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Around the P&C insurance industry: Jan. 4, 2017

News from HCI Group, Chubb, Sedgwick and more.

By Caterina Pontoriero | Updated on January 04, 2017
(Photo: Shutterstock)

The board of directors of Tampa-based homeowners’ and reinsurance company HCI Group, Inc. said it has authorized a plan to repurchase up to $20 million of the company’s common shares during 2017, subject to market conditions. The plan permits the company to periodically repurchase shares for cash in open market purchases, block transactions and privately negotiated transactions in accordance with applicable federal securities laws.

Broomfield, Colorado-based property catastrophe insurance underwriter Icat said it is using Moxie Software‘s Live Chat to provide immediate assistance to its brokers.

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