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’.
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