Universal Property and Casualty Insurance News

Florida’s Universal P&C Overstated Claims to Cat Fund, Must Pay $4M Fine, AG Says

The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund. …

Universal, AmCoastal Report Some Costs from Helene, Milton for Q3

One of Florida’s largest property insurers and one of its smaller carriers reported losses at least partly related to Hurricane Helene, which landed just before the third quarter closed, and from Hurricane Milton, which struck less than two weeks later. …

Florida Judge Slams Universal for ‘Stonewalling,’ Demands Answers From Company

Universal Property & Casualty Insurance Co. officials are discounting the significance of recent Florida judges’ rulings that have slammed the company for violating court orders, have forced Universal to default on lawsuits, have referred a Universal lawyer for disciplinary action, …

Florida’s Universal Insurance Bounces Back in Q4 After Hurricane Ian Losses

Universal Insurance Holdings Inc. (UVE), parent company of Universal Property & Casualty Insurance Co., last week reported net income of $25.1 million in its fourth quarter, a sharp increase from the previous quarter. On a per-share basis, the Fort Lauderdale, …