Insurance company liquidation will leave thousands without coverage

Hawaii Health insurance company

Many Hawaii residents will lose their health plans following the liquidation order of a local provider. A court order has now sent a Hawaii insurance company called Family Health Hawaii (FHH) into liquidation which means that thousands of people who’d had plans through that provider will be losing their coverage. The court order was signed by First Circuit Court Judge Karen Nakasone, authorizing Insurance Commissioner Gordon to take over. Commissioner Gordon will be taking both control and possession over the insurance company and its assets, becoming the liquidator. He will…

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UPCIC writes its first Georgia homeowners insurance policies

Universal Insurance Holdings, Inc., has announced that its Universal Property and Casualty Insurance Company (UPCIC) subsidiary has now written its first Georgia homeowners’ insurance policies for an official start within that state. Chief operating officer of the vertically integrated insurance holding company, Sean Downes, said that the entrance of UPCIC into the homeowners’ marketplace in Georgia “marks the fifth state where UPCIC conducts business and continues our expansion beyond Florida.” He added that the insurer is anticipates a strong expansion of its network of agents within that state, as well…

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