Weathering the Storm of the Home Insurance Crisis

Rick McCathron, CEO of Hippo, considered how the firm's underwriting model could account for the effects of climate change. Along with providing smart home packages, targeting risk-friendly customers, and using data-driven pricing, the Insurtech used technologically empowered services to create its competitive edge. Given the rise of high-intensity weather events, however, the firm was grappling with major loss ratios and rate hikes. Could Hippo survive a new era of unprecedented weather catastrophes? What should Hippo's optimal strategy be, in terms of achieving underwriting profit?