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Leading InsurTech startup flaunts philanthropic business model

Lemonade Insurance policyholders have selected 14 charitable organizations that will benefit from the company's 2017 Giveback campaign.

By Elana Ashanti Jefferson | Updated on July 12, 2017

Lemonade Insurance announced today that 14 charitable organizations, which were selected by policyholders, will become the beneficiaries of donations that together total 10% of the company’s revenues to date.

The startup’s “2017 Giveback” campaign is “something our entire community can be very proud of,” Lemonade CEO and cofounder Daniel Schreiber said in a press release. “While we’re small, and the absolute numbers are modest, Giveback should scale as we do. Think what our industry could achieve if others adopted the Giveback way.”

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Elana Ashanti Jefferson

Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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