West Palm Beach, FL September 23, 2004 - Flood Zone Correction, Inc. (FZC), the nation’s first flood zone correction company, announces a unique alliance with Willis Group (NYSE: WSH), one of three global insurance brokers. For a two-year term, Flood Zone Correction, Inc., will provide flood zone 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 (NFIP) at a cost of nearly $2 billion every year.

For commercial real estate owners, successful flood zone 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, 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.

Willis clients to more clearly define the true flood risk of their facilities, to correct flood zone 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, 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.

Pages: 1 2