UPC Insurance takes a hit from six storms
September 23, 2020 - United Insurance Holdings expects to report $135 million in catastrophe losses before income taxes in the third quarter of 2020. After taxes, the losses will be about $107 million, the company said in a news release. The expected losses are net of expected reinsurance recoveries. Q3 catastrophe losses include claims from six named windstorms and other non-named windstorm catastrophe events. The named windstorms are: Tropical Storm Fay, Hurricane Hanna, Hurricane Isaias, Hurricane Laura, Hurricane Marco, and Hurricane Sally. United Insurance (Nasdaq: UIHC) is a St. Petersburg-based property and casualty insurance firm that does business as UPC Insurance.