Skip to main content

InsurTech NY News: Non-Competes, No More

What’s more common in America than Heart Disease?
Non-Compete Agreements

Per the FTC, nearly 1 in 5 workers is bound to a non-compete.
Non-competes tend to keep employees tethered to employers as the alternative is finding a job in another sector. Historically, a few states held that this employer power was against public policy. For example, California has enforced a ban on non-competes since 1872 based on judicial interpretations of CA Code Section 16600.
So if you are an employer, now would be a great time to review your employment and contractor agreements and make some updates. Keep in mind the FTC ruling exempts executives earning more than $151,000. Read the FTC press release here.

On the subject of competition, if you missed it, InsurTech NY announced the winners of our annual Global InsurTech Competition:
Samos Insurance : Carrier/Broker Winner
Qumis : Investor Winner

2024 Insurtech Competition Winners


Upcoming InsurTech Community Events and Programs

The Sound of Underwriting
Jun 4 | Flatiron District, NYC
– Learn how underwriters think about entertainment + listen to an InsurTech musician

InsurTech Rapids
Jun 10-11 | 1 Content day + 1 Networking Day | Jackson, Wyoming
– Founder and investor event limited to 20 people. Build deep lasting relationships.

InsurTech Spring Conference (Pre-Registration Open)
Apr 2-3, 2025 | 2 Days | New York
– 1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall

Series A, B, C: Marketing KPIs to convince a VC you’re ready to raise
Jun 6 | Online Event
– Online event on marketing KPIs. Fine tune your pitch and be ready for that next capital raise


InsureTerms by Locke Lord

2024 Insurtech Competition Winners

Our partners over at Locke Lord LLP will be helping to inform the community, by creating a glossary of terms used in the Insurance industry.

SAP – Insurance statutory accounting principles for insurance companies which are codified… read more


InsurTech NY Sponsors

Thank you to sponsors of our recent InsurTech Spring Conference.

Insurtech Spring Conference Sponsors - Feb 2024

If you are interested in sponsoring our events? Make a request here


InsurTech East Coast Deals, Partner Events, and Open Roles

Discover a curated mix of InsurTech financings, exits, partnerships, opportunities, and partner events on the East Coast.

InsurTech News and Deals

  • NovaData Solutions Inc. ($2M, Activate Venture Partners): AI-powered restoration invoice analysis platform
  • Sertis (MGA) ($3.2M, JLL Spark): MGA using a fully digital property management platform
  • CrashBay ($1.25M, Markd): Digital marketplace for car repair, connects insurers to owners and shops

Partner Events and Programs

  • Insurtech Insights (June 5-6) – subscribers can save 30% with code INSURTECHNY24
  • RevTech Labs – Fintech + Insurtech Generations (Jun 12-13)
  • Scout InsurTech (Jun 17)
  • On Ramp Insurance (Jun 18-19)
  • NY DFS Exchange (Jun 30)

See more information about our partner events here: https://www.insurtechny.com/upcoming-insurtech-conferences/


Jobs In Carrier/Broker Innovation and Venture Teams

Anansi – Strategic Account Manager
Tokio Marine Group – Manager, Vulnerability Management and Testing- Remote
Gallagher – Client Service Positions
Lockton – Personal Risk (High Net-Worth) Sales Executive

See more information and apply via our blog: https://www.insurtechny.com/jobs


Best,
David and Tony,
InsurTech NY Team

Share

Newsletter Signup

Sign up today and be at the forefront of the insurance transformation. Together, we’re not just keeping up with the future; we’re making it.