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HCI Group Inc (HCI) Q1 2021 Earnings Call Transcript


Operator
Good afternoon, and welcome to HCI Group s First Quarter 2021 Earnings Call. My name is Tom [Phonetic] and I will be your conference operator this afternoon. At this time, all participants will be in a listen-only mode. Before we begin today s call, I would like to remind everyone that this conference call is being recorded and will be available for replay through June 6, 2021 starting later this evening. The call is also being broadcast live via webcast and available via replay until May 6, 2022 on the Investor Information section of HCI Group s website at www.hcigroup.com.
I would now like to turn the call over to Rachel Swansiger, Investor Relations for HCI. Rachel, please proceed. ....

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Florida's property insurance market is ailing. There is no quick fix


Updated 2 hours ago
Florida’s property insurance market posted one of its worst financial performances in 2020, even without a hurricane making landfall in the Sunshine State, and policyholders are starting to pay the price.
Experts say there is no quick fix to the challenges buffeting the industry.
Fifty-six Florida insurers reported a combined $1.57 billion in underwriting losses, according to financial data obtained by the Tampa Bay Times, spending more on claims and expenses than they brought in through premiums. The figure marks the industry’s fifth consecutive year of losses in the state and is more than two-and-a-half times what those companies lost in 2019. ....

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