EPA Recognizes Universal Insurance Holdings, Inc. For Leading Green Power Use
November 29 2021 - 9:15AM
Business Wire
Universal Insurance Holdings (NYSE: UVE) (the “Company”) today
announced today that they recently joined the U.S. Environmental
Protection Agency’s Green Power Partnership. Universal Insurance
Holdings, Inc. is using 652,000 kilowatt-hours (kWh) of green power
annually, which is enough green power to meet 25 percent of the
organization's electricity use. By choosing green power, Universal
Insurance Holdings, Inc. is helping advance the voluntary market
for green power and development of those sources.
“This is a great honor, and we are proud to be recognized by the
U.S. Environmental Protection Agency,” said Stephen Donaghy, Chief
Executive Officer. “Using green power helps our organization reduce
air pollution and lower our emissions footprint, while also sending
a message to others across the country that green power is an
affordable, accessible choice.”
By moving the needle in the voluntary green power market,
Universal Insurance Holdings, Inc. and other Green Power Partners
are helping to reduce the negative health impacts of air emissions
including those related to ozone, fine particles, acid rain, and
regional haze.
"EPA applauds Universal Insurance Holdings, Inc. for its
leadership position in the green power marketplace," said James
Critchfield, Program Manager of EPA's Green Power Partnership.
"Universal Insurance Holdings, Inc. is an excellent example for
other organizations in reducing greenhouse gas emissions through
green power investment and use."
According to the U.S. EPA, Universal Insurance Holdings, Inc.’s
green power use is equivalent to 1,161,251 miles driven by an
average passenger vehicle or 510,708 pounds of coal burned.
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
19 states (primarily Florida). Learn more at
UniversalInsuranceHoldings.com.
About EPA’s Green Power Partnership
The Green Power Partnership is a voluntary program that helps
increase green power use among U.S. organizations to advance the
American market for green power and development of those sources as
a way to reduce air pollution and other environmental impacts
associated with electricity use. In 2020, the Partnership had more
than 700 Partners voluntarily using nearly 70 billion
kilowatt-hours of green power annually. Partners include a wide
variety of leading organizations such as Fortune 500® companies;
small and medium sized businesses; local, state, and federal
governments; and colleges and universities. For additional
information, please visit www.epa.gov/greenpower.
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version on businesswire.com: https://www.businesswire.com/news/home/20211129005141/en/
Investor Relations Contact: Rob Luther, 954-892-6487 VP,
Corporate Development, Strategy & IR
rluther@universalproperty.com
Media Relations Contact: Andy Brimmer / Mahmoud Siddig,
212-355-4449 Joele Frank, Wilkinson Brimmer Katcher
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