Paresh Patel News

Florida Homeowners Insurtech TypTap Goes National; Plans Roll-Out in 20 States

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 …

Florida-Based Homeowners Choice Secures Nearly $1B in Reinsurance for 2016-2017

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 …

Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage

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 …

President of Florida’s Homeowners Choice to Retire

President of Homeowners Choice Property & Casualty Insurance Co., Scott Wallace, plans to retire at the end of May 2015 after 37 years in the insurance industry, according to a statement from Homeowner’s Choice’ parent company, HCI Group, Inc. (HCI). …

CEO of Florida’s Homeowners Choice Resigns for Personal Reasons

Homeowners Choice Inc., a Clearwater, Florida-based provider of homeowners’ insurance, reported that Francis X. McCahill III has resigned from his position of president and chief executive officer and director of the company and its subsidiaries, effective date of June 30, …