Eddie Kendricks

Keep on Truckin’: Insurtechs in 2021

[vc_row][vc_column][vc_column_text] When I think about 2021, the year was almost as crazy as 2020. It goes without saying that we all had to deal with the effects of Covid on ourselves, our families, colleagues, and work. I trust that you and those who are important to you finished the year...

Select Insurtech Results | Lemonade

Lemonade buys Metromile for $500M. What you need to know.

[vc_row][vc_column][vc_column_text] I had the pleasure of meeting Tiffani Bova, the author of “Growth IQ” tonight. She will be speaking at an Amerisure sponsored women’s broker conference with me tomorrow. [/vc_column_text][vc_column_text] With Tiffani Bova and Jennifer DeMello-Johnson The chapter she wrote about unconventional strategies includes a case study on Lemonade and...

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...