Since our first report last year, Lemonade Insurance, a tech start-up that planned to offer peer-to-peer insurance products, has launched in four states, offering homeowners and renters insurance in New York, California, Illinois, and New Jersey. Lemonade’s cutting-edge use of technology and its alternative business model could prove disruptive to the insurance industry.
Continue Reading Industry May Sour Over Lemonade Insurance’s Sweet Formula
Lemonade
Lemonade, New Insurance Start-Up, Receives Backing From Berkshire and Lloyd’s
By Patrick M. McDermott on
Lemonade, a new insurance start-up that intends to offer peer-to-peer insurance in the US, received a recent boost when it announced that several well-known insurers, including Lloyd’s of London underwriters and Berkshire Hathaway’s National Indemnity Company, have signed up to provide reinsurance backing to the new venture.
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Continue Reading Lemonade, New Insurance Start-Up, Receives Backing From Berkshire and Lloyd’s