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UPC Insurance slips into the red in Q2

United Insurance Holdings Corp. (Nasdaq: UIHC), a property and casualty insurer in St. Petersburg, reported a net loss of $2.9 million, or 7 cents a share, on revenue of $204.8 million in the second quarter of 2019. "This was a tough quarter for us, the first of my 29 quarters as CEO of UPC that we posted a loss without any hurricane activity," John Forney, president and CEO, said in a conference call with analysts. He said recent and pending rate increases and other initiatives should help the company get back on track.

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