Brief: United Insurance - Estimated Current Year Catastrophe Losses Incurred In Q1 Of About $24 Million Before Income Taxes Net Of Expected Reinsurance Recoveries
16/04/2021 21:10
April 16 (Reuters) - United Insurance Holdings Corp
UIHC.O :
* UNITED INSURANCE - ESTIMATED CURRENT YEAR CATASTROPHE
LOSSES
INCURRED IN Q1 OF ABOUT $24 MILLION BEFORE INCOME TAXES NET OF
EXPECTED REINSURANCE RECOVERIES
* UNITED INSURANCE - EXPERIENCED SIGNIFICANT INCREASE IN
LITIGATED
CLAIMS VOLUME FROM FLORIDA HOMEOWNERS' DURING Q1 COMPARED TO
PRIOR PERIODS
* UNITED INSURANCE - INTENDS TO STRENGTHEN RESERVES FOR
UNPAID
LOSS & LOSS ADJUSTMENT EXPENSES ON PRIOR ACCIDENT YRS BY $30
MILLION FOR QUARTER ENDING MARCH 31, 2021
Source text for Eikon: ID:nBwb29v38a
Further company coverage: UIHC.O
((Reuters.Briefs@thomsonreuters.com;))
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