United Property and Casualty Insurance Company (UPC), a homeowners insurer, has been approved by the Rhode Island Department of Business Regulation to write property and casualty insurance in the state as an admitted carrier.
UPC is a wholly-owned subsidiary of United Insurance Holdings Corp., a property and casualty insurance holding company.
This brings the total number of states in the U.S. covered by UPC to four, along with Florida, Massachusetts and South Carolina.
The UPC subsidiary is in varying stages of discussion with other state insurance regulatory authorities regarding its desire to write property insurance in those states.
Source: About United Insurance Holdings Corp.
Was this article valuable?
Here are more articles you may enjoy.
Warren Presses Insurance Watchdogs for Answers Amid Walter Probe 
Fayed Victims Seek Up to $230 Million From Harrods After Abuse 
The Nation’s Insurance Laboratory: What Liability Trends in California Mean for the Rest of the Country 
Microsoft Joins AI Firms Calling for Caution With Cutting-Edge Models 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.