TypTap, a five-year old Florida-based writer of private market homeowners and flood insurance, has attracted $100 million in financing from investment firm Centerbridge Partners. The company plans to use the money to expand nationally. TypTap said it has obtained regulatory …
After launching in Florida as a flood insurer in 2016 and expanding into the homeowners market in 2018, TypTap Insurance Co. has officially started the process of becoming a nationwide company. The technology-driven insurer and subsidiary of HCI Group launched …
The Florida Office of Insurance Regulation has approved a plan for Homeowners Choice Property and Casualty Insurance Company, a subsidiary of HCI Group, to provide replacement policies for Anchor Property and Casualty Insurance Co. policyholders. The approved plan provides policyholders …
Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit warnings. Below are statements from insurers and reinsurers in …
Homeowners Choice Property & Casualty Insurance Company, Inc., a Florida-based provider of homeowners insurance, has completed its reinsurance program for the 2016-17 reinsurance year, which runs from June 1, 2016 through May 31, 2017, according to recently disclosed reports filed …
HCI Group, Inc. (HCI) has appointed Ted Blanch as president of TypTap Insurance Company, HCI’s new online insurance company. Blanch brings years of industry experience to TypTap, which offers an online platform to quote and bind residential flood insurance policies …
A Florida-based homeowners insurer has beefed up its flood insurance offering with the launch of a new flood-coverage only company called TypTap. The new company, a wholly owned subsidiary of Homeowners Choice Property & Casualty Insurance (HCI), one of the …
The parent company of one of Florida’s largest home insurers has entered into a non-binding deal to purchase another state-based insurer in a move that could affect 21,500 state policyholders. HCI Group Inc. announced it will acquire Prepared Holdings LLC …
