The expansion comes more than two years after the initial launch in Illinois. The report follows on from the news that Lemonade has surpassed the ‘two million active customers’ milestone.
A recent statement filed with the Securities and Exchange Commission (SEC) also noted that Shai Wininger has resumed the role of president, while Daniel Schreiber has returned to his former position as CEO. The decision was made by the company’s board of directors on December 18th, following the expressed preference of Wininger and Schreiber to revert to the positions they previously held within the company.
In November 2023, Lemonade made the headlines again as it joined forces with Root, Branch, ClearCover and others to an advocacy group called InsurTech Coalition that aims to shape the industry’s future by fostering responsible innovation, new regulatory frameworks and promoting accountability.
According to data from 2022, Washington does not rank among the top ten states in terms of premiums, contributing only 2% to the company’s total US written premiums. Lemonade has reported US$7.1 million in written premiums for its car insurance product as of September 2023.
Author: Joanna England
