Lemonade is structuring

Lemonade, the world’s first P2P insurance carrier, announced its ‘insurance dream-team‘. Think 2 Ex-ACE and 2 Ex-AIG. Recall: NYC-based Lemonade recently raised $13 million from Sequoia Capital and is slated to launch in the first half of 2016.

Financials

Lemonade ends Q3 with $68 million loss

By Avi Ben-Hutta ·

In-force premium reached $889 million.

Product

APIC seeks 45% rate increase in California

By Shefi Ben-Hutta ·

The proposed rate adjustment would increase total written premiums by $31.4 million.

Strategy

Toyota Insurance partners with Lemonade

By Shefi Ben-Hutta ·

Toyota aims to cross-sell home and renters insurance.

Financials

Lemonade ends Q2 with $57 million loss

By Avi Ben-Hutta ·

Premium per customer stood at $387, 8% higher compared to Q2 2023.

Lemonade is structuring

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Lemonade ends Q3 with $68 million loss

APIC seeks 45% rate increase in California

Toyota Insurance partners with Lemonade

Lemonade ends Q2 with $57 million loss