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While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement, the InsurTech expects both situations to reverse by year-end 2026. The cash ...
Late last week, Lemonade announced a financial agreement to borrow 80 percent of the costs it incurs to acquire insurance customers from a venture firm. The InsurTech carrier revealed the deal in a ...
With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders ...
Why is it so hard for property/casualty insurance carrier professionals to accept the idea that InsurTechs are bringing value to the insurance industry—and changing it for the better? I have found ...
Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans. With the M&A agreement, the New ...
A handful of insurance industry executives signed a letter from hundreds of major companies, corporate leaders and celebrities released on Wednesday stating opposition to laws restricting voting ...
It takes a one-two punch to make insurance fair. I've previously argued that AI can vanquish bias in insurance, and so it can. But while machine learning can help ensure equality, it cannot ensure ...
Lemonade plans to start selling term life insurance in the next 90 days, adding to its current rental, homeowners and pet insurance offerings, the company said in an earnings report released late ...
For Lemonade, 2019 was a banner year. The InsurTech, which launched in New York in 2016, attracted a $300 million financing round, bringing its total cash haul to nearly half a billion dollars. The ...
Continuing a series in which we evaluate and discuss the financial performance and operating results of the InsurTech carrier trio of Lemonade, Root and Metromile, we find continued growth and ...
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