Lemonade News
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 ...
Lemonade’s Metromile M&A Deal Could Presage More InsurTech Acquisitions to Come: S&P
Lemonade's plan to snatch up Metromile isn't necessarily a one-off InsurTech M&A deal. Many more in the sector are likely in the future, particularly with newly-public startups burdened by anemic ...
Beyond the Hype: How to Value InsurTechs
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 ...
InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insurance Growth Plans
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 ...
Lemonade Debuts Auto Insurance Cover, Initially in Illinois
Lemonade has formally entered the auto insurance markets, seven months after the New York-based digital insurer disclosed initial plans to do so. Illinois is the first market where customers can ...
Undaunted by Delta, Carriers and InsurTechs Proceed Cautiously With Hybrid Home/Office Work Plans
Delta may have damaged post-pandemic return-to-office plans for many industries. For insurers, it appears to be a different story. Large numbers of companies in many industries plotted a return to ...
Lemonade’s Latest Launch Protects Puppies and Kittens
InsurTech Lemonade is now offering a preventative care package designed specifically for dogs and cats under two years old. The new addition will be part of the company's Lemonade Pet insurance ...
Lemonade Customer Base Now Surpasses 1.2M; Q2 Losses Land Above $55M
Lemonade's customer base continues to climb in the 2021 second quarter, with that number now surpassing 1.2 million. In contrast, the New York-based digital insurer reported nearly 814,200 customers ...