UNITED STATES


                             Washington, D.C. 20549


                                   FORM 8-K/A

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

      Date of Report (Date of earliest event reported): September 30, 2002

                         Commission File Number 0-20848

                           (Exact name of registrant)

           Delaware                                    65-0231984
           --------                                    ----------
   (State of incorporation)                (I.R.S. Employer Identification No.)

                        2875 N.E. 191st Street, Suite 300
                              Miami, Florida 33180
              (Address of principal executive offices and zip code)

                                 (305) 792-4200
                         (Registrant's telephone number)



        On September 30, 2002, Deloitte & Touche LLP resigned as the independent
auditor for Universal Insurance Holdings,  Inc.  ("Company").  Effective October
28,  2002,  the Company  engaged  Blackman  Kallick  Bartelstein  LLP as its new
independent auditors.

         During the Company's  two most recent  fiscal years ended  December 31,
2001, and the subsequent  interim period through  September 30, 2002, there were
no disagreements  between the Company and Deloitte & Touche LLP on any matter of
accounting principles or practices,  financial statement disclosure, or auditing
scope or procedures, which disagreements, if not resolved to the satisfaction of
Deloitte & Touche LLP, would have caused Deloitte & Touche LLP to make reference
to the subject matter of the disagreements in connection with its report.

         In connection  with the audit of the Company's  consolidated  financial
statements for the year ended December 31, 2001,  Deloitte & Touche LLP informed
the Company that a material weakness under standards established by the American
Institute of Certified Public Accountants existed in the design and operation of
the Company's  internal  control  related to the processing of claims  payments,
including the  duplication  of drafts issued and the omission of drafts from the
accounting records.  This matter was discussed by Deloitte & Touche LLP with the
Company's Audit Committee.  The details of this matter are described in Deloitte
& Touche  LLP's  report  that  stated  that  numerous  errors  were noted in the
processing of claims  payments,  including  duplication of drafts issued and the
omission  of drafts  issued  from the  accounting  records.  More  specifically,
Deloitte & Touche  stated that the most  significant  problem  observed  was the
issuance of a second draft without  properly  voiding the original  draft in the
subsidiary and general  ledgers.  It also noted instances of drafts being issued
but never recorded in the subsidiary and general ledgers.

         The remedies taken to correct this weakness and actions to correct this
situation  began even prior to the  Deloitte & Touche LLP  letter.  The  Company
became aware of this problem because it was attributable to errors in processing
data recorded and transferred to the Company by the former policy  administrator
in connection with the conversion of administration systems. With the new system
in place since  January 15, 2002,  the Company  believes  that it now has better
control over its policy data and claims. In addition, while working with the new
vendor to fully  implement the new claims system,  the Company has been parallel
processing the data through its own in house claims system. The Company has also
hired a firm, i4 Integrated Services,  LLC, to provide  professional  consulting
services  in  implementing  an  online  analytical   processing  and  management
reporting  system for the Company.  The purpose of this system is to enhance the
Company's  reporting  and  analysis  of its policy and claims  data.  Also,  the
Company has  implemented the  recommendations  provided by Deloitte & Touche LLP
for elimination of the material  weakness.  Specifically,  drafts are not issued
until the  completed  and signed proof of loss is obtained  from the insured and
the correct  payee is verified.  This has resulted in fewer drafts being issued.
In  addition,  the controls  over the issuance and  recording of drafts has been
evaluated and  improved.  A listing of voided drafts is prepared and compared to
the outstanding  report on a periodic basis. In addition,  drafts are not issued
without  evidence of being recorded.  Finally,  an analysis of aged  outstanding
drafts  is  performed  on a  regular  basis to  determine  that  they are  valid
outstanding drafts.

         The procedures  performed by the Company to confirm the  information in
the December 31, 2001 financial  statements  included a comprehensive  review of
claim  drafts by the Company.  The purpose of this review was to ascertain  that
claims drafts were  properly  recorded and that the related  drafts  outstanding
payable,  claims  liability and expense and  reinsurance  balances were properly
stated.  More  specifically,  the  Company  validated  that  drafts  issued were
recorded in the  subsidiary  and general  ledgers and that in instances  where a
second  draft was issued,  that the original  draft was  properly  voided in the
subsidiary and general ledgers.  The Company believes that Deloitte & Touche LLP
selected  additional  claim  files for  testing  after this  matter  came to its
attention.  The Company believes that Deloitte & Touche LLP performed additional
audit procedures and requested additional information from the Company regarding
claims selection for purposes of its testing.

         Except as noted above, during the two most recent years and through the
subsequent  interim period through September 30, 2002, there have been no events
of the type described in Item 304(a)(1)(iv) of Regulation S-B.

        The audit reports of Deloitte & Touche LLP on the consolidated financial
statements of the Company as of and for the fiscal years ended December 31, 2000
and 2001 did not contain any adverse opinion or disclaimer of opinion,  nor were
they  qualified  or  modified  as to  uncertainty,  audit  scope  or  accounting
principles, except that the audit report of Deloitte & Touche LLP for the fiscal
year ended  December  31, 2001  contained  a separate  paragraph  regarding  the
Company's ability to continue as a going concern.

         The  Company  provided  Deloitte & Touche  LLP a copy of the  foregoing
disclosures. Attached as Exhibit 16 is a copy of a letter from Deloitte & Touche
LLP stating whether or not it agrees with such disclosures.


Exhibit 16    Letter from Deloitte & Touche LLP to the Securities and Exchange
              Commission, dated March 27, 2003.


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                UNIVERSAL INSURANCE HOLDINGS, INC.

Dated:  April 2, 2003           By: /s/ Bradley I. Meier
                                    Bradley I. Meier
                                    President and Chief Executive Officer