Is universal direct a good insurance company?

Is universal direct a good insurance company?

Universal Direct is backed by Universal Property & Casualty Insurance Company (UPCIC), a vertically integrated insurance company performing all aspects of insurance underwriting, distribution and claims. UPCIC is A+ Rated with BBB and has earned a Financial Stability Rating of A, Exceptional, from Demotech, Inc.

Is universal insurance leaving Florida?

Since February, four insurance companies have asked Florida officials to let them cancel or not renew customer policies, including Universal Insurance Company of North America, Southern Fidelity Insurance Company, and Gulfstream Property and Casualty Insurance Company. Jul 20, 2021

Is Universal Property and Casualty pulling out of Florida?

In its filing to the Florida Office of Insurance Regulation dated May 6, Universal states it is canceling 13,294 policies out of its total 57,000 Florida policies due to yearly losses of $4.1 million in 2019 and $22.5 million in 2020. The company also insures homes in 12 other states. May 25, 2021