New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 9, 2012
12:04 EDTUIHCUnited Insurance unit approved to write property and casualty insurance in NC
United Insurance Holdings announced that the North Carolina Department of Insurance approved United Property & Casualty Insurance Company, UPC, one of its wholly-owned subsidiaries, to write property and casualty insurance in the state as an admitted carrier. This brings the total number of states in the U.S. covered by UPC to five, along with Florida, South Carolina, Massachusetts, and Rhode Island. United Property & Casualty Insurance Company expects to continue its expansion program and is in varying stages of discussion with other state insurance regulatory authorities regarding its desire to write property insurance in other states.
News For UIHC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 15, 2014
09:07 EDTUIHCUnited Insurance to acquire Family Security Holdings for $9M
United Insurance Holdings has entered into an Agreement and Plan of Merger with Family Security Holdings, LLC. Under the terms of the agreement, which is subject to FSH shareholder approval, UPC Insurance will acquire all of the issued and outstanding shares, units and other ownership rights of FSH for $9M. The merger consideration will be paid 100% in shares of the company’s common stock, with the number of shares issued to be determined by the average closing price of the company’s stock in the 180-days immediately prior to closing. In addition to the merger consideration, UPC Insurance agreed to pay FSH contingent consideration of 3% of all gross premiums written on the renewal of FSIC policies in-force as of the closing during the subsequent twelve month period following the closing of the transaction. The contingent consideration will be paid in the form of additional shares of the company’s stock issued in a manner similar to the merger consideration within approximately 30 days following the twelve month anniversary of the closing. The shares underlying both the merger consideration and the contingent consideration will be subject to a one-year lock-up from the time they are issued.
December 10, 2014
10:00 EDTUIHCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:39 EDTUIHCUnited Insurance downgraded to Market Perform from Outperform at Keefe Bruyette
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use