FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Lemonade Inc. Launches Lemonade Car as It Moves to Insure Cars”
Lemonade Inc. (NYSE: LMND) surged over 21% in premarket trading after the company unveiled its newest product – Lemonade Car, now available in Illinois and to be rolled out nationwide.
Lemonade Car is designed to offer better prices for safe and low-mileage drivers, as well as environment-friendly EVs and hybrid cars while the Lemonade app uses telematics to measure how much and how safe people drive.
Lemonade offers renters, homeowners, pet, car, and life insurance. Powered by artificial intelligence and social good, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, and France, and continues to expand globally.
For more information, please visit: Lemonade Inc.
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