United Insurance to take $30mn reserve charge, $24mn in Q1 cat losses
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

United Insurance to take $30mn reserve charge, $24mn in Q1 cat losses

James Thaler
18 April 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
United Insurance Holdings logo florida.jpg

Florida-based United Insurance Holdings said on Friday that its first quarter earnings would be impacted by a $30mn prior-year reserve charge and $24mn in catastrophe claims.

The carrier attributed the higher prior-year loss estimate to a “significant increase” in litigated claims for Florida homeowners business in the quarter, compared with earlier periods.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsFloridaResults
JT
James Thaler
Gift this article