lenders and state banking associations to provide compliance instruction of the Federal Mandatory Purchase of Flood Insurance requirements. He has been quoted in The New York Times, The Wall Street Journal, and many insurance industry publications.
The Flood Insurance Agency's mission is to provide affordable flood insurance to protect the possessions and lifestyles of the maximum number of our brokers' home and business owners, while simultaneously improving the lives of our employees and the profitability of our business partners.
Why Should My Client Purchase Lex FloodReady?