Insurance firm plunges into new market

TAMPA — HCI Group Inc., a Tampa-based insurance firm, is launching an online flood insurance platform.

The platform, TypTap.com, is a wholly owned subsidiary of HCI Group, according to a statement. It allows policy seekers to get quotes and bind their insurance coverage online.

“TypTap provides a new way for Florida homeowners to buy flood insurance,” Paresh Patel, HCI Group chairman and CEO, says in the statement. “Never before has it been possible to get a flood insurance quote in seconds and purchase the policy in minutes.”