Latest Lemonade Insurance Headlines
All the headlines from our Lemonade Insurance Topic Page, ordered by recency.
Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress
May 1 2024 // Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company’s history. The net income loss for the first three months of...
Markets/Coverages: Lemonade Launches Homeowners Insurance in France
Apr 9 2024 // Lemonade, the New York-based insurtech, announced the launch of homeowners insurance in France in partnership with BNP Paribas Cardif. Millions of occupying homeowners can now purchase extensive coverage for their home and...
Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’
Feb 29 2024 // Insurtech Lemonade reported a fourth quarter 2023 net loss of $42.4 million and a net loss of about $237 million for the full year but its chief executive said the company has seen “dramatic progress.” Results...
Florida Suit Over Charged Lemonade Death Puts New Focus on Energy Drink Safety
Dec 28 2023 // Panera Bread Co. must face a lawsuit over a death allegedly linked to its new line of “charged” lemonades, which have thrust the company into the spotlight and brought a renewed focus on the safety of...
Florida Family Sues Panera Bread Over Caffeinated Lemonade After Man’s Death
Dec 7 2023 // FLEMING ISLAND, Fla. (AP) –The family of a 46-year-old Florida man has filed a wrongful death and negligence lawsuit against one of the biggest fast-casual restaurant chains in the U.S., claiming Panera Bread...
Lemonade Expects to Be in the Black Within Three Years
Nov 3 2023 // 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 situation, in fact, will...
Lemonade Posts Q2 Loss of $67.2M, Reviews Homeowners Book
Aug 3 2023 // Artificial intelligence-powered insurer Lemonade recorded a net loss of $67.2 million for the second quarter compared with a net loss of $67.9 million a year ago during the same period. Catastrophes, specifically severe...
‘Synthetic’ Agents? Lemonade Says Finance Deal Limits Cash Burn
Jul 5 2023 // Late last week, Lemonade announced a financial agreement to borrow 80% of the costs it incurs to acquire insurance customers from a venture firm. The insurtech carrier revealed the deal in a media statement and several...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Feb 23 2023 // Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. “So long as these mismatched pockets...
Lemonade Records Net Loss, Top and Bottom Line Growth
Nov 18 2022 // Insurtech Lemonade booked a third-quarter net loss of $91.4 million compared with a net loss of $66.4 million during the same quarter last year, but in a letter to shareholders, the company said both top and bottom lines...
Insurtech Lemonade Launches in UK
Oct 3 2022 // Lemonade, the New York City-based insurtech that is powered by artificial intelligence, has launched in the United Kingdom, following previous international moves in France, Germany, and the Netherlands. Founded in 2015,...
Lemonade Records Another Q2 Loss, Changes Pace For Profitability
Aug 9 2022 // Insurtech Lemonade said it booked a second quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year, but in a letter to shareholders the company said returns will soon...
How Different is Lemonade?
Aug 9 2022 // Remember when Lemonade made a big splash, telling us that they were going to shake the whole insurance world and disrupt everything? Since they are in the news right now, I thought today’s a good day to check back in...
EIS Acquires California-based Enterprise Business Solutions from Lemonade
Aug 4 2022 // EIS, a system and digital insurance platform provider, has acquired San Francisco, California-based Metromile’s Enterprise Business Solutions, a SaaS-based claims automation and fraud detection system from...
Lemonade Lays Off Some Metromile Employees Immediately
Aug 1 2022 // Immediately after Lemonade closed its deal of Metromile July 28, job boards lit up with news of layoffs at the acquired company. Former Metromile employees have been posting the news on LinkedIn, with others offering...
Lemonade Closes Deal for Auto Insurer Metromile
Jul 28 2022 // Digital insurer Lemonade said it has closed of the acquisition of pay-per-mile car insurance provider Metromile in an all-stock transaction. Metromile shareholders received 7.3 million Lemonade shares, while Lemonade...
People Moves: Liberty Mutual Promotes Foley, Ughetta; Ex-Regulator Joins Lemonade
Jun 16 2022 // Liberty Mutual Name Foley, Ughetta to New Posts Liberty Mutual Insurance announced that Melanie Foley has been named executive vice president and chief administration officer, effective July 2022. Foley previously served...
Lemonade Expands Auto Insurance to Ohio
Jun 15 2022 // Lemonade announced the launch of car insurance in Ohio, making the Buckeye State the third state to feature availability of Lemonade‘s newest environment-friendly product. The New York-based insurtech pledges to...
Lemonade, GIC, Orchid Expand Markets, Offerings in South
Mar 24 2022 // Lemonade Squeezes into Tennessee Auto Market Lemonade, an insurtech and property insurance company that has generated quite a bit of buzz – and questions – around the industry, announced it has launched auto insurance...
Lemonade Execs Expect ‘Peak Losses’ in 2022
Feb 25 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 that results will get...
