Universal Insurance Holdings Grows Policies 7.9%, Calls Isaias Manageable

Universal Insurance Holdings said Hurricane Isaias claims appeared manageable as of its Oct. 23 call, while its policy count climbed 7.9% year over year to 953,611 at Sept. 30. Universal is a property and casualty insurer offering personal residential coverage, including homeowners policies. Its policy total compares with 883,888 a year earlier. Florida accounted for 598,104 policies, while other states represented 355,507. Direct premiums written totaled $608.9 million in the third quarter, up 2.7% from the year-earlier period. Florida premiums declined 3.3% to $414.4 million, while premiums in other states rose 18.5% to $194.5 million. On the Oct.

Source: TokenPost