Florida Approves 14.6% Homeowners Insurance Rate Hike for Universal

Universal Property and Casualty Insurance Co. (UPCIC) reports it has received approval for a premium rate increase for its homeowners program in Florida.

The premium rate increase, which will average approximately 14.6 percent statewide, was approved by the Florida Office of Insurance Regulation (OIR). The effective dates for the premium rate increase are Oct. 22, 2009 for new business and Dec. 11, 2009 for renewal business.

UPCIC, one of the five biggest writers of homeowners’ insurance in Florida, is now also operaring in Georgia, Hawaii, North Carolina and South Carolina. Additionally, the company said it has filed an application to form a separate property/ casualty subsidiary to write homeowners’ insurance coverage in Texas.

Source: UPCIC
www.universalinsuranceholdings.com

Latest Comments

• October 26, 2009 at 10:52 am

  Mr. Solvent says:

  That's a good point Ben...although the story is clearly about Universal Property and Casualty. SWFL Agent isn't the first I've heard with some valid complaints about underwri... read more
• October 26, 2009 at 9:03 am

  Ben Dover says:

  In Florida there are several licensed insurance companies with the name "Universal". Perhaps you all are talking about 2 different carriers.
• October 26, 2009 at 8:55 am

  Mr. Solvent says:

  Yes, have had a couple of claims on my book. They were paid in a timely manner. As far as reaching an underwriter, take a look at your contact sheet. If your underwriter won't... read more