Universal Insurance Holdings Inc. of Fort Lauderdale, Florida recently announced its newly attained authentication standing from New Jersey’s Department of Banking & Insurance, thus deeming its subsidiary UPCIC as a licensed insurance entity in that state.
UPCIC — or Universal Property & Casualty Insurance Co. — writes homeowners insurance policies nationwide and is now licensed to deliver its services in 17 different states.
“We are pleased to have received our first state regulatory approval of 2016, further extending our reach as a growing national homeowners insurance provider,” Chairman and CEO Sean Downes said. “We look forward to building our presence in New Jersey as we continue to successfully execute our geographic expansion effort.”
UPCIC is a wholly owned subsidiary of the firm and one of the State of Florida’s top three writers of homeowners insurance.
Universal Insurance Holdings Inc. maintains a network of close to 7,000 independent agents, deriving its strength through valuing personal interaction, offering superior services and focusing solely on homeowners insurance.
Universal Insurance Holdings Inc. is a vertically integrated company handling many facets of underwriting, distribution and claims. Another of its subsidiaries is American Platinum, which focuses on multi-peril insurance particular to Florida homes exceeding $1 million in value.