September 21, 2017 | FC&S Insurance
Airbnb and Insurance Coverage: Is It Up in the Air?Nine years. That’s how long it took for Airbnb to grow from a zero-dollar company to a $30 billion company. Few other businesses in American history…
By Allison Krupp
9 minute read
August 30, 2017 | The Legal Intelligencer
Airbnb and Insurance Coverage: Is It Up in the Air?Nine years. That's how long it took for Airbnb to grow from a zero-dollar company to a $30 billion company. Few other businesses in American history can boast such an impressive initial track record. Various forms of "disruptive technology"—like Airbnb—are changing the way we travel, drive, eat and live. Americans are no longer satisfied with the limited options provided by hotels, motels and traditional bed and breakfasts. Airbnb recognized this gap in the market and capitalized on it handsomely. While various other companies, including Expedia and Priceline, are racing to catch up, Airbnb remains the leading "home sharing" company. With that success, however, have come certain challenges that the government, judicial system and insurance companies are still struggling to identify and understand. One such challenge is how innovative concepts like Airbnb impact existing homeowners' insurance.
By Allison Krupp
17 minute read
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