Universal Property and Casualty News

Florida Fines Universal P&C Co. $1.26M

Florida’s second largest property insurer is paying a fine of $1.26 million. Florida Insurance Commissioner Kevin McCarty announced Monday that Universal Property & Casualty Insurance Co. has agreed to pay the fine and change its business practices. Universal has roughly …

Florida Fines Universal P/C $1.3M for Claims Delays, Notice Failures

Florida’s second largest property insurer is being hit with a fine of nearly $1.3 million. Florida Insurance Commissioner Kevin McCarty announced that his office was assessing a fine against Universal Property & Casualty Insurance Co. Universal has roughly 542,000 policyholders …

Florida Consumer Advocate Hits Use of Past Credit History to Deny Claims

Florida’s consumer advocate is calling for an investigation into insurers using homeowners’ past credit history to deny claims and cancel policies even though the homeowners have paid premiums for years. Florida Consumer Advocate Robin Westcott said some property insurers are …