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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.
Feb 28, 2024 · FIGA took on more than 12,000 UPC claims related to Hurricane Ian. Right now, there are about 1,650 claims pending. That means about 87% have been closed over the past year.
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Aug 1, 2023 · After UPC Insolvency, Parent Company Rebrands to American Coastal Insurance. By William Rabb | August 1, 2023. Six months after its namesake insurance carrier was deemed insolvent, United ...
Feb 21, 2023 · February 21, 2023 at 01:55 PM. 4 minute read. By Jim Saunders | February 21, 2023 at 01:55 PM. State regulators moved forward with placing United Property & Casualty Insurance Co. into...
Feb 20, 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,” reads a statement...
Mar 28, 2023 · Published:March 28, 2023Updated:March 28, 2023. Around 135,000 Floridians relied on United Property and Casualty Insurance (UPC) for homeowners’ insurance before it went insolvent in February....
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 $500...
