St. Pete insurer previews Q1 losses
April 20, 2021 - United Insurance Holdings, a St. Petersburg-based property and casualty insurance firm, is out with an estimate of losses from winter storm Uri and other catastrophic events. United Insurance (Nasdaq: UIHC) said in a news release that expects $24 million in catastrophic losses before income taxes, or $19 million after tax, for the first three months of 2021. The company, which does business as UPC Insurance, said it also experienced a "significant" increase in litigated claims volume in Q1 2021 and as a result it intends to strengthen its reserves by $30 million.