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

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

James Thaler
April 16, 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

NewsResultsFloridaAmerican CoastalEarnings
JT
James Thaler
Gift this article