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
Topics Florida Pricing Trends Homeowners
Was this article valuable?
Here are more articles you may enjoy.
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US 
Highest-Ever Ocean Temperature Measured as Super El Niño Forms 
KPMG Australia to Fire Hundreds of Workers as Crisis Deepens 
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’ 
