Hippo is a new start-up that is trying to revolutionize the way consumers purchase home insurance. The company utilizes big data to streamline the process and take it from agencies and agents to online.
Assaf Wand is the CEO of Hippo. He joins Cheddar to explain how Hippo is disrupting the insurance space. Hippo boasts a 90-second process and savings of up to 25%. Wand explains this is due to their use of big data. Hippo tries to foresee any issues in your home and through big data are able to give you an estimate in those 90 seconds rather than the 4 days it normally takes.
Wand explains that Hippo's customer acquisition strategy has been furthered through networking. Their key to success has been getting their product and info in front of new homebuyers so they are exposed to the brand as they are closing on a new deal.
Stocks were up after the closing bell as Wall Street continued to pin their hopes on rate cuts after last week's comments from the Fed.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Google has agreed to pay $700 million and make several other concessions to settle allegations that it had been stifling competition against its Android app store — the same issue that went to trial in another case that could result in even bigger changes.
Nicki Minaj just reached a milestone that no other woman in rap has reached.
Apple announced that starting this week, it will stop selling some versions of the Apple watch in the U.S.
Southwest Airlines will pay a $35 million fine as part of a $140 million settlement to resolve a federal investigation into a debacle in December 2022 when the airline canceled thousands of flights and stranded more than 2 million travelers over the holidays.
The House of Representatives recently passed a bill aimed at increasing transparency in healthcare.
If you have a flexible spending account, here's some short information for you so you don't leave money on the table.
With high healthcare costs, bills can quickly add up. In some cases, it is possible to negotiate your medical bills. Barak Richman, law professor at George Washington University, joined Cheddar News to discuss the easiest way to talk to medical debt companies about what's owed.
Millions of people have selected insurance plans for 2024 but sometimes navigating them can be tricky time consuming and expensive. Paula Pant, host of 'Afford Anything' podcast, joined Cheddar News to break down what's needed to know about their insurance plans.
