Lemonade News

Reinsurers Invest in Fintech Startups to Diversify and Grow in Soft Market

When Micah Carr-Hill wanted to insure Chief, the Labrador that helps with his son’s autism therapy, he found an ally in Munich Re, the world’s biggest reinsurer. The German company had just teamed up with a U.K. internet startup to …

Lemonade Launches in New Jersey, Marks Fourth State in National Expansion

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, is now available throughout New Jersey, marking the fourth state in its nationwide expansion strategy. Residents of New Jersey can now buy homeowners and renters insurance at lemonade.com or …

Q2 Insurtech Funding Rises to $1B: Willis Towers Watson/CB Insights Report

Insurtech funding volume hovered close to $1 billion in the 2017 second quarter, a result nearly 150 percent larger than the same period a year ago, according to a quarterly report on the sector from Willis Towers Watson and CB …

Zurich Insurance Deploys Robots for Personal Injury Claims Handling

Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims handling … and saved 40,000 work hours, while speeding …

Investments in Insurtech Expected to ‘Keep Booming’ in 2017: KPMG Report

Investor interest in insurtech is expected “to remain hot across all regions of the world” during 2017, following strong growth in 2016, according to a report published by KPMG. In the coming year, most insurtech investments likely will focus on …

Startup Insurer Lemonade Is Going National; Files for Licenses Countrywide

Insurance startup Lemonade is eyeing a national expansion and has filed for licenses to operate in 46 states and the District of Columbia. The peer-to-peer insurer that is focused on renters and homeowners insurance is pursuing the broader regulatory approval …

2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2

Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde & Co. Clyde & Co.’s insurance team …

Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion

Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round of funding. The latest round was led by General Catalyst with participation from GV (formerly Google Ventures), Thrive Capital and …

Lemonade Appoints Latza as Chief Compliance Officer in New York

Lemonade, a newly licensed insurance company for homeowners and renters, appointed William D. Latza as its chief compliance officer and general counsel. Latza joins Lemonade after spending 25 years as partner at Stroock & Stroock & Lavan LLP, where he …

Liberty Mutual’s Peters Joins Startup Lemonade as Chief Underwriting Officer

Lemonade, the new peer-to-peer insurance company that opened for business last month, has named John Peters as its chief underwriting officer. At Lemonade, Peters will be responsible for insurance product terms and conditions, pricing levels, risk and concentration management, and …