United Property & Casualty Enters Insolvency: What Does This Mean for Your Claim?

United Property & Casualty’s recent insolvency has left many policyholders and claimants wondering how it will impact them. If you have an open claim with United Property & Casualty or were insured with them, here is what you need to know.

What Happens When a Carrier Goes Insolvent?

Liquidation, similar to bankruptcy, is the process that follows when a company becomes insolvent. In this case, the Liquidator, also known as the Receiver, will collect the assets of United Property & Casualty and verify liabilities, such as claim payments and bills. The Liquidator will then develop a plan to distribute the assets according to the law, which will be submitted to the Court for approval. However, it’s important to note that most estates do not yield sufficient funds to pay claims in full, which is where FIGA and other state guaranty associations come in to cover certain claims.

FIGA Takes Over UPC Policies and Claims

FIGA will take over managing United Property & Casualty policies and claims, but not all policies and claims that occur after February 1st, 2023, will be managed by FIGA during this initial stage. Slide Insurance, a recent Tampa-based startup, has acquired many UPC policies and will cover them under the current terms until they renew. Policyholders will have the opportunity to renew with Slide. If your policy was acquired by Slide, look out for a letter in the mail and find more information here: https://www.slideinsurance.com/upc

What Happens to Existing Claims?

FIGA will handle all existing claims where loss occurred prior to February 1st, 2023, as well as any new claims on policies not acquired by Slide Insurance. Due to the work necessary to transfer and review all the open files, this process takes time. Based on past carrier insolvencies, expect this to take a minimum of 2-3 months, and potentially longer until they process and assign a desk adjuster to all claims. View your claim as paused for now, but take advantage of this time to prepare your claim for success with a public adjuster.

Why Hire a Public Adjuster?

If you are not yet represented by a public adjuster or attorney, now is the time to hire a public adjuster to put your claim together for success. A public adjuster will perform a thorough valuation of your claim, gather proper documentation, prepare a proper estimate, and have your claim ready to go. By utilizing a Public Adjuster, as soon as FIGA assigns a desk adjuster to your claim, the process can begin smoothly to resolve your claim properly. While some firms may be hesitant to take on claims due to the different claim handling procedures with FIGA claims, at Panther Public Adjusting, we have handled many FIGA claims over the years and are here to help you. Give us a call today at 833-PANTHER for your free claim assessment.


If you have an open claim or were insured with United Property & Casualty, it’s essential to know what to expect now that they are in insolvency. Contact Panther Public Adjusting at 833-PANTHER (833-726-8437) or fill out our contact form for a free claim assessment and to help prepare your claim for success.

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