Although Louisiana enacted a $45 million insurance incentive program, which is bringing several companies into the state in the coming months, the Louisiana Department of Insurance reported there will be a short period of time between the UPC cancellations and when new companies start writing business. (Credit: Gerald Herbert) Although Louisiana enacted a $45 million insurance incentive program, which is bringing several companies into the state in the coming months, the Louisiana Department of Insurance reported there will be a short period of time between the UPC cancellations and when new companies start writing business. (Credit: Gerald Herbert)

With Florida-based United Property & Casualty Insurance Company declaring insolvency and entering receivership, home insurance policies across the country are in limbo.

Around 200,000 UPC policies will not be renewed as the company continues the runoff process, including some 30,000 in Louisiana, according to the state's insurance department.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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