Businessperson Walking Out With Exit Sign On Wall // Shutterstock To cover severance, benefits and related costs from the layoffs, Hippo expects to take a $1.8-$2 million hit in the third quarter. (Credit: Shutterstock)

Hippo Enterprises Inc. is laying off 10% of its workforce, around 70 employees, as part of an "organizational realignment," according to a filing with the U.S. Securities and Exchange Commission (SEC).

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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