Universal Insurance Holdings (NYSE:UVE) Second Quarter 2024 Results Key Financial Results Revenue: US$380.2m (up 12% from 2Q 2023). Net income: US$35.4m (up 24% from 2Q 2023). Profit margin: 9.3% (up from 8.4% in 2Q 2023). The increase in margin was driven by higher revenue. EPS: US$1.23 (up from US$0.94 in 2Q 2023). earnings-and-revenue-growth All figures
Condo Collapse: How widspread is the issue with Florida’s condominiums? In this excerpt from Florida Pulse, panelists discuss the severity of condominium deterioration across the state and who might be at risk Rob Landers, Palm Beach Post Allstate’s Florida subsidiaries are dropping 33,000 policies. The nonrenewals are coming at a particularly fraught time for condo
We recently compiled a list of the 10 Best Health Insurance Stocks to Buy. In this article, we are going to take a look at where UnitedHealth Group Incorporated (NYSE:UNH) stands against the other health insurance stocks. The Healthcare Market: What does the future hold? 2023 posed significant challenges for the healthcare sector as investors
We recently compiled a list of the 10 Best Health Insurance Stocks to Buy. In this article, we are going to take a look at where Elevance Health, Inc. (NYSE:ELV) stands against the other health insurance stocks. The Healthcare Market: What does the future hold? 2023 posed significant challenges for the healthcare sector as investors
Over the last year, some New Mexico churches have found themselves without insurance. After a large claim or if a church’s location is thought too risky, insurance companies have been canceling or raising the deductible or premium so high that the church can no longer afford it. In response, churches have had to look elsewhere
Oklahoma home insurance rates keep rising, and it’s not just because of the extreme weather we’ve had in the state. Numbers from Bankrate show Oklahoma is ranked in the top states with the highest home insurance costs. An insurance expert said Oklahoma’s numbers have always been high due to our extreme weather, but other factors
LIVONIA, Mich. (WXYZ) — It’s been nearly two months since a tornado hit Livonia but repair work is still underway. Friday, several tree companies were in the neighborhood near I-96 and Newburgh working to grind down stumps and repair roofing. The storm hit back on June 5 bringing down countless trees, taking out power, and
Cowbell Cyber Inc., a startup that insures businesses against cyberattack-related losses, has raised $60 million in a Series C funding. The company announced the investment today. It disclosed that the capital was provided by Zurich Insurance Group Ltd., one of the world’s largest insurers. The cash infusion brings Cowbell’s total outside funding to $202 million.
California plans to extend its last-resort insurance program to cover higher-value properties in areas prone to wildfire, adding new potential liabilities for the already stressed plan. The FAIR plan, which provides coverage to customers who can’t find it elsewhere, will raise limits for commercial properties such as condominiums, the California Department of Insurance said Friday
One of this year’s Emerging 8 honorees rolled out a tool designed to save more than 30 minutes per transaction at a dealership. CheckMy Driver, built by Modives, is geared to help dealers who typically must spend 30 minutes or more verifying insurance and ID during each delivery, what company executives acknowledged as “wasting time