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Feb 27, 2023 · Under the Receivership Order, all insurance policies, except for flood policies, issued by United Property & Casualty Insurance Company ("UPCIC") in effect at the time of the issuance of the Order cancelled effective 12:01 a.m. on March 29, 2023.
Aug 25, 2022 · The Florida Insurance Guaranty Association would pay an insolvent insurer’s claims up to a statutory limit of $500,000, and Citizens would step in after that, at least for a year, according to ...
Feb 27, 2023 · Liquidation Date: February 27, 2023. NAIC Number: 10969. Claim Deadline: February 27, 2024. Policy Cancellation Date: March 29, 2023 [ except for Flood Claims] Effective February 27, 2023, United Property & Casualty Insurance Company ( “Company” or “UPC” ) was ordered into liquidation by the Second Judicial Circuit Court in Leon County ...
Nov 14, 2022 · For all lines, UPC had 147,520 policies in force at the end of September, down almost 26% from the end of 2021. UPC has received more than 23,000 claims from Hurricane Ian, which struck Florida ...
Feb 20, 2023 · The decision to place UPC in receivership is yet another hit to Florida's property-insurance market. “Now with UPC, that’s 10 Florida insurance companies that have failed since the beginning ...
Feb 17, 2023 · “UPC was heavily concentrated in the Southwest Florida region and received approximately 25,000 claims from Hurricane Ian with a gross estimated loss of over $1 billion. ... UPC Insurance plans ...
Aug 1, 2023 · American Coastal owns Interboro Insurance Co., a New York-domiciled personal lines carrier. The holding company reported it had $261 million net income for the first quarter of 2023, up ...
