Universal Insurance Holdings Announces That UPCIC Received Premium Rate Increases for Its Florida Homeowners and Dwelling Fire Programs

Universal Insurance Holdings, Inc. UVE announced that its subsidiary, Universal Property & Casualty Insurance Company, received approval for premium rate increases for its homeowners and dwelling fire programs within the State of Florida. The premium rate increases, which will average approximately 14.9 percent statewide for its homeowners program and 8.8 percent statewide for its dwelling fire program, were approved by the Florida Office of Insurance Regulation. The effective dates for both of the premium rate increases are January 9, 2012 for new business and February 28, 2012 for renewal business.