2019 Disruptor 50: No. 37 Lemonade
Founders Daniel Schreiber and Shai Wininger created this business model to eliminate the conflict of interest between the insurer and the insured. It takes a flat fee from insurance applicants and donates, to a charity of the customer's choosing, any leftover money after claims have been paid. It charges renters a monthly subscription rate of $5 and homeowners a monthly rate of $25.
In late November the company announced it was making its first foray into Europe but didn't specify a timetable or which country it would enter first. Europe is home to AXA Worldwide and Allianz, the two largest insurers worldwide, and both are investors in Lemonade. So far, the company has raised $480 million, including a $300 million round in April from SoftBank, General Catalyst and Thrive Capital.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
37 years later, detectives ID woman slain in Lake Tahoe and the man who killed herUsing the same DNA technology that helped identify the Golden State Killer suspect, authorities were able to identify a former Jane Doe victim and the man they say raped and shot her to death.
Read more »
37 spotted seal pups rescued from China traffickers releasedBEIJING (AP) — Animal rights groups on Saturday cheered the release of 37 spotted seal pups rescued from traffickers into the wild in northern China in a small victory for efforts to save the...
Read more »
37 spotted seal pups rescued from China traffickers releasedAnimal groups have cheered the release of 37 spotted seal pups rescued from traffickers into the wild in northern China
Read more »
37 Of The Best Coloring Books You Can Get On AmazonGrab your crayons, it's go time.
Read more »
Duchess Meghan enters '4th trimester': What women should know about postpartum careWhat women should know about postpartum care as Meghan, Duchess of Sussex, enters the 'fourth trimester' after giving birth.
Read more »
McCollum helps Trail Blazers win series over NuggetsCJ McCollum scored 37 points, including a fadeaway jumper with 11.4 seconds left...
Read more »
Duchess Kate again shows that recycled clothes are not a fashion faux pasWearing a recycled polka dot dress to a D-Day exhibit, Duchess Kate shows again that recycled clothes are not a fashion faux pas.
Read more »