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, CPLP has been working exclusively with Directors & Officers Liability, Professional Liability, Cyber Liability and related products for nearly 20 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.