“Lemonade is the only insurer that doesn’t make money by denying claims” Says who, I might ask? Nobody makes money by denying claims. Money is made by good underwriting and pricing. Any insurer which does not deny claims, when proper, is doomed. This Lemonade man is either a fool or another duplicitous Wall Street huckster. “Lemonade is the only insurer that doesn’t make money by denying claims” is sheer claptrap.
well if ego can get you off the ground, then I guess they are well positioned. Too bad they used up all this press before they can even sell a policy. And “worlds first P2P insurance platform” (as their website says), is just a lie.
“Lemonade is the only insurer that doesn’t make money by denying claims” Says who, I might ask? Nobody makes money by denying claims. Money is made by good underwriting and pricing. Any insurer which does not deny claims, when proper, is doomed. This Lemonade man is either a fool or another duplicitous Wall Street huckster. “Lemonade is the only insurer that doesn’t make money by denying claims” is sheer claptrap.
Making such a claim about profiting without denying claims is both denial and lame.
Yogi, something tells me that Lemonade will turn sour with former AIG people running it.
well if ego can get you off the ground, then I guess they are well positioned. Too bad they used up all this press before they can even sell a policy. And “worlds first P2P insurance platform” (as their website says), is just a lie.