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.
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.
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