United Insurance Holdings, a property and casualty insurance holding company, has obtained approval from Rhode Island Department of Business Regulation, to write property and casualty insurance in the state as an admitted carrier.
This brings the total number of states in the US covered by UPC to four, along with Florida, Massachusetts and South Carolina.
United’s CEO Don Cronin said by adding three additional east coast states over the past 13 months, they have significantly diversified their policy base into areas where their products and service fit the needs of homeowners, a process that continues to be their primary focus.
"The company will continue its expansion program. Its UPC subsidiary is in varying stages of discussion with other state insurance regulatory authorities regarding its desire to write property insurance in other states,"Cronin said.
Founded in 1999, United Property and Casualty Insurance Company, a subsidiary of United Insurance Holdings, writes and services homeowners insurance in Florida and South Carolina and is licensed to write property and casualty insurance in Massachusetts and Rhode Island.