United Insurance Holdings insures homeowners in the Sunshine State throughout the seasons, even hurricane season. The company underwrites flood, fire, and homeowners insurance policies in Florida, and provides property insurance for automotive service companies. It distributes its products through independent agents. United Insurance was founded in 1999, then underwent a reverse merger in 2008 when it bought the OTC-listed FMG Acquisition Corp. for $95 million ($25 million in cash and 8.75 million shares of stock.) The newly merged company has listed on the NASDAQ exchange.