United Property & Casualty Insurance Co. News

American Coastal, Once Affiliated with UPC, Has Buyer for Interboro in New York

American Coastal Insurance Corp., formerly affiliated with Florida-based United Property & Casualty Insurance, announced it has a cash buyer for Interboro Insurance Co. in New York. According to the company, the unnamed buyer will acquire 100% of the issued and …

Louisiana Commissioner Giving Incentive to Insurers Taking UPC Policies

Louisiana Commissioner Jim Donelon is notifying property/casualty insurers that they will receive credit toward the Insure Louisiana Incentive Program’s grant requirements for assuming United Property & Casualty Insurance Co. policies before they are canceled by the Florida judicial system on …

Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation

Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and will soon be liquidated. …