UPC Insurance News

Another Big Insurer Stops Writing Homeowners Policies in Florida

The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state – while also asking for a rate increase on some policies. United …

UPC Insurance, American Coastal Complete Merger

United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, announced April 3 it has received all necessary regulatory approvals, met all other closing conditions and successfully completed its merger with American Coastal Insurance Co. The acquisition …

UPC Insurance Receives Approval to Acquire Interboro in New York

United Insurance Holdings Corp. (UPC Insurance), a property/casualty insurance holding company based in St. Petersburg, Florida, announced that it received formal approval from the New York State Department of Financial Services (NYDFS) to acquire Interboro Insurance Company. UPC Insurance first …

UPC Insurance to Buy Interboro for $57M

United Insurance Holdings Corp. (UPC Insurance) said it will pay $57 million for Interboro Insurance Co., a New York-based property/casualty insurer licensed to operate in four states and Washington, D.C. The deal involves both cash and stock and allows for …

UPC Insurance to Acquire Family Security Holdings

United Insurance Holdings Corp. (UPC Insurance) said it plans to acquire Family Security Holdings LLC for $9 million. The transaction is expected to close by Jan. 31, 2015. FSH is an insurance holding company with two wholly owned subsidiaries, Family …