Universal Property & Casualty Insurance Company, the target of the investigation, maintains they followed accepted practices and that the allegations of fraudulent claims were never proven.

Florida Attorney General James Uthmeier has successfully secured the return of tens of millions of dollars from Universal Property & Casualty Insurance Company (UPCIC) to the Florida Hurricane Catastrophe Fund (FHCF).

We are pleased the review has come to a close and the state dismissed the case,” Universal CEO Stephen Donaghy said in a statement.