How Different is Lemonade?
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
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. The company expects the acquisition of the EBS assets to expedite EIS’ entry …
Lemonade Lays Off Some Metromile Employees Immediately
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 potential opportunities. According to Blind, …
Lemonade Closes Deal for Auto Insurer Metromile
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 received a business with over $155 million in cash, over $110 …
People Moves: Liberty Mutual Promotes Foley, Ughetta; Ex-Regulator Joins Lemonade
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 as executive vice president and chief talent and enterprise …
Lemonade Expands Auto Insurance to Ohio
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 offer better rates and coverage for electric vehicles and hybrid …
Lemonade Execs Expect ‘Peak Losses’ in 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 worse in 2022. “2022 is expected to be our year of …
Lemonade Now Offering Its Pet Insurance in Massachusetts
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 seen an increase in pet ownership throughout …
Metromile Shareholders Approve Acquisition by Lemonade
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 said it held a meeting Feb. 1, and that the …
People Moves: Lemonade Names Burgess Chief Claims Officer; Newfront in California Adds Naranjo
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 role when founded six years ago. …
