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FOR IMMEDIATE RELEASE
August 9, 2011
ABA Media Contact: John Hall
(202) 663-5473
E-mail: jhall@aba.com
Follow us on Twitter: @ABABankingNews
ABA ENDORSES VOLUNTARY EXCESS AND COMMERCIAL FLOOD PRODUCTS
FROM WNC INSURANCE SERVICES INC.
Specialty Products Offer Enchanced Coverages and Higher Limits for Superior Flood Protection
WASHINGTON – The American Bankers Association, through its subsidiary the Corporation for American Banking, today announced its endorsement of voluntary excess and commercial flood insurance products available through WNC Insurance Services, Inc.
The ABA-endorsed flood insurance programs will enable WNC to help protect a financial institution's interests by offering one of the most comprehensive flood insurance policies in the industry. WNC's excess flood and commercial flood products provide a comprehensive alternative to the National Flood Insurance Program by offering consumers and businesses enhanced coverages and higher limits to better protect their property from the peril of flood.
WNC Insurance Services is an industry leading provider of flood insurance and other specialty products and services to US financial institutions, agencies and their customers. Thirty years of underwriting experience has given WNC the knowledge and expertise to accurately evaluate flood exposures and identify consumers' needs.
"ABA member institutions are looking for a flexible, high quality solution for voluntary excess flood insurance," remarked John Wolff, president of CAB. "With WNC and the robust flood insurance suite created for ABA, we have the right set of options for our members' own protection and for their customers – both on the consumer and commercial side."
"WNC is honored to receive the ABA's endorsement of our commercial and excess flood products," said Norman Heinrich, president of Voluntary Products for WNC "Their endorsement is a validation of WNC's expertise and many years of developing best-in-class flood programs to satisfy our customers' needs."
More on the Excess Flood Insurance Program.
More on the Commercial Flood Insurance Program.
About American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $13 trillion banking industry and its two million employees. The majority of ABA's members are banks with less than $165 million in assets. Learn more at aba.com.
About WNC Insurance Services, Inc.
Founded in 1962, WNC is a leading provider and innovator of specialty insurance products and services to US financial institutions and their customers. WNC delivers a comprehensive set of insurance products, insurance tracking services, and technology tools that help streamline compliance processes and ensures protection of a financial institution's interests.
WNC pioneered excess flood and lender placed flood insurance in the 1980s, monoline lender placed wind in 1998, and single-policy commercial flood in 2010. Today, WNC is one of the largest Lloyd's of London flood, wind and excess flood contract holders and managing general underwriters in the US.
WNC has business centers in Los Angeles, Dallas, Milwaukee and Miami and sales offices in Los Angeles, Dallas, Little Rock, Columbia, Atlanta and Orlando.
About Corporation for American Banking
The Corporation for American Banking (CAB) is an affiliate of the American Bankers Association that endorses bank solutions on behalf of the Association, helping banks save money, make money, and operate more efficiently. Solutions range from mission-critical insurance, compliance and risk management programs to services that help banks stay competitive and efficient through technology and business growth platforms. More than 6,000 banks use at least one ABA-endorsed CAB program. These programs are also supported by State Bankers Associations through co-endorsement relationships.
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