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Demotech Affirms the Financial Stability Ratings® of Four Insurers in United Insurance Holding Corporation

Demotech Affirms the Financial Stability Ratings® of Four Insurers in United Insurance Holding Corporation
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Harris County Civil Court: Actions Taken on March 31

Tracii Lynne Hutsona: Agreed Judgment And Notice
Case number 1166346 was filed in the Harris County Civil Court.
In
Anthony L. Semien: Original Petition Citation Issued
Case number 1166799 was filed in the Harris County Civil Court.
In
Alexander Neblett: Original Petition Citation Issued
Case number 1166797 was filed in the Harris County Civil Court.
In
Kendra D. Clemons: Original Petition Citation Issued
Case number 1166794 was filed in the Harris County Civil Court.
In
Jarrod C. Bullard Sr: Original Petition Citation Issued
Case number 1166791 was filed in the Harris County Civil Court.
In
Frank Gutierrez: Original Petition Citation Issued
Case number 1166790 was filed in the Harris County Civil Court. ....

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Strength Through the Storms and Through the Years - Demotech Rated Carriers

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COLUMBUS, Ohio, March 12, 2021 /PRNewswire/ Given the impact of the extraordinary number of natural disasters in 2017, Demotech published a special issue of The Demotech Difference to discuss the impact of disasters on the industry. Strength Through the Storm focused on promises made and promises kept, featuring the resiliency of Demotech rated carriers. An electronic copy is at: www.demotech.com/pdfs/demotech difference/flexpaper/Strength Through The Storm/index.html.
As bad as 2017 was, the natural disasters that property insurers faced in 2018, 2019, and 2020 made 2017 look like a walk in the park. The six more infamous events of 2018 were the Montecito mudslides, Camp Fire and Woolsey Fire in California, Hurricane Florence, Hurricane Michael, and the flooding in Ellicott City, Maryland. ....

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HCI Group to Acquire Insurance Business in Four Northeast States from United Insurance Holdings Corp.

HCI Group to Acquire Insurance Business in Four Northeast States from United Insurance Holdings Corp.
TAMPA, Fla., Dec. 17, 2020
(NYSE: HCI), an InsurTech company with operations in insurance, software development and real estate, and
United Insurance Holding Corp. (NASDAQ: UIHC) have reached an agreement in principle for United’s primary insurance subsidiary, United Property & Casualty Insurance Company, to transfer all its personal lines insurance business in the states of Connecticut, New Jersey, Massachusetts and Rhode Island to HCI. The business to be transferred represents approximately $130 million of annual premiums. HCI’s insurance operations are primarily in Florida. However, it recently announced plans to expand nationwide. ....

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United Insurance Holdings Corp. Announces Transfer of Business in Northeast to HCI Group, Inc. - Press Release

United Insurance Holdings Corp. Announces Transfer of Business in Northeast to HCI Group, Inc.
ST. PETERSBURG, Fla. (Business Wire)
United Insurance Holdings Corp. (NASDAQ: UIHC), a property and casualty insurance holding company
(“UPC”) and HCI Group, Inc. (
NYSE: HCI), an InsurTech company with operations in insurance, software development and real estate
(“HCI”), have reached an agreement in principle to transfer UPC’s personal lines business in four Northeast states of Connecticut, New Jersey, Massachusetts, and Rhode Island to HCI. UPC, and its wholly owned subsidiaries, United Property & Casualty Insurance Company (“UPCIC”) and Interboro Insurance Company, will continue writing policies and servicing policyholders in New York. The transaction will better enable UPC to focus on growing its specialty commercial property business and improve its statutory risk based capital position by reducing operating leverage. ....

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