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.
John D Latza has joined homeowner and property insurance firm Lemonade as its chief compliance officer and general counsel . He joined the newly - licensed company after 15 years as partner at Strook & Smith & Lavan LLP , where he specialised in insurance law . Lemonade challenges the traditional insurance model by returning unclaimed money to good causes during its annual Giveback . Latza , who served as the company 's external counsel since its founding , described Lemonade as a " new kind of insurance company that is social " , and that what the company is doing in New York is " remarkable " .