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Tampa-St. Pete’s next tech unicorn could be insurtech TypTap

By Margie Manning TypTap, a Tampa-based technology-enabled homeowners and flood insurance underwriter, could have a valuation topping $1 billion by the end of 2020. That would make TypTap, a subsidiary of HCI Group Inc. (NYSE: HCI) , the latest tech unicorn in the Tampa-St. Petersburg area. TypTap, which just announced a national expansion, is HCI’s engine […]

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HCI subsidiary looks at national expansion

By Malena Carollo Published August 6, 2020 TAMPA — TypTap Insurance Co., a private home and flood insurance provider, is trying to expand nationally. The Hillsborough County subsidiary of Tampa-based HCI Group announced on Thursday its planned expansion to 20 states outside of Florida “We put all this time, commitment and effort into building this technology,” president […]

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TypTap Insurance Company Plans Nationwide Expansion

After building a record of proven success in writing homeowners insurance in Florida, one of the most challenging states for insurance, TypTap is taking our technology-driven, data-centric approach nationwide. TypTap has initiated the first step in the national rollout process which is to seek the approval of its expansion plans by Florida insurance regulators. With […]

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HCI founder makes virtual appearance at U.K. graduation

Insurance executive Paresh Patel delivers a commencement address to University of Cambridge graduates. by: Business Observer Staff The University of Cambridge’s Girton College — whose alumni include Arianna Huffington; Margrethe II, the queen of Denmark; and Princess Takamado, a member of the Japanese imperial family — held a virtual commencement ceremony July 11 that included remarks from […]

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HCI Group takes careful approach in returning employees to work

TypTap parent company takes careful approach in bringing employees back to the office The TypTap team alongside its parent company HCI Group, Inc. started working from home 11 weeks ago to ensure employee safety during the COVID-19 pandemic. But during the past few weeks, as the company closely monitors cases and fatality rates in Florida, […]

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Diversifying a board takes time and intent, and ideas like this

Boards of directors at many U.S. public companies continue to be dominated by white men, and these companies are missing the opportunity to have a significant competitive advantage in the marketplace. Only about 20 percent of board seats at Russell 3000 companies are held by women, according to several analyses, while about 10 percent of […]

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HCI secures larger reinsurance limit at renewals despite increasing rates

HCI Group, Inc., a Florida-headquartered property and casualty insurer, grew the size of its catastrophe reinsurance cover by approximately 31% at the mid-year 2020 renewals, securing a total limit of $1.93 billion on a first and second event basis. HCI’s two insurance subsidiaries, Homeowners Choice Property & Casualty Insurance Company, Inc. and TypTap Insurance Company, […]

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Homeowners Choice Takes on Anchor Policies

HCI Group, Inc. (NYSE: HCI) announced today that its wholly owned insurance subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., has entered into a definitive policy replacement agreement with Anchor Property & Casualty Insurance Company under which Anchor will cancel all its policies as of April 1, 2020 and Homeowners Choice will offer to […]