Ep 270: Wildfire Insurance Challenges & InsureTech Innovations: Insights with Caribou Honig
In this episode of the FNO: InsureTech Podcast, Rob Beller and Lee Boyd sit down with Caribou Honig, Chairman and Co-Founder of InsureTech Connect. Ever charming and insightful, Caribou shares insights from his experience building a home in Santa Fe, covering the challenges of obtaining homeowners insurance in wildfire-prone areas. The discussion explores the innovations and challenges of the insuretech marketplace, the implications of market dislocation, and the role of innovative insuretech players in addressing gaps. His candid reflections on the sector's growth, the role of technology, and future trends present valuable insights for all listeners involved in insuretech. Key Highlights Caribou discusses the unique challenges of securing homeowners insurance in wildfire-risk areas, including market dislocation and pricing complexities. Insight into New Mexico's proactive water and wildfire management practices. A discussion on the current alternative insurance market offerings and the noticeable pricing diversity. Caribou reflects on the health of the insuretech landscape, emphasizing the importance of niche players and the potential future impact of A.I. The growth and influence of the InsureTech Connect conference in driving industry innovation and connection.