HCI Group to acquire business in four Northeast states of United Insurance.

HCI Group, an InsurTech company with operations in insurance, software development and real estate, agreed to acquire United Insurance's personal lines insurance business in the states of Connecticut, New Jersey, Massachusetts and Rhode Island. Financial terms were not disclosed. "We’re excited to enter into this agreement with United. When fully consummated, these transactions will accelerate our strategic plan to expand nationally. We will acquire not only a seasoned book of business, but also an established agent network and important underlying data," Paresh Patel, HCI Group Chairman and CEO.