3:53PM Universal Insurance subsidiary UPCIC receives premium rate increases for its Florida homeowners and dwelling fire programs (UVE) 4.45 -0.02 : Co announced that on January 7, 2013, Universal Property & Casualty Insurance Company (UPCIC), a wholly-owned subsidiary, received approval from the Florida Office of Insurance Regulation (OIR) of a rate increase for its homeowners insurance program within the State of Florida. The rate increase will result in an average premium increase of approximately 14.1 percent statewide across all forms. Effective dates for the rate increase are January 18, 2013, for new business and March 9, 2013, for renewal business.