"Due to significant uncertainty around the future availability of reinsurance for our personal lines business, I believe placing United P&C into an orderly run-off is prudent and necessary to protect the Company and its policyholders," Dan Peed, Chairman & CEO of UPC Insurance, said in a release. (Credit: ALM)
United Property & Casualty Insurance Co. (UPC), the personal lines subsidiary of United Insurance Holdings Corp., has filed plans to withdraw from Florida, Louisiana and Texas markets, and expects to do the same in New York. The plans call for nonrenewal of personal line policies in those four states.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
