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Philadelphia Insurance Companies (“PHLY”) is now offering commercial excess flood coverage to complement its commercial primary flood product. PHLY’s new excess coverage is available at limits higher than the National Flood Insurance Program (“NFIP”).

“Providing primary and excess commercial flood coverage creates a convenient and flexible solution for PHLY’s specialized market customers,” commented Neal Schmidt, the vice president of underwriting at PHLY. “Excess coverage provides another flood exposure solution to insureds with rates and coverages that may be more favorable than those offered in the current marketplace.”

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