Hippo Builder Insurance Agency.

The new product offering includes worker’s compensation, professional liability and business owner’s policies.

Every 25 shares of the company's issued and outstanding common stock will automatically be converted into one share of issued and outstanding common stock.

Approximately 70 employees are being laid off.

Net Loss attributable to Hippo was $73.5 million.

Hippo's stock is currently trading at ~$0.83 per share; down 93% from its public debut.

According to two sources, unfavorable reinsurance terms led the company to end the program.

Blink by Chubb will be available to independent agents that participate in First Connect's insurtech marketplace platform.

With this recent expansion, Hippo products now reach 88.9% of the U.S. population across 38 states.

The app is available for both Apple and Android devices.

Munich Re Ventures participated in the round.

Ally Financial will begin offering home insurance policies through a partnership with the insurance provider Hippo.

Hippo's homeowners program will be offered through Incline's distribution channels and a separate reinsurance program will be placed.

5 Minute Insure claims it will utilize AI to provide insurance quotes online within five minutes.