A group of concerned HIPPO shareholders have called for the board to immediately announce and run a strategic review process with the goal of preserving and maximizing value from the Company’s capital, Spinnaker Insurance Company and NOLs.
Tag: HIPPO
Insurtechs Have Yet to Transform Insurance Pricing As Touted
A generation of startups promised to transform the insurance industry with new types of data and algorithms to more accurately assess risk and price policies nearly a decade ago. So far, this has not occurred.
Insurance Start-Ups Face Credibility Crisis in Brutal Tech Rout
“Forget everything you know about insurance,” was the brash tagline on a banner adorning the New York Stock Exchange when Lemonade went public in July 2020. The message captured the confidence that propelled the US insurance start-up and its peers, including Hippo and Root, on to the stock market at valuations far above those of… Continue reading Insurance Start-Ups Face Credibility Crisis in Brutal Tech Rout
Hippo Partners with Socotra to Support HOA Insurance Product
Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced an expansion of the company’s Commercial Lines homeowners association (HOA) insurance into new markets following initial positive traction and engagement since its launch in August 2021. Bringing this growth to fruition, Socotra’s platform and open APIs enable… Continue reading Hippo Partners with Socotra to Support HOA Insurance Product
Hippo CEO Hopes Listing Will Fuel Better Insurance Coverage for Homeowners
Hippo Enterprises Inc wants to change homeowners’ insurance by using customer data to make it faster and easier to get coverage, Hippo’s chief executive said in an interview. The company, which has a $5 billion valuation and is due to go public through a blank-check company on Tuesday, is among a slew of “insurtech” listings… Continue reading Hippo CEO Hopes Listing Will Fuel Better Insurance Coverage for Homeowners
Hippo Launches Homeowners Association Insurance Offer
Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced its expansion into Commercial Insurance. Since Hippo brought its proactive approach to home insurance customers in 2017, the company’s focus has been on whole home protection. For the first time, Hippo will offer insurance products that are… Continue reading Hippo Launches Homeowners Association Insurance Offer
Extreme Weather to Push Property Insurance Higher, Says Hippo CEO
Extreme weather events and shortage of labor and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday. As homeowners stayed home during the pandemic, their properties suffered more damage due to issues such as bathroom leaks, and it was… Continue reading Extreme Weather to Push Property Insurance Higher, Says Hippo CEO
Hippo Partners with CAPE Analytics for Real-Time Property Intelligence
Hippo, the home insurance group that created a new standard of care and protection for homeowners, has recently announced a new integration with CAPE Analytics, which uses deep learning and geospatial imagery to provide real-time property intelligence. The integration advances Hippo’s automated property analysis capabilities to more narrowly target property characteristics and tailor policies accordingly… Continue reading Hippo Partners with CAPE Analytics for Real-Time Property Intelligence
Hippo to Go Public in $5B Merger with Mark Pincus, Reid Hoffman-Backed SPAC
Hippo Enterprises will go public through a $5 billion merger with a blank-check firm backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a sign of rising interest in the fast-growing “insurtech” sector. The deal, announced on Thursday, comes when the COVID-19 pandemic has forced the insurance sector to rely heavily on technology… Continue reading Hippo to Go Public in $5B Merger with Mark Pincus, Reid Hoffman-Backed SPAC
Hippo in Talks to Merge with Mark Pincus, Reid Hoffman SPAC
Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with Reinvent Technology Partners, a special purpose acquisition company that counts Zynga Inc. founder Mark Pincus and LinkedIn co-founder Reid Hoffman as its lead directors,… Continue reading Hippo in Talks to Merge with Mark Pincus, Reid Hoffman SPAC