Lemonade Insurance Company announced today that its tech-driven homeowners' and renters' insurance is now available in California — just two days after the Golden State's Department of Insurance publicly welcomed Slice and its on-demand, short-term insurance coverage to its carrier pool.
With InsurTech companies disrupting various corners of the insurance industry, Lemonade, along with its digital and mobile storefront fueled by artificial intelligence and behavioral economics, has been on the lips of executives from Wall Street to Main Street.
California is the third state, behind New York and Illinois, in Lemonade's nationwide expansion, which the company expects to complete "in a matter of months."
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Elana Ashanti Jefferson
Elana Ashanti Jefferson is ALM PropertyCasualty360's Editor in Chief. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
