Founded in 1999, UIHC is an insurance holding company that sources, writes, and services residential property and casualty insurance policies using a network of independent agents and a group of wholly owned insurance subsidiaries. UPC Insurance, the primary operating subsidiary of UIHC, writes and services property and casualty insurance in Florida, South Carolina, Massachusetts, Rhode Island, North Carolina, was recently licensed in New Jersey. From its headquarters in St. Petersburg, UPC Insurance’s team of dedicated professionals manages a completely integrated insurance company, including sales, underwriting, customer service, and claims.
At UPC we believe that innovation and outstanding customer service drive our business. Our team of talented and committed employees creates value for our customers and shareholders. The company currently offers both homeowner’s and dwelling fire products. In addition to these products, UPC is also a Write Your Own Flood Carrier.
UPC Insurance designs its reinsurance program to adequately cover both severe and frequent events. This reinsurance program provides protection to at least the 100-year event as well as sideways protection to mitigate the risk of surplus erosion in multiple storms. This coverage is provided by the Florida Hurricane Catastrophe Fund as well as private reinsurance partners rated “A-” or better by A.M. Best. UPC is rated “A” Exceptional (Financial Stability Rating® (FSR)) by Demotech, Inc., a financial analysis and actuarial consulting firm. FSRs are accepted by several government-sponsored enterprises, including Fannie Mae, Freddie Mac, and various programs of the United States Department of Housing and Urban Development (HUD).