Universal Insurance Holdings News

Universal Ready to Add Florida Policies Again, Contemplates Potential Rate Cuts

Universal Insurance Holdings, after discontinuing more than 160,000 policies over the last two years, now sounds like it’s ready to start growing again in its home state of Florida. “As we move forward, we’re more confident in the Florida market, …

Florida’s Largest, Universal P&C, Sheds Policies, Shows Improved Bottom Line

Amid growing concerns about the health of Florida’s property insurers, the state’s largest carrier posted a somewhat mixed bag of financial results for the first quarter of 2022. But the company said it has taken big steps to reduce exposure …

Florida-Based Universal Insurance Holdings Names Downes Executive Chairman; Donaghy Appointed CEO

Universal Insurance Holdings, Inc.’s Chairman and CEO Sean P. Downes has taken on the role as executive chairman, beginning July 15. The Universal Insurance Holdings Board has appointed current Chief Operating Officer Stephen J. Donaghy as the new chief executive …

Update: Insurance Industry Preparation for Hurricane Irma in Full Swing in Florida

Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through the Caribbean, devastating the communities left in its wake on its potential path towards the U.S. Insurers made a full …

As Irma Looms, This Small Insurer Has an Outsized Bet on Florida

As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market capitalization dwarfed by industry giants like Allstate Corp. and …

Universal Property & Casualty Expands Into Alabama Homeowners Market

Universal Insurance Holdings, Inc. has been approved by the Alabama Department of Insurance to write homeowners insurance in the state through its subsidiary Universal Property & Casualty Insurance Company (UPCIC). The company reported that UPCIC has subsequently written its first …

Universal Property & Casualty’s Expansion Continues With License in N.Y.

Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) has been approved by the New York State Department of Financial Services as a licensed insurance …

Universal Property & Casualty Licensed in New Jersey

Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) was issued a certificate of authority from the New Jersey Department of Banking and Insurance approving …

Universal Property & Casualty Insurance Licensed in New Hampshire

Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the New Hampshire Insurance Department approving UPCIC as a licensed insurance entity in New …

Universal Property & Casualty Approved as Licensed Insurance Entity in Va.

Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced on July 21 that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the Virginia State Corporation Commission approving UPCIC as a licensed insurance …