ST. PETERSBURG, Fla.--(BUSINESS WIRE)--
United Insurance Holdings Corp. (Nasdaq: UIHC)(UPC Insurance or
the Company), a property and casualty insurance holding company, today
announced estimated catastrophe losses incurred during the third quarter
ending September 30, 2018 of approximately $35 million before income
taxes (approximately $27 million after tax) net of expected reinsurance
recoveries. The Company’s third quarter catastrophe losses included
claims from Hurricane Florence, which made landfall as a category 1
storm in North Carolina, along with new third quarter 2018 and
development on prior 2018 catastrophe events.
About UPC Insurance
Founded in 1999, UPC Insurance is an insurance holding company that
sources, writes and services personal and commercial residential
property and casualty insurance policies using a group of wholly owned
insurance subsidiaries through a variety of distribution channels. The
Company currently writes policies in Connecticut, Florida, Georgia,
Hawaii, Louisiana, Massachusetts, New Jersey, New York, North Carolina,
Rhode Island, South Carolina and Texas, and is licensed to write in
Alabama, Delaware, Maryland, Mississippi, New Hampshire, and Virginia.
From its headquarters in St. Petersburg, UPC Insurance's team of
dedicated professionals manages a completely integrated insurance
company, including sales, underwriting, customer service and claims. UPC
Insurance is a company committed to financial stability and solvency.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181001005989/en/
United Insurance Holdings Corp.
Jessica Strathman, 727-895-7737
Director
of Financial Reporting
jstrathman@upcinsurance.com
or
Investor
Relations:
The Equity Group
Adam Prior, 212-836-9606
Senior
Vice-President
aprior@equityny.com
Source: United Insurance Holdings Corp.