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 primarily write policies in Florida, Louisiana, Texas and New York. We also write policies in
Georgia, North Carolina and South Carolina, where renewal rights have been sold and all premiums and
losses are ceded. We are also licensed in Alabama, Delaware, Maryland, Mississippi, New Hampshire,
Virginia, Massachusetts, Rhode Island, Connecticut, New Jersey and Hawaii; however, we have not
commenced writing in these states. 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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