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

James Thaler
April 16, 2021
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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.

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