TypTap receives approval to write home insurance in Massachusetts

TypTap, a subsidiary of HCI Group, has received regulatory approval to write homeowners insurance in Massachusetts.

The approval is part of TypTap’s planned nationwide expansion announced in August of 2020. TypTap has received approvals in 13 states outside of Florida.

Funded by HCI Group, TypTap was founded in 2016 with the mission of utilizing technology, data, and data analytics to simplify the insurance experience. TypTap provides homeowners and flood insurance in Florida with plans to expand its operations nationwide. TypTap uses its online platform to quote and bind policies.

HCI Group has operations in insurance, software development, and real estate. TypTap’s operations are powered in large part by insurance-related information technology developed by HCI’s software subsidiary, Exzeo USA, Inc. HCI’s largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., provides homeowners’ insurance primarily in Florida. HCI’s real estate subsidiary, Greenleaf Capital, LLC, owns and operates multiple properties in Florida, including office buildings, retail centers and marinas.