United Property & Casualty News

Slide Will Assume 91,000 Policies and Premium in United P&C Runoff in Florida

One year after Slide Insurance made waves by taking over thousands of policies from a troubled Florida carrier, the young company has done it again. The Florida Office of Insurance Regulation on Tuesday signed a consent order granting Tampa-based Slide …

Update: United to Pay on Claim After Policyholders Cried No Response on Damage

The Florida Legislature’s insurance rescue bill, approved last week, won’t take effect soon enough to help policyholders and insurance agents who’ve had no response from beleaguered United Property & Casualty Co. on Hurricane Ian claims. The lack of information has …

UPC Gives up the Ghost: Now in Orderly Run-Off, But Trouble May Be Brewing

United Property & Casualty Insurance Co., facing heavy losses, in July put out feelers for a potential sale or merger with another carrier, after a ratings downgrade and a substantial reorganization plan. But the firm’s holding company announced Wednesday that …

United P&C Completes Florida Restructuring Amid Catastrophe Losses

United Insurance Holdings, parent of United Property & Casualty Insurance, said it has completed most of its major reorganization plan, consolidating its four Florida-based carriers into two. The news was accompanied by second-quarter catastrophe losses of $17 million after taxes, …