One more Homeowners Insurance Carrier is gone. Hippo

Hippo pauses all new business countrywide.

Recently Hippo shared that it is pausing all new business countrywide “effective immediately.”

*Due to significant weather-related events, Hippo reported a net loss of $108 million for the quarter. This is higher than the $74 million loss they experienced during the same timeframe the previous year. This translates to a loss of $4.61 per share in contrast to a loss of $3.25 per share in the prior year.

After accounting for specific one-off or irregular expenses, Hippo’s adjusted loss amounted to $88 million – greater than the $56 million loss from the prior year.

Weather Losses: Significant weather-related losses overshadowed positive progress.*

One more gone. Good news that we have five carriers that are accepting new business in Florida. We can certainly help your clients to find homeowners insurance policies. Call us at 561-510-1442