New HO company in California, Bamboo

Jan 23, 2019

  1. Weedlebug
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    Weedlebug Expert

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    State:
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    So in CA we gave a new HO company in the market place, Bamboo. It's a new insuretech company, underwritten by XL Caitlin. The developers come from McGraw Group/Pacific Specialty. They outsource everything but their core operation.

    What are your thoughts about these new insuretech companies like Lemonade or Hippo?

    Lemonade and Hippo are direct companies, while Bamboo is offered by agents.

    There's not much history on Bamboo, so I hesitate placing my insured with them until I see how they handle their claims.

    Bamboo states their quoting platform is simple to use, with little underwriting required so the insured has no to little disruption in their lifes.

    Let's talk...
     
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