Omnichannel stockholders and other interested persons may obtain, without charge, more detailed information regarding the directors and executive officers of Omnichannel Acquisition Corp. and their ownership of Omnichannels securities in Omnichannels final prospectus relating to its initial public offering, which was filed with the SEC on November 23, 2020 and is available free of charge at the SECs website at www.sec.gov, or by written request to: Christine Pantoya, Chief Financial Officer, Omnichannel Acquisition Corp., 485 Springfield Avenue #8, Summit, New Jersey 07901. opens in new window, Kin again recognized as a "Best Place to Work" by Built In As a result, Kin has an opportunity to reinvent and lead the massive homeowners insurance marketplace. Kins proprietary technology enables customers to insure their homes in minutes online, bringing convenience to a historically manual process. opens in new window, Forbes: In hyper-growth mode? We want to hear from you. It is unclear how rate increases affect retention. A portion of the funding will be investedin building out Kins product offerings as well as growing its product into more markets. opens in new window, Forbes: 10 startups leading the way in customer experience Heres what I learned, Bankrate: Factors that impact your home insurance rate, Kiplinger: How to protect your home from natural disasters, GoBankingRates: How to buy a house without a realtor, Insurance Journal: Kin Insurance launches landlord insurance in Florida market, Forbes: 11 strategies for praising employee work (without causing team resentment), Built In: 26 insurtech companies making coverage simpler, Forbes: Want to build a superteam? opens in new window, Insurtech startup Kin Insurance raises $47M to launch carrier in Florida Kin Interinsurance Network, our Florida home insurance carrier, has a principal office in St. Petersburg, Florida, and our NAIC number is 16603. The company crunches thousands of data points that it says allows for more accurate pricing and better underwriting results. The call may be accessed by dialing (877) 407-4018 for domestic callers or (201) 689-8471 for international callers. In fact, most of you have hundreds of years of history building solid profitable relationships. opens in new window, Property Casualty 360: Climate change is measurable and manageable A month after canceling its SPAC deal, Chicago startup Kin Insurance is raising new funding as it prepares to bring its home insurance product to more states. opens in new window, Kin Insurance surpasses $70M in gross written premium in second quarter, increasing 204% year-to-date Kin Insurance Plans to Go Public Through $1.03B SPAC Merger, Natures Fynd Raises $350M to Bring Its Meatless Food to Market. Got a confidential news tip? Future customer needs such as making a policy change or filing a claim are similarly automated and convenient. Kin Insurance and Omnichannel Acquisition Corp., a publicly traded special purpose acquisition company, announced that they have mutually agreed to terminate their previously announced agreement and plan of merger as a result of "current unfavorable market conditions." "We worked tirelessly over the better part of a year to bring this combination to . Any financial and capitalization information or projections in this communication are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond Omnichannels and Kins control. opens in new window, Crain's Chicago Business: Insurer Kin lines up $145 million in credit opens in new window, Kin Insurance expands into California to serve homeowners statewide opens in new window, Carrier Management: Kin Insurance upgrades reinsurance program to beef up disaster protection capacity opens in new window, Forbes: How to level up as a founder USA Today: Which tech investments can weather volatile markets best? opens in new window, American Inno: 12 biggest Chicago startup fundings of 2019 opens in new window, Kin, the only pure-play direct-to-consumer home insurance technology company, to go public It is more than ripe for an innovative alternative, and that is exactly why we created Kin to provide customers with a better home insurance offering, better pricing and an overall better experience, said Kin Co-founder and CEO Sean Harper. Golf's Greatest Holes: Golfing legend Paul McGinley takes television presenter Chris Hollins on a tour of the best golf courses in Ireland and Northern Ireland. Focus on the claims experience by responding proactively and in real time through SMS, messaging, and other means. Kin Insurance, a Chicago home insurance startup, is canceling its previously announced SPAC deal that would have valued the company at more than $1 billion. opens in new window, University of Chicago: Kin Insurance to go public expand nationally with aim to save homeowners time and money opens in new window, VentureBeat: 5 startup trends that shaped the Midwest in 2018 opens in new window, FinTech Global named Kin Insurance among "Insurtech 100" in 2019 opens in new window, TechCrunch: Insurtech startups are leveraging rapid growth to raise big money In fact, they claim to use over 10,000 data points to generate the quote in real time. articles a month for anyone to read, even non-subscribers! opens in new window, Crains Chicago Business: Insurance startup Kin raises another $35 million opens in new window, Insurance Journal: Kin Insurance launches landlord insurance in Florida market Kin is the only pure-play direct-to-consumer digital insurer focused on the complex and growing $100+ billion homeowners insurance market. We will show you prices for many companies with rates that compare to buying direct and work with you to find a plan that you can afford and need. Citigroup Global Markets Inc. is acting as capital markets advisor to Omnichannel, and Winston & Strawn LLP is acting as its legal counsel. opens in new window, Kin Insurance sees growth accelerate at the start of fourth quarter, while adjusted loss ratio improves opens in new window, Insurance Business America: CEO turns back to private markets after reverse merger derailment opens in new window, Kin named one of Fast Company's "10 Most Innovative Finance Companies" of 2020 opens in new window, Bloomberg: Kin Insurance to go public via Matt Higgins SPAC deal opens in new window, Forbes: How to adapt when your industry is facing disruption opens in new window, Forbes: May the best ideas win opens in new window, Business Observer: Insurtech startup brings fresh perspectives to market In a deal that would value the start-up at more than $1bn, Kin could become the latest InsurTech to pass the unicorn threshold opens in new window, Kin Insurance provides Hurricane Ian update opens in new window, Benzinga: This fintech company could have the staying power weve been waiting for Car, Buy Important Information for Investors and Stockholders. opens in new window, Bankrate: Factors that impact your home insurance rate Omnichannel, Kin and their respective directors and executive officers may be deemed participants in the solicitation of proxies of Omnichannel stockholders with respect to the proposed Business Combination. Kin's proprietary technology enables customers to insure their homes in minutes online, bringing convenience to a historically manual process. Relateds Stephen Ross, Jeff Blau are participating in PIPE, Pro basketball player Draymond Green is a Kin investor. The business combination reflects an estimated implied pro forma enterprise value at closing of $1.03 billion, assuming no redemptions by Omnichannels public stockholders. Kin does not collect premiums for its third party agent business and has used third party carrier commission statements to estimate the total premiums produced. January 27, 2022, 10:59am CST. opens in new window, Forbes: Which insurtech distribution model gets it right? Picks, CE100 The agreement. Transaction includes commitment for $80 million PIPE led by HSCM Bermuda and Senator Investment Group, with participation from Gillson Capital, Park West Asset Management and other institutional investors, New strategic investors include Joe Plumeri, former chairman and CEO, Willis Group Holdings; Stephen Ross, Jeff Blau and Bruce Beal of related companies, the most prominent privately-owned real estate firm in the United States; and Gary Vaynerchuk, CEO of VaynerMedia, Previous Series C investors include NBA all-star Draymond Green and four-time major champion golf pro Rory McIlroy; noth back Kin to raise brand profile across the country. opens in new window, Forbes: The smartest thing a leader can do? We are excited to enter the public markets with Matt Higgins and the incredible team at Omnichannel, who have a proven track record of building enduring direct-to-consumer brands, making them the perfect complement for Kin. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of Omnichannels Annual Report on Form 10-K, and other documents filed by Omnichannel from time to time with the SEC and the registration statement on Form S-4 and proxy statement/prospectus discussed above. Dive, Become opens in new window, Benzinga: EXCLUSIVE: Kin Insurance's CEO on the competition, national expansion plans, DTC advantage opens in new window, Kin gives Floridians new insurance discounts following passage of assignment of benefits bill The Insurance world is seen by these investors as sleepy and ripe for disruption. Get our latest stories curated just for you. Now the future belongs to frictionless commerce, and the homeowners insurance industry is lagging way behind. Insurance technology (InsurTech) company Kin is merging with the special purpose acquisition company (SPAC) Omnichannel Acquisition Corp. to go public on the NYSE under the ticker symbol KI. The combined entity will be called Kin Insurance and will be valued at an estimated $1.03 billion. Access to affordable home insurance is challenging in regions that are impacted by climate change and severe weather; at Kin, our proprietary technology and deep data advantage enables us to best evaluate risk and price home insurance fairly for consumers. Kins SPAC merger will provide the company with an additional $242 million in fresh capital. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region. This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Pay Later, Cross-Border opens in new window, Benzinga: Gary Vaynerchuk, Matt Higgins SPAC OCA strikes deal for homeowner insurance company Kin: What investors should know Topics, Editors opens in new window, USA Today: The tech bubble has burst, experts say, but you might be able to pick up some discounts opens in new window, Forbes: How data allows you to create tailor-made customer experiences Kin and . The residential property market cannot function without homeowners insurance, because insurance is required by most mortgage lenders. Medium Please visit Kins investor relations website investor.kin.com to access the webcast. That right there is 98%. Your email address will not be published. We know that the insurance consumer has become very price sensitive. Sign up to start afree trial today. Kin grows total written premium by 230% year-over-year, Kin Insurance exceeds 2021 goal for total managed premium, , Cinch Home Services partners with insurance industry , Displaying post Kin Insurance CEO Sean Harper The stock market's swoon has ended a Chicago tech company's SPAC IPO plans. opens in new window, Money: I fought an insurance company in a slip-and-fall case. He cited his teams expertise with customer acquisition -- such as with the use of micro-influencers -- as a mechanism to accelerate growth at Kin, which benefited from increased e-commerce adoption throughout the pandemic. Your email address will not be published. opens in new window, Kin Insurance closes $35M Series B to fuel industry disruption Investors and security holders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Omnichannel through the website maintained by the SEC at www.sec.gov. opens in new window, Chicago Crains Business: Insurance startup Kin raises $69 Million with investment from PGA Pro The pandemic compressed years of ecommerce adoption and upended industries overnight. opens in new window, Kin secures $145M in debt financing to fuel continued growth A PYMNTS study, New Payments Options: Why Consumers Are Trying Digital Wallets finds that 52% of US consumers tried out a new payment method in 2022, with many choosing to give digital wallets a try for the first time. 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