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.
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
