Latest Lemonade Insurance Headlines
All the headlines from our Lemonade Insurance Topic Page, ordered by recency.
Lemonade Now Offering Its Pet Insurance in Massachusetts
Feb 15 2022 // Digital insurer Lemonade has expanded its pet insurance into the state of Massachusetts, marking the 37th state where it’s available. The pet policies cover dogs or cats. According to the insurer, Massachusetts has...
Metromile Shareholders Approve Acquisition by Lemonade
Feb 2 2022 // Metromile said its stockholders have approved its acquisition by digital insurer Lemonade. The transaction is expected to close in the second quarter pending regulatory approval. The pay-per-mile auto insurance provider...
People Moves: Lemonade Names Burgess Chief Claims Officer; Newfront in California Adds Naranjo
Nov 29 2021 // Lemonade named Sean Burgess chief claims officer. Burgess will oversee the company’s key claims functions across the U.S. and EU. Burgess will be filling the role of Jim Hageman, Lemonade’s first hire in this...
People Moves: New Chief Claims Officers at Lemonade, IAT Insurance Group
Nov 24 2021 // Lemonade Appoints Burgess as Chief Claims Officer Lemonade, the insurance company powered by artificial intelligence, appointed Sean Burgess as chief claims officer. As part of this move, Burgess will be filling the role...
Lemonade to Acquire Auto Insurer Metromile in Merger of Insurtechs
Nov 9 2021 // Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported. With the agreement, the New...
Insurtech Lemonade Enters ‘Green’ Auto Insurance Business
Nov 3 2021 // Home, renters and pet insurer Lemonade is deploying its artificial intelligence, behavioral economics and social good mantra with its newest product, Lemonade Car. Lemonade Car is designed to offer better auto insurance...
Lemonade Revving Up to Enter Car Insurance Market
Apr 20 2021 // Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current renters, homeowners, pet and life insurance offerings in the U.S. The insurtech...
Lemonade Eyes Sale of 3 Million Shares in Secondary Offering
Jan 15 2021 // Digital insurer Lemonade has announced plans to sell 3 million shares of common stock to raise money for “general corporate purposes.” The New York-based insurtech could raise as much as $808 million, according...
After Year’s Best IPO, Lemonade Insider Selling Lockup Expiration May Pressure Stock
Dec 28 2020 // The best-performing listing of 2020 is poised to enter the new year with extra volatility after insider selling restrictions expire this week. Insurance provider Lemonade Inc. is trading more than 350% above its July 1...
Lemonade Launches in France in Its Third European Country
Dec 9 2020 // Lemonade, the New York City-based insurance company powered by artificial intelligence and behavioral economics, has launched in France. The launch marks the third EU country Lemonade has entered, following the...
Home, Pet Insurer Lemonade Bypasses Auto in Favor of Life… for Now
Nov 13 2020 // 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 this week. During an investor conference...
Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade
Sep 24 2020 // Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google’s independent growth fund, led the...
Lemonade Cites Progress Despite Loss in Its First Public Earnings Report
Aug 21 2020 // Lemonade, an insurtech selling home, renters and now pet insurance, lost money in its 2020 second quarter, according to its first earnings disclosure as a public company. That’s not a surprise, as the strategy for...
Update: Online Insurer Lemonade Raises $319M During U.S. Stock Market Debut
Jul 2 2020 // Lemonade Inc., the online home insurance provider backed by SoftBank Group Corp., jumped as much as 86% after raising $319 million in its U.S. initial public offering. [inline-ad-1] Shares of the company opened at $50.06...
Insurance Startup Lemonade Increases Target Price Range for IPO
Jul 1 2020 // SoftBank Group Corp.-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization of $1.54 billion. The...
Insurer Lemonade Seeks to Raise $286 Million in IPO
Jun 25 2020 // Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after...
Lemonade Files Planned IPO Worth Up to $100M
Jun 9 2020 // Home and renters insurer Lemonade disclosed plans for an initial public offering worth as much as $100 million. The New York-based insurtech has applied to use “LMND” as its ticker symbol for the New York Stock...
Lemonade Launches in Its 2nd European Country: The Netherlands
Apr 2 2020 // Lemonade, the New York-based insurer that is powered by artificial intelligence, has launched in a second European country – the Netherlands. Dutch consumers can now get contents and liability insurance instantly,...
Lemonade Starts Fund to Encourage Socially Positive Use of AI, Data and Technology
Mar 5 2020 // Digital insurer Lemonade has established a nonprofit foundation designed to promote the use of AI, data and software to build socially positive products and programs globally. Dubbed The Lemonade Foundation, the...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair
Feb 14 2020 // As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known...
