Few carriers write more Florida homeowners business than Universal Property & Casualty, which accounts for roughly a tenth of the state’s personal residential market and serves more than 800,000 policyholders. Founded in 1997 and based in Fort Lauderdale, UPCIC is the primary operating subsidiary of publicly traded Universal Insurance Holdings and writes homeowners, condominium unit-owner, renters and landlord dwelling policies across roughly 18 states. The company handles adjusting through affiliate Alder Adjusting rather than outsourcing catastrophe claims, which shortens the chain when a storm hits. UPCIC carries no AM Best rating; its financial strength is rated A (Exceptional) by Demotech and A- by KBRA.
