NEW YORK, October 31, 2016 /PRNewswire/ --
Lemonade, an insurance company built on technology and behavioral economics, today announced the appointment of William D. (Bill) Latza as its Chief Compliance Officer and General Counsel.
Latza joins Lemonade, after 25 years as Partner at the esteemed law firm Stroock & Stroock & Lavan LLP, where he specialized in insurance law. His leadership in insurance law has been recognized by Chambers USA, the International Who's Who of Business Lawyers, the Guide to the World's Leading Insurance and Reinsurance Lawyers, as well by the New York area Super Lawyers and Best Lawyers publications. He served as Lemonade's external counsel since its founding in 2015.
"Bill was instrumental in getting Lemonade Insurance Company licensed in New York State" said Daniel Schreiber, CEO and co-founder. "His invaluable experience in insurance regulation, and his indispensable network within the national insurance ecosystem, will be vital in propelling Lemonade onwards and upwards."
Latza is a sought-after speaker and author in various insurance seminars and forums, principally in the areas of insurance-related acquisitions and financings, alternative and capital markets risk transfer, and reinsurance transactions.
"When I started advising Lemonade, the first thought that jumped into my mind was 'I haven't had this much fun since college,'" said William Latza, Chief Compliance Officer. "What Lemonade is doing in New York from a legal perspective is remarkable. Working hand in glove with New York regulators to get licensed as a carrier in order to provide consumers with a new kind of insurance company that celebrates social good, is a milestone for the industry nationwide. I'm thrilled to be part of this journey."
Last month, Lemonade announced it had been licensed as a full-stack insurance carrier by New York State. In addition to digitizing the entire insurance process, Lemonade introduces a reversal of the traditional insurance model, returning unclaimed money to causes policyholders care about during its annual 'Giveback'. Residents of New York State can now buy a new policy or painlessly switch from an existing one at http://www.lemonade.com or through the Lemonade app.
Read more about why William joined Lemonade here.
Lemonade is a newly licensed insurance company for homeowners and renters. By replacing brokers and bureaucracy with bots and machine learning, Lemonade promises zero paperwork and instant everything. And as a Certified B-Corp, where underwriting profits go to nonprofits, Lemonade is remaking insurance as a social good, rather than a necessary evil. Lemonade has been assigned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc.