Category: Public Adjusters
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UPCIC to Pay $30M for Fraudulent Hurricane Claims in Florida
A Florida insurance company, Universal Property & Casualty Insurance Company (UPCIC), has agreed to pay over $30 million to the state’s hurricane fund after allegations that it submitted numerous fraudulent claims for reimbursement. According to the Attorney General’s office, UPCIC violated the Florida False Claims Act. Attorney General James Uthmeier announced on Tuesday that UPCIC
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Unfinished State Report Exposes Insurers accounting tricks to conceal profits
Last month, The Times/Herald uncovered the previously unseen state report, which revealed that insurance companies channeled billions of dollars to affiliated companies while claiming to lose money between 2017 and 2019, when the state’s insurance crisis began.
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Florida Insurance Investigation: Hidden Profits and Rising Premiums
FedNat Insurance Company, finance, Florida Insurance Investigation, Florida Public Adjuster, Homeowners Insurance Claim, homeowners insurance company, insurance, news, Public Adjusters, Southern Fidelity Insurance Company, United Property & Casualty Insurance Co, Weston Property & Casualty Insurance CompanyAn investigation is currently underway in Florida to determine if insurance companies concealed profits while declaring bankruptcy. The issue has recently gained the attention of state lawmakers. The focus is whether homeowners faced steep premium increases due to some Florida insurance companies citing losses caused by hurricanes, while simultaneously engaging in practices that may have
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“The best advice they said they got was to hire a public adjuster to help them get the very best settlement with their insurance company.”
If your property suffered damage from a recent Storm, Fire or other Peril, you may feel overwhelmed by the claims process and could end up with a denied claim or a low-ball settlement offer. Claims Aid Consultants has your back, we will review your insurance policy, help with documenting your damages and completing any claim
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hurricane milton unleashes tornadoes on the treasure coast of florida
Instead of relying on the insurance company to decide how much you get to rebuild your house or business, hiring a good public adjuster can help you receive the best possible settlement.
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After UPC Insolvency, Parent Company Rebrands to American Coastal Insurance
Six months after its namesake insurance carrier was deemed insolvent, United Insurance Holdings is rebranding itself in the name of its surviving insurer, as American Coastal Insurance Corp. – Article by William Rabb, Insurance Journal The St. Petersburg, Florida-based holding company for now-defunct United Property & Casualty Insurance Co. announced it has changed its name and
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