Some welcome good news from a pair of Florida property insurers after Hurricane Ian
TALLAHASSEE — Two Florida property-insurance companies this week offered assurances about their financial health as they deal with thousands of claims from Hurricane Ian.
The parent companies of Universal Property and Casualty Insurance Co. and Homeowners Choice Property and Casualty Insurance Co. issued written and video statements as Florida’s troubled insurance industry faces widespread questions about its ability to pay claims after the Category 4 storm.
The chief executives of Universal Holdings, Inc., and HCI Group, Inc., the parent companies of Universal and Homeowners Choice, respectively, pointed to reinsurance — essentially backup coverage — that they had purchased earlier in the y...
