Lemonade Taps USAA Exec For Claims Lemonade, the startup insurer that is using smart-phone technology to challenge legacy carriers for market share, has hired the former chief claims officer for USAA. Lemonade appointed Sean Burgess as its chief claims officer. …
Lemonade, a five-year-old insurer that went public last year, generated an online uproar with a Twitter post that boasted about its AI-based fraud-detection skills, forcing the carrier to walk back its comments. Lemonade on Wednesday deleted a tweet that said …
Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375 million. Boston-based Duck Creek, which is …
For years, automobile insurers have used automatic dialogue devices, called chatbots, to field calls from policyholders when they report claims. Last year, personal insurance startup Lemonade took the technology up a notch, boasting that it was closing claims in seconds …
Lemonade Launches World’s First ‘Open Source’ Insurance Policy Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it has rewritten the generations-old insurance policy. The new insurance policy, called Policy 2.0, will be open for edits from …
Online home and rental insurer Lemonade has said it is limiting its coverage for gun owners as part of its commitment to “make insurance into a social good.” Citing the recent Las Vegas mass shooting, Lemonade CEO Daniel Schreiber blogged: …
Verisk Analytics to Acquire G2 Web Services Verisk Analytics, Inc., a data analytics provider, has signed a definitive agreement to acquire Wash.-based G2 Web Services, an industry-leading provider of merchant risk intelligence solutions for acquirers, commercial banks, and other payment …
Lemonade Moves Into California Lemonade, the insurance company powered by artificial intelligence and behavioral economics, is now available throughout the Golden State. Californians can now buy homeowners and renters insurance in seconds at lemonade.com, or through the Lemonade app, and …
Lemonade Expands into Illinois Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced it has been licensed as a full-stack insurance carrier by the State of Illinois. Renters in the state can now buy a Lemonade policy …
Recently, Lemonade reported a claim handling world record. The insurer reported a claim settlement speed record – 3 seconds and no paperwork. According to the insurer, a policyholder submitted a theft claim for a $979 Canada Goose Langford Parka on …