FORT LAUDERDALE, Fla.,
March 20, 2019 /PRNewswire/ --
Universal Insurance Holdings, Inc. (NYSE: UVE) announced today that
its wholly-owned subsidiary, Universal Property & Casualty
Insurance Company (Universal Property), has written its first
homeowners policy in Illinois.
This marks the 18th state where consumers can purchase a Universal
Property policy through independent agents or directly through the
Universal Property online distribution channel Universal
DirectSM.
"We are thrilled to have written our first policy in
Illinois, and look forward to
creating long standing relationships and serving consumers and
independent agents in the state. 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 Operating
Officer Stephen J. Donaghy.
Learn more about purchasing a Universal Property policy online
at UniversalProperty.com and UniversalDirect.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
UniversalInsuranceHoldings.com.
Forward-Looking Statements
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.
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. 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 the Company's Annual
Report on Form 10-K filed for the fiscal year ended December 31, 2018.
Investor Relations Contact:
Rob Luther, 954-958-1200 Ext. 6750
VP, Corporate Development, Strategy & IR
rluther@universalproperty.com
Media Relations Contact:
Andy
Brimmer / Mahmoud Siddig,
212-355-4449
Joele Frank, Wilkinson Brimmer
Katcher
View original
content:http://www.prnewswire.com/news-releases/universal-insurance-holdings-inc-subsidiary-universal-property-writes-first-homeowners-insurance-policy-in-illinois-300815967.html
SOURCE Universal Insurance Holdings, Inc.