Hci group insurance subsidiary typtap was approved to assume up to 25,000 policies from citizens property insurance corporation

Tampa, fla., oct. 05, 2023 (globe newswire) -- hci group, inc. (nyse: hci), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today that its subsidiary, typtap insurance company, has received approval by the florida office of insurance regulation to assume up to 25,000 policies from citizens property insurance corporation, florida's state-backed insurance company. the assumption would be under florida's legislatively mandated depopulation program, which is designed to encourage private companies to assume policies from citizens.
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