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Agreed. There is no way that a startup is capitalized enough to survive a payout. Their CEO and investors must be sweating bullets over the next few days, worry
by steven2012 7y ago
Agreed. There is no way that a startup is capitalized enough to survive a payout. Their CEO and investors must be sweating bullets over the next few days, worrying if an earthquake hits closer to LA
- aianus 7y agoI'm sure they're just reselling a real insurer's product with some marketing and a web 2.0 website. No way an undercapitalized startup is allowed to actually underwrite their own insurance contracts.
- newman8r 7y agoyeah, according to their FAQ: > Jumpstart is a surplus lines insurance broker working in full compliance with applicable insurance regulations. The insurance described here is effected with certain Underwriters at Lloyd's, London.