HCI Group.
HCI.US | Non-life insurance
HCI Group, Inc., together with its subsidiaries, operates as a holding company primarily in Florida. The company's major subsidiary is Homeowners Choice Property & Casualty Insurance Company, Inc. (Homeowners Choice), which provides property and casualty insurance. HCI Group focuses on providing hom...Show More
Better Health for All
0
The company demonstrates positive contributions to Better Health for All through its healthcare IT and medical insurance offerings. Its platform led to a 75% weekly saving in nurse time educating patients, significantly supporting the healthcare workforce.
1
The company's international private medical insurance covers vaccinations, and its platform achieved a 40% reduction in routine appointments through patient-initiated follow-up, indicating an emphasis on preventative health measures.
2
Furthermore, the company utilizes secure analytics tools for patient data collection and adheres to Meaningful Use Stage 2 standards, reflecting excellent healthcare data responsibility.
3
The company's principal goods and services, property and casualty insurance, have a neutral health impact. No revenue from products with negative health outcomes is reported, and its products do not have direct safety implications or carry health risks requiring disclosure. No significant health externalities are reported. KPIs related to pharmaceutical patents, nutrition, addiction mitigation, and clinical trial ethics are not applicable to the company's business model. No specific data was provided regarding price accessibility, vulnerable reach, health innovation investment, health equity programs, global health crisis response, mental health initiatives, or healthcare education.
Fair Money & Economic Opportunity
0
No evidence available to assess HCI Group on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
20
HCI Group's CEO, Paresh Patel, had a total compensation of $3,662,846 in 2023.
1
The CEO to median employee pay ratio was 56:1, based on a median employee compensation of $65,649.
2
Fair Trade & Ethical Sourcing
0
HCI Group operates as an insurance and investment company, focusing on property and casualty insurance, reinsurance, real estate, and technology ventures. Based on this business model, the company does not appear to engage in the procurement of physical commodities or high-risk materials such as conflict minerals or uncertified palm oil, leading to a score of N/A for materials risk. For all other KPIs related to fair trade and ethical sourcing, the provided articles, including the company's ESG report, explicitly state a lack of quantitative data regarding fair trade certification percentages, audit frequencies, or supplier diversity spend, and offer no relevant information for other metrics.
1
Honest & Fair Business
-10
TypTap Insurance Co., a subsidiary of HCI Group, was fined $150,000 by Florida's Office of Insurance Regulation (OIR) in the first quarter of Fiscal 2023-2024.
1
The fine was for claims handling issues related to Hurricanes Ian (2022) and Idalia (2023), including not acknowledging claims communications in a timely manner and failing to pay or deny claims within 90 days in several cases.
2
Kind to Animals
0
No specific, concrete data points were found in the provided articles for any of the KPIs related to the 'Kind to Animals' ethical value for HCI.US. The articles did not contain information regarding cruelty-free certifications, alternative testing methods, humane certifications, wildlife conservation impact, ethical ingredient substitution, supplier audits, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement for HCI.US.
No War, No Weapons
0
No specific evidence was found in the provided articles regarding HCI.US's involvement in arms manufacturing, military contracts, dual-use technology development, sales to embargoed regimes, peacebuilding investments, or any other activities directly related to the 'No War, No Weapons' ethical value. The articles discuss general concepts and statistics related to war, peace, and technology, but do not provide specific data points or actions attributable to HCI.US.
Planet-Friendly Business
-30
The company has no specific regulatory actions, violations, fines, or compliance issues mentioned across its operations.
1
Respect for Cultures & Communities
0
No specific, quantitative data points were found in the provided articles that directly address the defined KPIs for 'Respect for Cultures & Communities'. Information available pertains to internal workforce diversity (e.g., 62% of US employees were female and 42% identify as members of a racial or ethnic minority group in 2022)
1
and general business partnerships (e.g., with reinsurance companies
2
or a 'diverse agency'
3
), but not specific engagement with indigenous or local community groups, cultural preservation, or community-focused grievance mechanisms as required by the rubric. Mandatory harassment prevention training is mentioned, but not specifically cultural sensitivity training with a completion percentage.
Safe & Smart Tech
0
No evidence available to assess HCI Group on Safe & Smart Tech.
Zero Waste & Sustainable Products
-40
HCI Group's locations implement recycling programs for office paper, plastics, and aluminum where feasible.
1
No other specific waste reduction initiatives or quantitative data on waste management practices are provided for the company's core operations.