6 July 2020News

United Insurance Holdings announces a $30m cat loss in Q2

United Insurance Holdings Corp, the property and casualty insurance holding company, has announced an estimated $30 million pre tax loss for Q2 2020.

The loss, which was approximately $23 million after tax, was net of expected reinsurance recoveries. It includes claims from 15 new catastrophe events assigned serial numbers by Property Claims Services (PCS), and three new named tropical windstorms.