Market moves: United Insurance Holdings stock crashes 46%
  • 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

Market moves: United Insurance Holdings stock crashes 46%

Farhin Lilywala
February 13, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
NYSE and Nasdaq stock graph.jpg

United Insurance Holdings’ stock dropped 46% today to $1.10 per share after the company hiked its gross losses from Hurricane Ian to $1.54bn from a preliminary estimate of $1bn.

The company also said it had fully exhausted its personal lines reinsurance cover on the event, rendering its personal lines carrier insolvent.

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

NewsStocksAmerican CoastalClaims and losses
farhin lilywala/farhin lilywala ii us.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article