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FZC and Willis Group, one of the three top global insurance brokers and risk
management companies, join forces to save commercial property owners money on
flood policies.
West Palm Beach, FL (PRWEB via PR Web Direct (http://www.prwebdirect.com>PR))
September 23, 2004 - Flood Zone Correction, Inc. (FZC), the nation’s first
flood zone correction (http://www.floodzonecorrection.com) company, announces
a unique alliance with Willis Group (http://www.willis.com) (NYSE: WSH), one
of three global insurance brokers. For a two-year term, Flood Zone
Correction, Inc., will provide flood zone (http://www.floodzonecorrection.
com) correction services for U.S. real estate assets owned and operated by
Willis clients.
Across the country, property owners purchase more than 4.4 million flood
insurance policies through the National Flood Insurance Program (http://www.
floodzonecorrection.com) (NFIP) at a cost of nearly $2 billion every year.
Flood insurance (http://www.floodzonecorrection.com) requirements imposed by
mortgage companies are the basis for the vast majority of these policies and
premiums. The process of flood zone correction increases property values of
residential and commercial buildings by eliminating unwarranted flood
insurance (http://www.floodzonecorrection.com) requirements to reduce
insurance costs. For commercial real estate owners, successful flood zone
(http://www.floodzonecorrection.com) correction delivers up to a 100% annual
return on investment and up to a 1,600% return on investment at disposition
or refinance by capitalizing the savings (new earnings).
“The Willis alliance is an important milestone in Flood Zone Correction (http:/
/www.floodzonecorrection.com), Inc.’s growth and we are excited to offer our
proactive risk management service to their clients,” states Dan Freudenthal,
president of Flood Zone Correction, Inc. He continues, “The partnership is
another example of Willis` leadership in the risk management and insurance
brokerage industry. Together, we will help Willis clients to more clearly
define the true flood risk (http://www.floodzonecorrection.com) of their
facilities, to correct flood zone (http://www.floodzonecorrection.com)
classifications that are wrong, to reduce insurance premiums and to reduce
exposure to flood losses.”
Brad Hart, Senior Vice President, Willis Risk Solutions, said, “Our
partnership with Flood Zone Correction (http://www.floodzonecorrection.com),
Inc., allows Willis to offer our clients an innovative opportunity to better
understand their flood risk to ensure that they have the most appropriate
coverage or risk mitigation techniques in place. The alliance not only
presents significant cost savings for our clients but also has the added
benefit of increasing their net worth with the potential of increasing their
real estate values.
Willis Group Holdings Limited is a leading global insurance broker, developing
and delivering professional insurance, reinsurance, risk management,
financial and human resource consulting and actuarial services to
corporations, public entities and institutions around the world. With over
300 offices in some 80 countries, its global team of 14,500 Associates serves
clients in some 180 countries. Additional information on Willis may be found
on its web site: www.willis.com (http://www.willis.com).
Flood Zone Correction, Inc., a Florida corporation headquartered in West Palm
Beach, is the leading advocate for consumers and commercial building owners
throughout the country, promoting fairness in the evaluation of flood risk
(http://www.floodzonecorrection.com) and imposition of flood insurance (http:/
/www.floodzonecorrection.com) requirements. Since its founding in 2001, Flood
Zone Correction, Inc., has successfully reclassified over 90 percent of the
properties evaluated. For more information visit the company’s website at www.
floodzonecorrection.com (http://www.floodzonecorrection.com) or call (877)
Flood Zone (877-356-6396).
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