Florida market will 'remain hard for the foreseeable future': UPC CEO
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Florida market will 'remain hard for the foreseeable future': UPC CEO

Farhin Lilywala
09 August 2022
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United Insurance Holdings CEO Dan Peed expects that the Florida homeowners' sector will continue to grapple with a hard market driven by "a skeptical and hard capital and reinsurance market" along with "elevated catastrophe activity" and "excessive litigation levels."

On a call with analysts, the CEO said: "We continue to experience inflation and excessive litigation levels in Florida causing significantly increased severity in current and prior accident years."

Peed

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Farhin Lilywala
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