Lemonade has raised $60 million to date with the thesis that insurance companies can cut costs and automate more of their processes if they can somehow incentivize users to act less selfishly and commit less fraud. Traditionally insurance companies take the spread between premiums and claims as profit, but Lemonade aims to donate unclaimed premiums to charity once a year in a… Read More on Tech Crunch
The Lemonade insurance social experiment results in $53K donation in year one
About the Author: Gizmo News
Gizmo News brings you the latest buzz about Gizmos, Gadgets and Tech Gifts. If you want to keep up just check Gizmo News.