Florida Approves 14.6% Homeowners Insurance Rate Hike for Universal
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
- Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong
- Former Oklahoma Farmers Agent Accused of Sharing Confidential Data in Lawsuit
- US $20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover
- AIG, McGill Announce Collaboration to Potentially Transform Subscription Market