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MIAMI -- Universal Property and Casualty Insurance Company ("UPCIC"), the Florida-based homeowners insurance subsidiary of Universal Insurance Holdings ("UIH") (OTCBB:UVIH), continues to accept new and renewal policies following the four recent Florida hurricanes.
OTCBB:UVIH) (Company) today announced that it has received from escrow bonus payments of $1,746,100 related to its wholly-owned subsidiary Universal Property and Casualty Insurance Company ("UPCIC").
Since the formation of the Company's wholly owned subsidiary Universal Property and Casualty Insurance Company in 1997, the Company has developed into a vertically integrated insurance holding company performing substantially all aspects of insurance underwriting, distribution and claims," said the Company's President Bradley I.