"UPC was the centerpiece of a larger insurance company, United Insurance Holdings Corp. The company has seen its stock price, which had declined dramatically in the wake of UPC’s struggles, bounce back more than 1,000 percent since December — adding more than $200 million in value. The company, which has since rebranded, has been touting its new, more lucrative future to prospective investors, saying it’s much stronger for getting out of the home insurance business."
Discussion
"Despite lawmakers passing a wave of pro-industry reforms last year that they touted would stabilize the industry, two national carriers have pulled back coverage or dropped customers within recent weeks."