Hippo to expand homeowners insurance

Hippo announced that its Hippo Homeowners Insurance Program will expand its availability into 14 additional states through relationships with national distribution partners, increasing the number of states where the program is available from 8 to 22 states in the fourth quarter.

Starting in the fourth quarter, the Hippo Homeowners Insurance Program will be available to homeowners beyond the newly built home channel in Alabama, Arkansas, Arizona, Indiana, Michigan, Missouri, Nevada, New Jersey, New York, Oregon, Utah, Virginia, Washington and Wisconsin.

“We’ve spent the past two years getting the fundamentals right by strengthening our underwriting, diversifying the business and building technology that gives us much more control over where and how we grow. We’re now in a position to selectively expand homeowners again. Rather than following a fixed geographic rollout, we can evaluate markets and distribution opportunities individually and move when the underwriting economics are attractive. That’s what disciplined, profitable growth looks like for Hippo.” – Rick McCathron, President and CEO of Hippo.