March 31, 2025
Berkshire Hathaway’s GEICO insurance plans to open a new campus in Tampa late this summer, bringing more than 1,000 jobs to the area. The property and auto insurer also plans to open an office in the Dallas area by this …
March 20, 2025
Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media – may take heart from a new ruling by a Florida appeals court, which draws a bold line under insureds’ responsibilities …
October 17, 2024
Publicly traded HCI Group, the Tampa-based holding company for Homeowners Choice Property & Casualty, TypTap and a new condominium insurance reciprocal, is one of the first Florida insurers to report estimated losses after recent hurricanes. HCI said in a statement …
May 10, 2024
TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Wednesday reported first-quarter profit of $47.6 million, which follows a $38 million profit for Q4 2023. The Tampa-based company said it had profit of $3.81 per share. Earnings, adjusted for non-recurring …
March 12, 2024
TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Thursday reported fourth-quarter earnings of $38.1 million, a significant improvement over Q4 2022. The Tampa, Florida-based company said it had profit of $3.40 per share. Earnings, adjusted for non-recurring gains, were …
November 22, 2023
Homeowners Choice Property & Casualty Insurance Co. recently assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company. The policies assumed amount to approximately $196 million of in-force premium. The insurer said the assumption, which was effective …
August 15, 2023
Florida’s property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the arena. Tampa-based HCI Group’s CEO Paresh Patel said in an earnings call …
May 19, 2023
When HCI Group’s TypTap Insurance launched in 2016, it created a buzz in the industry and some skepticism, due to the company’s plan to rely heavily on mapping technology and property data. This month, Tampa-based HCI announced that, after a …
April 13, 2023
Florida regulators have given a green light to a new homeowners insurance company, the first since state lawmakers took steps in December to rein in costly claims litigation. Tailrow Insurance Co., part of HCI Group, was approved April 4 by …
August 5, 2021
HCI Group, Inc. announced that its insurtech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market homeowners and flood insurance, has confidentially submitted a draft registration statement for a proposed initial public offering with the Securities and Exchange …