Hippo’s Hurricane Ian losses a third below average model estimate: CFO Ellis

November 10, 2022

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Hurricane Ian was not a significant event for homeowners’ InsurTech Hippo, as the company’s expected losses from the Category 4 storm in Florida were about a third below the average model estimate, management has said.

Speaking on a call with analysts, president and CEO Rick McCathron said the company entered Florida exclusively through homebuilder policies, which support newer homes that are built to better withstand damage.

“When

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Hippo’s Hurricane Ian losses a third below average model estimate: CFO Ellis

Hurricane Ian was not a significant event for homeowners’ InsurTech Hippo, as the company’s expected losses from the Category 4 storm in Florida were about a third below the average model estimate, management has said.

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Hippo’s Hurricane Ian losses a third below average model estimate: CFO Ellis

Hurricane Ian was not a significant event for homeowners’ InsurTech Hippo, as the company’s expected losses from the Category 4 storm in Florida were about a third below the average model estimate, management has said.

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Uncover exclusive insights tailored for insurance leaders

Topics

Gallagher Q1 M&A pipeline up to 50 term sheets, 2025 war chest grows to $4bn

Q1 earnings roundup April 25: Gallagher, Kinsale, The Hartford, CinFin, Universal

Aon completes NFP acquisition for $13bn

Employee benefits InsurTech Beam canvasses investors for capital raise

Aon US property leader Rick Miller passes away at age 62