Lemonade News
Executives on the Move at Lemonade, Liberty Mutual
Lemonade has appointed former N.Y. insurance regulator Scott Fischer as its first head of Government Relations. He will provide strategic counsel regarding laws and regulations impacting the company ...
InsurTech in the Public Markets: Lessons From the Rush That Put Them in Hot Water
For the last eight years, InsurTech has had an incredible run. Capital has poured into privately-held companies tackling opportunities across the industry. Every quarter seemed to attract more and ...
Lemonade Execs Expect ‘Peak Losses’ in 2022
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 ...
Metromile Receives Stockholder Approval of Merger With Lemonade
Metromile, a digital insurance platform and pay-per-mile auto insurer, announced that its stockholders approved a proposal to adopt the merger agreement entered into with Lemonade Inc. to acquire ...
Regulators Can Learn AI; New InsurTech Groups Will Help
It was the mid-1990s. Karen Clark's Applied Insurance Research and Hemant Shah's Risk Management Software were InsurTechs in their early stages of development—before the term for insurance ...
Veteran USAA Exec Burgess Joining Lemonade as New Chief Claims Officer
Digital insurer Lemonade has hired a former USAA executive to be its new chief claims officer. Sean Burgess was previously chief claims officer at USAA, and worked more than 25 years at the company, ...
AXIS Joins Carriers’ Increasing Embrace of Pet Insurance
AXIS Insurance has become the latest carrier to enter the pet insurance market. The Bermuda-based specialty insurer, a business segment of AXIS Capital Holdings, Ltd., joins the pet insurance market ...
Investor Ire Over Lemonade’s Metromile Deal Overshadowed Generally Encouraging Q3 Results
Lemonade's decision to acquire struggling pay-per-mile auto insurer Metromile, along with a loss ratio that spiked higher, initially drowned out news of otherwise encouraging results from the ...