Latest Lemonade Insurance Headlines
All the headlines from our Lemonade Insurance Topic Page, ordered by recency.
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...
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...
