Reinsurance News

Universal announces homeowners insurance in Iowa

3rd November 2020 - Author: Katie Baker

Florida headquartered and expansive primary insurance carrier Universal Insurance Holdings, has announced that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (Universal Property), has written multiple policies in Iowa since the end of Q3 2020.

universal-insurance-holdings-logoThis will mark the 19th state where consumers can purchase a Universal Property policy through independent agents or directly shop their policy on Clovered.com.

This news comes after the insurer announced its Q3 results which showed that they made a loss of $3.8 million for the third-quarter of 2020, whilst announcing a combined ratio of 134.7%

Stephen J. Donaghy, Chief Executive Officer at Universal Insurance Holdings, commented: “We continue to make inroads across the country creating long-standing relationships with consumers and independent agents. We look forward to continuing to expand our addressable market and diversify our book of business.”

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