Universal Insurance Holdings Inc (UVE)

[flemsnopes]

Thanks for the information! I am delighted to hear from someone who has already invested in the company. I think I understand the risks associated with insuring property and casualty in a hurricane prone area, but I am guessing UVIH has a plan to make money and the trick for investors is to determine just how sound that plan is. I was attracted to this company because they seem to be somewhat successful at what they are doing at a time when some of the bigger companies may be wanting out. Am I correct that the Florida Residential Property and Casualty Joint Underwriting Association ("JUA") is the state agency that assumes the policies of failed insurers? If IVIH can take the premiums and minimize the risk with good underwriting practices and reinsurance then they should be able to make money and grow at the same time. Of course, the very idea of insuring property and casualty in Florida is a scary prospect for investors, but isn't that the very reason that the share price is at .62 instead of 2.00? I mean it is risky, but if it wasn't we wouldn't be talking about getting in at such a low pe. As for an entry point, I think I will wait for something under .50 since there was a very recent run up and the trading volume is relatively low.