Kin Insurance


Kin Insurance is a Chicago-based insurance technology company that insures homes in disaster-prone regions. The company was founded in 2016 by Sean Harper, Lucas Ward, and Stephen Wooten.

History

Kin launched in Florida in spring 2016 in partnership with State National, a property and casualty insurance company.
In 2019, Kin established its own insurance company, the Kin Interinsurance Network, which is a reciprocal exchange domiciled in Florida.
Kin operates as a managing general agent in Florida, Texas, Georgia, and Alabama. The company helps insure homeowners in disaster-prone regions.

Funding

In August 2017, Kin raised a $4 million seed round from Commerce Ventures and Flourish VC. In February 2018, the company raised $13 million in a round led by August Capital.
In August 2019, Kin raised $47 million in funding from August Capital, along with Hudson Structured Capital Management, Avanta, and UChicago Startup Investment Program to launch a home insurance carrier in Florida.