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United Insurance Holdings Corp. Previews Q1-2021 Estimated Catastrophe Losses and Reserve Charge From Surge in Florida Homeowners Litigation

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--United Insurance Holdings Corp. (NASDAQ: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, today announced estimated current year catastrophe losses incurred during the first quarter ending March 31, 2021 of approximately $24 million before income taxes (approximately $19 million after tax), net of expected reinsurance recoveries. The Company’s first quarter catastrophe losses included claims from Winter Storm Uri, seven additional PCS catastrophe events and two non-PCS catastrophe events.