Hci Group Inc
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Financials : Insurance | Small Cap Blend
Company profile

HCI Group, Inc. (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance. The Company, through its subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc. (HCPCI), provides property and casualty insurance to homeowners, condominium owners and tenants on properties located in Florida. HCPCI also offers flood-endorsed and wind-only policies to new and pre-existing Florida customers. Its Other Operations include information technology (IT) and real estate. The Company's real estate operations consist of multiple properties it owns and operates.


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UPDATE: EU 'hit list' would reportedly impose tougher rules on big tech companies

6:55 pm ET October 11, 2020 (MarketWatch)

By Mike Murphy

Financial Times reports European regulators are looking to rein in big U.S. internet giants

European regulators are reportedly preparing a "hit list" of up to 20 big tech companies that would be subject to strict new rules.

The Financial Times reported Sunday (https://www.ft.com/content/c8c5d5dc-cb99-4b1f-a8dd-5957b57a7783) that the list of large internet companies -- which likely would include Apple Inc. (AAPL), Amazon.com Inc. (AMZN) and Facebook Inc. (FB) -- would be forced to share data with rivals and be more transparent in their data collection under the EU proposal. The companies on the "hit list" would also be subject to tighter regulations than smaller internet companies.

European regulators are concerned that the biggest internet companies' hold on market share is too great, stifling competition.

The move is part of a European effort to force tech companies to change their ways without resorting to costly and drawn-out investigations or proving antitrust, the FT said.

The list will be heavily skewed toward U.S. companies, the FT reported, and regulators could reportedly force the breakup of some companies, in extreme circumstances.

The exact number of companies included and the specific criteria for inclusion on the list are still being hammered out, the FT said.

A number of big-name tech companies, including Apple, Facebook, Amazon and Google parent Alphabet Inc. (GOOGL)(GOOGL), are under antitrust scrutiny (https://www.marketwatch.com/story/big-tech-is-turning-on-one-another-amid-antitrust-probes-and-litigation-2020-09-11) in the U.S. as well. Last week, a House subcommittee said Congress should consider breaking up some companies (https://www.marketwatch.com/story/congress-should-consider-breaking-up-big-tech-and-limiting-acquisitions-11602015983), and limiting their acquisitions.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 11, 2020 18:55 ET (22:55 GMT)

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