Selective Insurance Group of Branchville, New Jersey announced that it has purchased the servicing rights to flood insurance policies issued by the troubled Highlands Insurance Group. (See IJ Website Dec. 10, 12)
Selective, which serves as “write your own” carrier for the federally insured National Flood Insurance Program (NFIP), acquired over additional 5200 policies with an estimated premium of $2.1 million. It now services more than 119,000 flood insurance policies through the NFIP with total premium in excess of $46 million.
Selective specializes in administration and claims management; notably for medical, health and risk management services. Its FloodConnect, LLC program handles administration and claims services through the NFIP, and has been endorsed as the flood insurance servicing carrier for the IIAA.
Topics Mergers & Acquisitions Flood
Was this article valuable?
Here are more articles you may enjoy.
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says 
