Universal Insurance Holdings Inc. announced that the Pennsylvania Insurance Department has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), and that UPCIC has subsequently written its first homeowners insurance policy in Pennsylvania.
“We are pleased to write our first homeowners insurance policy in Pennsylvania. We look forward to growing our network of independent agents in Pennsylvania and offering our insurance products to citizens of the Keystone state,” said Sean P. Downes, president and CEO of Universal Insurance Holdings. “This marks the tenth state of operation for the company and another key milestone in our geographic expansion efforts.”
Fort Lauderdale, Florida-based Universal Insurance Holdings said in its announcement that UPCIC is one of the leading writers of homeowners insurance in Florida and is fully licensed to offer its homeowners insurance products in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, Maryland, Delaware, Indiana and now Pennsylvania.
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