Hippo stock news
On May 29, 2026, Hippo Holdings Inc. (NYSE: HIPO) announced it has secured regulatory approval to begin underwriting homeowners insurance in New York and Massachusetts. This expansion marks the company's entry into two of the largest insurance markets in the United States. Management expects these new territories to contribute significantly to the company's strategic goal of reaching $2 billion in gross written premiums by 2028, leveraging its proprietary AI--driven underwriting platform to target low--risk residential properties in these regions.