Florida Approves 14.6% Homeowners Insurance Rate Hike for Universal

October 22, 2009

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

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

Was this article valuable?

Here are more articles you may enjoy.