UPC to quit personal lines in Florida, Texas, Louisiana and New York
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement



Cookies Settings

UPC to quit personal lines in Florida, Texas, Louisiana and New York

Liz Bury
25 August 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
upc-insurance-logo-pic.jpg

United Property & Casualty Insurance (UPC) has signalled it will pull out of personal lines in Florida, Texas, Louisiana and New York, owing to “significant uncertainty around the future availability of reinsurance” after it was downgraded earlier this month.

Demotech downgraded UPC’s financial stability rating by two notches to “M” from “A” on 1 August.

UPC said today it had been notified that Demotech was going to withdraw UPC’s rating altogether.

Meanwhile,

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

NewsFloridaUPC Insurance
Headshot template (new) (1).png
Liz Bury
Editor
Contact
Gift this article