TypTap Insurance Company Receives Approval to Write Homeowners Insurance in Nevada as Part of Company’s Nationwide Expansion Plan

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01/12/2021 - 08:00 AM

TAMPA, Fla., Jan. 12, 2021 (GLOBE NEWSWIRE) -- TypTap Insurance Company, a rapidly growing, technology-driven insurance company wholly owned by HCI Group, Inc. (NYSE: HCI), has received regulatory approval to write homeowners insurance in Nevada.

The approval is part of TypTap’s planned nationwide expansion announced in August of 2020. TypTap has received approvals in seven states outside of Florida.

About HCI Group, Inc.
HCI Group, Inc. is an InsurTech company with operations in insurance, software development and real estate. HCI’s leading insurance operation, TypTap Insurance Company, currently provides homeowners insurance and flood insurance in Florida. TypTap’s operations are powered in large part by insurance-related information technology developed by HCI’s software subsidiary, Exzeo USA, Inc. HCI’s largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., provides homeowners’ insurance primarily in Florida. HCI’s real estate subsidiary, Greenleaf Capital, LLC, owns and operates multiple properties in Florida, including office buildings, retail centers and marinas.

The company's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.

TypTap Company Contact:
Kevin Mitchell, President
TypTap Insurance Company
Tel (813) 405-3603
kmitchell@typtap.com

TypTap Media Contact:
Amber Brinkley
Kippen Communications
Tel (727) 466-7695
amber@kippencommunications.com

HCI Company Contact:
Rachel Swansiger, Esq.
HCI Group, Inc.
Tel (813) 405-3206
rswansiger@hcigroup.com

HCI Investor Relations Contact:
Matt Glover
Gateway Investor Relations
Tel (949) 574-3860
HCI@gatewayir.com

HCI Group, Inc.

NYSE:HCI

HCI Rankings

#2342 Ranked by Market Cap

#1619 Ranked by Dividends

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HCI Stock Data

Market Cap 1.16B

Float 5.10M

Insiders Ownership 26.56%

Institutions Ownership 68.91%

Short Percent 9.67%

Industry Direct Property and Casualty Insurance Carriers

Sector Finance and Insurance

Website Link

Country United States of America

City TAMPA

About HCI

hci group, inc. engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in florida. it provides residential insurance products, such as homeowners insurance, flood insurance, and wind-only insurance to homeowners, condominium owners, and tenants, as well as offers reinsurance programs. the company also owns and operates one full-service restaurant, marinas, waterfront property, retail shopping centres, office building, and vacant shopping centre for investment purposes. in addition, it designs and develops web-based applications and products for mobile devices, including sams and claimcolony applications. the company was formerly known as homeowners choice, inc. and changed its name to hci group, inc. in may 2013. hci group, inc. was founded in 2006 and is headquartered in tampa, florida.

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