John

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John

John

@johnf260

Insurance / Insurtech Stuff - Avid Reader - Rock Climber - Volunteer Firefighter - BJJ - USMC Vet

Las Vegas, NV Katılım Haziran 2011
565 Takip Edilen545 Takipçiler
John
John@johnf260·
Yup, I’m one of those.. we saw what could be built and what was built/funded. IMO, those that had actual deep insurance experience (especially sales) were not taken seriously + limited investors in the space that had carrier LPs. Felt innovation in the period could have been more impactful. That’s changing, what is possible is changing, exciting times ahead. Maybe former skeptic, future founder, who knows. I just know the game has changed for the better I think. 😎
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Ty Robben
Ty Robben@TyRobben·
So you’re telling me a lot of insurtwitter is insurtech skeptics who were once insurtech founders? Tracks
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John
John@johnf260·
@TyRobben Yeah, agree, definitely a market for corporate policies. The targets I’m working on/helping with are professional individuals, so a more price sensitive market.
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Ty Robben
Ty Robben@TyRobben·
@johnf260 I think the big shops will be able to sell some version of it soon. The Amazon incident probably spooked a lot of big companies and I’m sure the big brokers are already thinking that’s the catalyst
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Ty Robben
Ty Robben@TyRobben·
Just saw a first proposed ai coverage form. Still can’t tell if it’s occurrence trigger, claims made or Bermuda integrated occurrence (it has elements of all 3) Wild to think insurers and brokers will be selling this coverage while probably most at risk to a large loss on it
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John
John@johnf260·
@TyRobben I always hope for success, as I know it’s hard to raise and create a startup but these have been interesting trying to understand the true value prop. Anyway, they both have great looking websites 👍. Need a real thoughts podcast.
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John
John@johnf260·
@shaig Did you show up? It’s fair for them to disagree, they sacrificed a lot and are dealing with things in Europe. Whether that changes in the future or not, who knows, but they’ve always showed up in the past few decades.
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John
John@johnf260·
@shaig You mean the countries that fought with us at varying levels for 20 years in Iraq and Afghanistan?
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John
John@johnf260·
@hedgequote Agree, it’s a bad decision I made. Also, didn’t raise enough initially and wasn’t open enough about what we built, which was the first of its kind, still not replicated, because it wasn’t up to my expectations yet. So many things I would ( and will 😎) do differently.
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Pat West
Pat West@hedgequote·
Basically lost two colleagues over this convo and I'm ok with it. Not paying yourself is just another bad decision brought on by America's startup fetish. Trust me you don't want insuR(e)tech built by a stressed out founder in a basement.
Sheel Mohnot@pitdesi

There's no single right founder salary. Our best founders paid themselves very little early on-they stayed lean out of a desire to win (more runway, better talent). But don't underpay yourself! Being stressed about money is a distraction. $50k is probably not enough.

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John
John@johnf260·
Interesting insurance find: stopoverpaying.org on Reddit, says it started to see if drivers are overpaying. Makes it seem like an unbiased “org” but you put your info in, have to provide email and phone at the end. Fine print is that it gets sent to Quotelab auto aggregator, which is run by MediaAlpha, partnered w/ carriers. Nice way to trick consumers.
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John
John@johnf260·
@hedgequote Agree, “insurance allows the world to go around, why do people not like us?”Oh yeah, it’s this. I save $1000 a year, and my limits are half and it’s a 6 month policy. Cool 👍
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Pat West
Pat West@hedgequote·
@johnf260 Wait so you're telling me two MIT grads didn't hack auto insurance? (Same vibe) LOL I hate this stuff so much.
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John
John@johnf260·
@TyRobben Thanks for sharing. A great reminder for all from a life well-lived.
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Ty Robben
Ty Robben@TyRobben·
Today our small wholesale community gathers to honor a guy from RT who took me under his wing when I first started and took me to Torrey more times than I can count. He lived a full life, brokering, surfing, fishing and playing drums with his band. We found his anon Reddit account after his passing and his last post went viral reddit.com/r/golf/s/OFiCV…
Ty Robben tweet media
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John
John@johnf260·
There are problems with the VA and disability rating system, this does nothing to help those issues. Ridiculous. We have a bazillion dollars for everything else but in the last year VA care has gotten noticeably worse with less staff and now just throwing out arbitrary final rules.
Stars and Stripes@starsandstripes

The VA's new rule, effective immediately, states that a disability level must be based on how well a veteran functions while on medication and not on the underlying impairment itself. stripes.com/veterans/2026-…

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John
John@johnf260·
@AntlerAI Interesting for sure. $400M+ raised, last private valuation at $2.7B, ‘24 annual revenue $255M, massive revenue boost this year (they say based on increase in agents), currently at $1.17B but at least a life startup win.
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Strawberry Antler
Strawberry Antler@AntlerAI·
Ethos goes public today! Turns out this way to do life insurance works very well.
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John
John@johnf260·
@Ross_Warren9 I can see that happening in cyber for sure. I always just let the agent know we’ll gladly take a look at it next year when they get a 50%+ renewal increase. Or maybe I wish we’d undercut the market. Can’t imagine how much premium I could close!
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Ross Warren
Ross Warren@Ross_Warren9·
@johnf260 happens a ton, but I still see this with legacy carriers as well
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John
John@johnf260·
Here we go again. New insurtech in my space, undercutting premiums by 30%+ which wins business, then gets large investment rounds. I’ve seen it before, wasn’t a great ending, but the founders ended up doing well💰. Insuring a risk with claims & over $2M in reserves for $55k is wild. Their brokers know it’s not sustainable but have to offer it or the insured will get it from a different agent (since they’ll appoint anyone). 🤷‍♂️
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John
John@johnf260·
Interesting for the insurance universe. @mighty coming out of stealth, D2C AI powered Personal Injury lawyer that’s already settling claims.
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