{"id":842,"date":"2022-05-28T08:24:21","date_gmt":"2022-05-28T12:24:21","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=842"},"modified":"2022-05-28T08:24:50","modified_gmt":"2022-05-28T12:24:50","slug":"3-things-5-27-2022","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-5-27-2022\/","title":{"rendered":"3 Things – Jetty Raise, New Products, Lemonade Layoffs & Florida Property Legislation – 5\/27\/2022"},"content":{"rendered":"

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Hello Friends!\u00a0 I’m sure we can all use a break while we remember those who served, Happy Memorial Day!\u00a0 It was good to be at Insurtech Insights in NYC, hear from industry panels and network with colleagues.\u00a0 This week we are following Jetty investment and new products, Lemonade Layoffs & Florida property insurance legislation :<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Jetty Receives Investment, New Products<\/strong><\/p>\n

Jetty announced they\u00a0received investment<\/a>\u00a0from Paypal and Experian Ventures and announced new products.\u00a0 Jetty has been on the insurance industry radar for some time and has pivoted nicely into being a financial solutions provider.\u00a0 It remains a good play for insurance with offerings for property owners and renters now with embedded security deposit protection and flexible rent payments to go along with insurance.\u00a0 Yet another example of the play to make insurance part of an individuals overall financial well-being.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Lemonade Layoffs<\/strong><\/p>\n

Hat tip to our friends at Coverage for breaking the news that Lemonade has\u00a0laid off 52 employees<\/a>.\u00a0 While this is a significantly lower number of associates than Root’s 300 back in January, they learned their lesson and did it quietly so there wouldn’t be a big run to sell off their stock.\u00a0 It is still not a good sign for the company but cannot come as a surprise as they need to lower their combined ratio.\u00a0 The individuals released were customer services oriented so the move may point to a pivot to an independent agent distribution channel.\u00a0 Maybe our theory of them coming together with Hippo who already has a agent channel is alive too.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Florida Passes Legislation<\/strong><\/p>\n

Florida property insurance interests had reason for hope as the legislature and governor were able to\u00a0pass legislation this week<\/a>\u00a0with tort reform and other fixes.\u00a0 There is still a reinsurance capacity issue but this is a step in the right direction.\u00a0 Hurricane season starts next week and it is supposed to be active.\u00a0 Hopefully the wind doesn’t blow.\u00a0 With the macro economic conditions we are seeing, there could certainly be a continued crisis that has few options for fixing.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Thank you for following us, we appreciate your feedback and continued support.\u00a0 Stay tuned for more info to come.\u00a0 Until next time… stay safe, stay productive!<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hello Friends!\u00a0 I’m sure we can all use a break while we remember those<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n3 Things - Jetty Raise, New Products, Lemonade Layoffs & Florida Property Legislation - 5\/27\/2022 - Wikifri<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wikifri.com\/3-things-5-27-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - Jetty Raise, New Products, Lemonade Layoffs & Florida Property Legislation - 5\/27\/2022 - Wikifri\" \/>\n<meta property=\"og:description\" content=\"Hello Friends!\u00a0 I’m sure we can all use a break while we remember those\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/3-things-5-27-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-28T12:24:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-28T12:24:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things-300x157.png\" \/>\n<meta name=\"author\" content=\"Nick Coenen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Coenen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wikifri.com\/3-things-5-27-2022\/\",\"url\":\"https:\/\/www.wikifri.com\/3-things-5-27-2022\/\",\"name\":\"3 Things - 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