Lemonade, a newly licensed insurance company for homeowners and renters, appointed William D. Latza as its chief compliance officer and general counsel. Latza joins Lemonade after spending 25 years as partner at Stroock & Stroock & Lavan LLP, where he specialized in insurance law. He served as Lemonade’s external counsel since its founding in 2015. “What Lemonade is doing in New York from a legal perspective is remarkable,” Latza said in a company press release. “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.” 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’. Source: Lemonade Was this article valuable? Yes No Here are more articles you may enjoy. Get the latest insurance newssent straight to your inbox.
William D Latza has joined homeowner and renters insurance firm Lemonade as its chief compliance officer and general counsel. He joins the newly-licensed firm after 15 years as partner at Strook & Strook & Lavan LLP, where he specialised in insurance law. Mr Latza, who is also a member of the board of directors for the National Association of Home Builders, said his new role would be to help homeowners understand their rights under the Residential Tenancies Latza, who served as the company's external counsel since its founding, described Lemonade as a "new kind of insurance company that celebrates social", adding that what the company is doing in New York is "remarkable".