Agreed. There is no way that a startup is capitalized enough to survive a payout. Their CEO and investors must be sweating bullets over the next few days, worrying if an earthquake hits closer to LA
I'm sure they're just reselling a real insurer's product with some marketing and a web 2.0 website. No way an undercapitalized startup is allowed to actually underwrite their own insurance contracts.
> Jumpstart is a surplus lines insurance broker working in full compliance with applicable insurance regulations. The insurance described here is effected with certain Underwriters at Lloyd's, London.