Search results
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 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 million ...
Feb 20, 2023 · UPC officials could not be reached for further comment. The OIR affidavit and consent order recounted milestones on the 24-year-old company’s road to insolvency:
Feb 21, 2023 · UPC is expected to be insolvent as of December 31, 2022,” the Feb. 10 filing said. “Accordingly, the company has notified the Florida OIR of UPC’s material impairment.” Jim Saunders ...
Feb 17, 2023 · UPC is expected to be insolvent as of December 31, 2022,” the Feb. 10 filing said. “Accordingly, the company has notified the Florida Office of Insurance Regulation of UPC’s material ...
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 ...
People also ask
Is UPC insolvent?
Is United property & casualty (UPC) insolvent?
What happened to UPC insurance?
Is UPC ignoring homeowners' insurance claims?
Feb 23, 2023 · New Florida property insurance company picks up nearly 200,000 homeowners from insolvent companies . UPC is the tenth property insurance company in Florida to go insolvent in the last three years
