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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.
From early 2022 to the first quarter of 2023, seven Florida insurers had been declared insolvent including United Property & Casualty Insurance (UPC) with 135,000 policies. [31] Their policies were concentrated in Southwest Florida and experienced 25,000 claims with losses of $864 million from Hurricane Ian. [ 31 ]
Since 2017, eleven property and casualty companies that offered homeowners insurance in Florida liquidated. Five of those companies liquidated in 2022, and United Property & Casualty Insurance ...
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.
A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of ... at least eight adjusters working for St. Petersburg-based United Property and Casualty ...
The Orange Insurance Exchange is the newest kid on the block in Florida. The property and casualty insurance company was approved to begin writing insurance in the state on Sept. 1 but won’t ...
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