Tag Archives: Homeowners Insurance

Industry May Sour Over Lemonade Insurance’s Sweet Formula

Since our first report last year, Lemonade Insurance, a tech start-up that planned to offer peer-to-peer insurance products, has launched in four states, offering homeowners and renters insurance in New York, California, Illinois, and New Jersey. Lemonade’s cutting-edge use of technology and its alternative business model could prove disruptive to the insurance industry.… Continue Reading

On-Demand Insurance Offers A Slice Of The Pie To Ride – And Home-Sharing Apps

Ride and homesharing technologies like Uber and Airbnb are now ubiquitous. Slice, an on-demand insurance provider, seeks to fill the gap between the demands of these on-the-go services and traditional insurance contracts, which may not cover home rental or car sharing. Slice users can pick and choose the dates for which they receive coverage. So, … Continue Reading

State Farm’s Dirty Little Secret Part 2: Florida Circuit Court Releases Written Opinion on Residential Lines Reports Constituting Trade Secrets

Last month, I wrote about State Farm’s “Dirty Little Secret.” After a non-jury trial, Florida’s Second Judicial Circuit (Leon County) declared that data submitted by State Farm Florida Insurance Company (“State Farm”) to Florida’s Office of Insurance Regulation (“OIR”), as required by Fla. Stat. 624.424(10), constituted a “trade secret” under Florida law. The Circuit Court … Continue Reading

State Farm’s Dirty Little Secret: Residential Lines Reports Constitute “Trade Secrets”

On March 30, 2016, Florida’s Second Judicial Circuit (Leon County) declared that the personal and commercial residential policy data and report submitted by State Farm Florida Insurance Company (“State Farm”) to Florida’s Office of Insurance Regulation (“OIR”) constitute trade secrets under Florida law and are thus immune from public disclosure under Florida’s Public Records Act. … Continue Reading

Chubb Announces Coverage For Cyberbullying

Last week, Chubb announced that it would begin offering personal lines coverage in four states for costs related to cyberbullying. The coverage would reportedly insure costs for “psychiatric services, rest and recuperation expenses, lost salary, temporary relocation services, education expenses, professional public relations services, and cyber security consultants.” The cyberbullying protection would cover expenses up … Continue Reading
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