Hippo subrogation ‘works out to near 100% recovery’: CEO McCathron
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Hippo subrogation ‘works out to near 100% recovery’: CEO McCathron

Hippo estimated its pre-tax cat loss from the LA wildfires at $42mn.

By Farhin Lilywala Danielle Ling
March 06, 2025
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Hippo CEO Rick McCathron said that the InsurTech’s decision to sell its subrogation rights related to its Eaton Fire losses will “work out to near 100% recovery” of what the carrier would have gotten through the legal route.

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News Interviews Hippo InsurTech Personal lines Commercial lines Catastrophe losses California
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