Universal Insurance Holdings, Inc. Subsidiary Universal Property Receives Certificate of Authority in Tennessee
Universal Insurance Holdings, Inc. (NYSE: UVE) announced today
that its wholly-owned subsidiary, Universal Property & Casualty
Insurance Company (Universal Property), has received a Certificate
of Authority in Tennessee, approving Universal Property as a
licensed insurance entity in Tennessee.
"We are pleased to announce our planned expansion into
Tennessee, which represents our 19th licensed state where we will
be doing business. We continue to execute on our strategic
priorities, expand our addressable market and diversify our book of
business to strengthen our foundation for the future," said
Universal Insurance Holdings, Inc. Chief Executive Officer Stephen
Learn more about purchasing a Universal Property policy online
at UniversalProperty.com or shop your policy at Clovered.com.
About Universal Insurance Holdings, Inc.
Universal Insurance Holdings (UVE) is a holding company offering
property and casualty insurance and value-added insurance services.
We develop, market, and write insurance products for consumers
predominantly in the personal residential homeowners lines of
business and perform substantially all other insurance-related
services for our primary insurance entities, including risk
management, claims management and distribution. We sell insurance
products through both our appointed independent agents and through
our direct online distribution channels in the United States across
18 states (primarily Florida). Learn more at
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,” “will,”
“plan,” 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,
including those risks and uncertainties described under the heading
“Risk Factors” in the Company’s Annual Report on Form 10-K and in
the Company’s Quarterly Report on Form 10-Q for the quarter ended
March 31, 2020, as well as in our other filings with the SEC.
Future results could differ materially from those described, and
the Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
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