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United Property & Casualty Insurance Company, Inc. (UPC Insurance) is an American property and casualty insurance company with headquarters in Florida. It writes commercial, residential, homeowners’ , and flood insurance policies in several coastal states.
Over the last year, at least eight adjusters working for St. Petersburg-based United Property and Casualty, which is now insolvent, alleged the company was manipulating their reports to ...
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
In a lawsuit against one company, a claims adjuster testified that the company’s practices included “ignoring damages” and “removing estimates that the field adjuster wrote.”
American Modern Insurance Group, Inc., operating under the American Modern® insurance brand, is the holding company for a number of subsidiary property and casualty insurance companies that provide specialty products for owners of a variety of specialty dwellings such as houses, seasonal homes and mobile homes, and collectable or recreational vehicles such as watercraft, snowmobiles and ...
In 1998 it acquired USF&G, known formerly as United States Fidelity and Guaranty Company, an insurance company based in Baltimore, Maryland, for $3.9 billion in stock and assumed debt. [8] [9] By buying USF&G, they went from the 13th to the eighth largest property and casualty insurance company in the United States. Through economies of scale ...
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Frequent catastrophes accelerating policy renewal rate and the resultant upward pricing pressure are likely to boost the performance of Zacks Property and Casualty Insurance industry players like ...
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