Corporate Overview
United Insurance Holdings Corp.® (UIHC) serves as the
holding company for United Property & Casualty Insurance Company and its affiliated companies.
Collectively, including United Insurance Holdings Corp., we refer to these entities as "UPC
Insurance," which is the preferred brand identification we are establishing for our company. UPC
Insurance is primarily engaged in the homeowners property and casualty insurance business in the
United States.
We currently write policies in
Connecticut,
Florida,
Georgia,
Hawaii,
Louisiana,
Massachusetts,
New Jersey,
New York,
North Carolina,
Rhode Island,
South Carolina, and
Texas.
We are also licensed in Alabama, Delaware, Maryland, Mississippi, New Hampshire, and Virginia. UPC plans to
expand into additional states throughout the country. Our target market currently consists of areas
where the perceived threat of natural catastrophe has caused large national insurance carriers to
reduce their concentration of policies. In such areas, we believe an opportunity exists for UPC
Insurance to write profitable business. We manage our risk of catastrophic loss primarily through
sophisticated pricing algorithms, avoidance of policy concentration, and the use of a comprehensive
catastrophe reinsurance program.
UPC Insurance has been operating in Florida since 1999, and has successfully managed its business
through various hurricane and tropical storm events. This includes paying out over $500 million in
claims to our policyholders as a result of the eight hurricanes that affected Florida in 2004 and
2005. We believe our record of successful risk management and experience in writing business in
catastrophe-exposed areas provides us a competitive advantage as we grow our business in other
states facing similar perceived threats. In all the jurisdictions in which we operate, we commit
ourselves to providing the highest possible level of service to our insurance agents and our
policyholders.
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