Market moves: United Insurance Holdings stock crashes 46%
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Market moves: United Insurance Holdings stock crashes 46%

Farhin Lilywala
February 13, 2023
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United Insurance Holdings’ stock dropped 46% today to $1.10 per share after the company hiked its gross losses from Hurricane Ian to $1.54bn from a preliminary estimate of $1bn.

The company also said it had fully exhausted its personal lines reinsurance cover on the event, rendering its personal lines carrier insolvent.

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NewsMajor lossesStocksAmerican Coastal
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Farhin Lilywala
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