Spac-On: Kin Insurance Files to Go Public July 2021

[vc_row][vc_column][vc_column_text] Today, Kin Insurance, an Insurtech with only $25 million in premiums in 2020 and an expected $98 million in 2021, announced its intention to go public today with a valuation of $1 billion. They are doing this by merging with the Omnichannel Acquisition Corp SPAC. Interestingly, the SPAC is...

Clover Insurtech Meme Stock

Insurtech + Meme Stock = WOW for Clover Health

Today, on June 8, the stock worlds of Insurtech and Reddit memes collided. What a difference a day makes! The Reddit investors who built AMC Theaters, Bed Bath and Beyond, Blackberry and a few other stocks found Insurtech today. At the close of trading Clover Health, an Insurtech startup that...

Lemonade Insurance Results

Lemonade vs Colonial Pipeline:  A tale of two Texas catastrophes. 1Q2021 results

[vc_row][vc_column][vc_column_text] Insurtech Lemonade LMND today announced its results for the first quarter of 2021. Like Colonial Pipeline’s Cyber carrier of record, Axa XL and Beazley, all will report a significant impact from cat losses. Lemonade from the Texas winter freeze, and Colonial's carriers from this incident.   Juicing the numbers Lemonade...

colonial pipeline cyber attack

Colonial Pipeline and the Cyber Insurance Customer

I am sure you have been following the news that the Colonial Pipeline was damaged by a cyberattack on May 7, resulting in the closure of the pipeline that supplies about 45% of all refined fuels along the US East Coast between Texas and New York. Did you know that...

Bubba Wallace and Root

The Roots of Insurtech Root take hold: 1Q 2021 Results

Cinco de Mayo, or May 5, is a holiday celebrating the date of the Mexican Army's victory over France in the Battle of Puebla during the Franco-Mexican War. Insurance, and especially Auto insurance, can be as demanding and damaging as any war. The U.S. auto insurance market is dominated by...

Lemonade Announces Auto Insurance, Coming Fall 2021

Lemonade, the Insurtech, announced that it intends to introduce Auto insurance within the next few months. This would be their second major product launch in 2021. In February, they teamed up with Bestow to launch Life Insurance. When Lemonade Auto Insurance is introduced, it will be their fifth product after Renters, Home, Pet and...