Reported 3 months ago
Lemonade CEO Daniel Schreiber highlights the company's second quarter report, revealing a net loss of $0.81 per share yet an 8% growth in premiums year-over-year. Schreiber attributes the rise in insurance premiums to inflation, particularly in the auto sector and home repairs, rather than corporate greed. He notes significant cost increases for insurance companies following accidents or damage claims, which ultimately affects consumers.
Source: YAHOO