I came across this article looking for a crowdfunded insurance product (think old school Lloyds of London but JOBS Act style). However, this article talks about insuring a crowdfunded project. In this sense, having a backstop to a project that fails. I have talked to several people who seem to like the concept of protecting their investment with an insurance tool of some kind. My skepticism remains as a high number of start-up projects will fail to launch and most certainly fail to generate any meaningful returns. It's an interesting concept nonetheless. I would love to see the crowdfunding insurance product to be crowdfunded itself. Wonder if we'd get that past the regulators???
Link to the article: http://www.visionlaunch.com/is-crowdfunding-insurance-the-next-great-idea/
Monica M. Minkel, RPLU, MLIS, cyRM has been working exclusively with Directors & Officers Liability, Professional Liability, Cyber Liability and related products for more than 15 years. She started her interest in finance by loaning money to her mom at age 11 (complete with a loan agreement and competitive interest rate). She is passionate about all things in the financial industry and the way technology is changing the way capital markets function.