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Stock impact report

HCI Group Insurance Subsidiary Enters into Preliminary Agreement to Acquire Policies from Anchor Property & Casualty Insurance Company

HCI Group, Inc. (HCI) 
Last hci group, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: hcigroup.com
Company Research Source: GlobeNewswire
TAMPA, Fla., Jan. 13, 2020 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) announced today that its wholly-owned insurance subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., has reached a preliminary agreement to acquire all the insurance policies of Anchor Property & Casualty Insurance Company. Anchor is a Florida-based provider of homeowners insurance. According to reports filed with insurance regulators, at June 30, 2019 Anchor had 43,209 policies in force representing approximately $69 million in annualized premium. HCI did not disclose a purchase price. About HCI Group, Inc.HCI Group, Inc. is an InsurTech company with operations in insurance, software development and real estate. HCI’s leading insurance operation, TypTap Insurance Company, is a rapidly growing, technology-driven insurance company, which provides homeowners’ insurance and flood insurance primarily in Florida. TypTap’s operations are powered in large part by insurance-related information Show less Read more
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