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Lemonade has adopted the ZestyAI platform to further optimize underwriting for key catastrophe perils in the US.
Lemonade estimates that the impact of the CA wildfires on its Q1 2025 results will result in ~$45 million in gross losses.
If approved, these changes are expected to take effect on April 16, 2025, for new business and May 16, 2025, for renewals.
The submitted filing includes certain discounts.