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      • On February 16, 2023, Michael Yaworsky, the Interim Commissioner of the Florida Office of Insurance Regulation, found that UPC was “insolvent.” This means that UPC can’t pay all of its obligations, such as policyholder claims. UPC must now bring its business to an end and pay claims and bills with available money and assets.
      www.tdi.texas.gov › consumer › upc-liquidation-FAQ

      FAQ for policyholders of United Property & Casualty Insurance ...

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  3. www.tdi.texas.gov › consumer › upc-liquidation-FAQFAQ for policyholders of United Property & Casualty Insurance ...

    Feb 27, 2023 · On February 16, 2023, Michael Yaworsky, the Interim Commissioner of the Florida Office of Insurance Regulation, found that UPC was “insolvent.” This means that UPC can’t pay all of its obligations, such as policyholder claims. UPC must now bring its business to an end and pay claims and bills with available money and assets. 3. What is ...

  4. www.katc.com › news › covering-louisianaUPC is insolvent: What homeowners' policy holders need to know

    Feb 23, 2023 · Homeowners insurer United Property & Casualty Insurance Company (UPC) has declared insolvency in Florida after its estimated losses from Hurricane Ian increased to $1.5 billion, over...

  5. www.insurancejournal.com › news › southeastAfter UPC Insolvency, Parent Company Rebrands to American ...

    Aug 1, 2023 · The St. Petersburg, Florida-based holding company for now-defunct United Property & Casualty Insurance Co. announced it has changed its name and stock market symbol. The firm will be...

  6. www.law.com › dailybusinessreview › 2023/02/21Insolvent Insurer United Property & Casualty Headed to ...

    Feb 21, 2023 · In a Feb. 10 filing with the federal U.S. Securities and Exchange Commission, parent company United Insurance Holdings Corp. said UPC was expected to be placed into receivership because of...

  7. winknews.com › 2023/03/28 › what-florida-homeownersUPC Insurance closed with your open claim. Now what?

    Mar 28, 2023 · Around 135,000 Floridians relied on United Property and Casualty Insurance (UPC) for homeowners’ insurance before it went insolvent in February. What should you expect if you have an open claim?

  8. www.insurancejournal.com › news › southeastOrderly Runoff Didn’t Work; Florida’s United P&C Now ...

    Feb 20, 2023 · Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced...

  9. www.twwlawfirm.com › upc-policyholders-forced-toUPC Policyholders Forced to Wait a Year Before Pursuing FIGA

    Oct 4, 2023 · On February 27, 2023 United Property and Casualty Insurance Co. (“UPC”) filed for bankruptcy, leaving thousands of policyholders—many with extensive damage from Hurricane Ian—scrambling to get their claims paid as well as secure insurance from another carrier.