HCI Group Subsidiary Homeowners Choice Approved to Write Flood Insurance in Maryland

8/17/17

TAMPA, Fla., Aug. 17, 2017 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI) announced today that its wholly-owned insurance subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., has received regulatory approval to write flood insurance in Maryland. Homeowners Choice may begin selling its flood insurance product there once regulators approve rates and policy forms.

About HCI Group, Inc.
HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeowners’ insurance, reinsurance, real estate and information technology services. The company's largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., is a leading provider of property and casualty insurance in the state of Florida.

The company's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 Index and the S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Informationsection of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.

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