Hippo

InsurTechs, including Lemonade, Root, Hippo, and Metromile, shed some short interest but remain the target of choice for short-sellers.

The partnership should allow Hippo to expand its commercial lines HOA product into new markets.

Lemonade, Root, and Metromile remain the focus of short sellers, as most firms see little short interest change.

Lemonade and Root remain the focal points of short sellers, while Metromile’s stock loan fee rate increases (pending acquisition).

Inside P&C’s news team runs you quickly through the key developments from the last week.

Richard McCathron said that Metromile’s fate does not concern him because InsurTechs are not made equal.

Just over a quarter of shareholders voted to redeem shares as Aldel Financial took classic car underwriter public.

Short interest fell in InsurTechs, but not enough to ease the pressure on the sector.

Everyone knows the phrase “A jack of all trades is a master of none.” Relatively few people know the continuation of the phrase: “but often times better than a master of one.”

Hippo execs showed confidence in the company as the InsurTech diversifies geographically with 63% of new homeowners' premium growing outside California and Texas.

The InsurTech lowered its LR to 128%, helped by cutting the contribution of cats to the loss ratio from 75% to 50%.

Root and Lemonade remain the highest-shorted stocks covered, as short interest in most firms remains flat in anticipation of earnings.