FORT LAUDERDALE, Fla.,
Sept. 26, 2016 /PRNewswire/ --
Universal Insurance Holdings, Inc. (NYSE: UVE) announced
today that Universal DirectSM (www.universaldirect.com),
its Direct-to-Consumer online platform for Universal Property &
Casualty Insurance Company ("UPCIC") products, is now available to
homeowners in Florida,
Hawaii and North Carolina. With these additions,
Universal DirectSM is now available in ten states,
including Delaware, Georgia, Indiana, South
Carolina, Pennsylvania,
Minnesota and Alabama.
"The expansion of Universal DirectSM into these new
markets is a testament to the positive feedback we continue to
receive from consumers for this unique online platform," said
Sean P. Downes, the Company's
Chairman and Chief Executive Officer. "As we continue to roll out
Universal DirectSM to new markets, our uncompromising
focus on providing customers with high quality service through our
vertically-integrated business model remains a top priority. We are
pleased with the success of Universal DirectSM to date
and will continue to invest in the platform to meet the rising
demand from our customers for convenient and flexible insurance
solutions."
The Company has written its first policies through Universal
DirectSM in Florida,
Hawaii and North Carolina. Independent appointed agents
operating in Florida, Hawaii and North
Carolina have the opportunity to receive commissions from
policies written by UPCIC via Universal DirectSM.
For additional information about Universal DirectSM,
please visit www.universaldirect.com.
About Universal Insurance Holdings, Inc.
Universal
Insurance Holdings, Inc., with its wholly-owned subsidiaries, is a
vertically integrated insurance company performing all aspects of
insurance underwriting, distribution and claims. Universal Property
& Casualty Insurance Company (UPCIC), a wholly-owned subsidiary
of the Company, is one of the leading writers of homeowners
insurance in Florida and is now
fully licensed and has commenced operations in North Carolina, South Carolina, Hawaii, Georgia, Massachusetts, Maryland, Delaware, Indiana, Pennsylvania, Minnesota, Michigan and Alabama. For additional information on the
Company, please visit our investor relations website at
www.universalinsuranceholdings.com.
Forward-Looking Statements and Risk Factors
This press
release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. The words
"believe," "expect," "anticipate," and similar expressions identify
forward-looking statements, which speak only as of the date the
statement was made. Such statements may include commentary on
plans, products and lines of business, marketing arrangements,
reinsurance programs and other business developments and
assumptions relating to the foregoing. Forward-looking statements
are inherently subject to risks and uncertainties, some of which
cannot be predicted or quantified. Future results could differ
materially from those described, and the Company undertakes no
obligation to correct or update any forward-looking statements. For
further information regarding risk factors that could affect the
Company's operations and future results, refer to the Company's
reports filed with the Securities and Exchange Commission,
including Form 10-K for the year ended December 31, 2015.
Investor Contact:
Andy
Brimmer / Mahmoud Siddig
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
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SOURCE Universal Insurance Holdings, Inc.