FZC Offers Flood Zone Correction Services.

West Palm Beach, FL -- Flood Zone Corr-ection, the nation's first flood zone correction company, has formed an alliance that will have FZC providing the Willis Group with flood zone correction services for U.S. real estate assets owned and operated by Willis' clients.

Dan Freudenthal, president of FZC, said the alliance with the Willis Group is the first of several that are in the works to market his company's service to property owners through insurance brokerages. The Willis Group's clients are mostly commercial mortgage owners and borrowers.

Across the country, property owners purchase 4.4 million flood insurance policies through the National Flood Insurance Program at a cost of nearly $2 billion every year.

Flood insurance requirements imposed by mortgage companies under a federal requirement are the basis for the vast majority of these policies and premiums.

But FZC says the process of flood zone correction determinations on residential and commercial properties can increase property values and save money by eliminating unwarranted flood insurance requirements.

Mr. Freudenthal told MSN that instant flood zone determinations made by overlaying digital maps on the government's flood zone hazard maps are efficient but prone to error.

"Only about 5% of buildings in the country lie in a high-risk flood zone," he noted. Rather than automatically assigning a flood ...