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Lemonade was founded by Daniel Schreiber (former president of Powermat Technologies) and Shai Wininger (co-founder of Fiverr) in April 2015. [7] [8] Schreiber and Wininger were tech entrepreneurs with no insurance background. [4] In December 2015, the company secured $13 million in seed money from Sequoia Capital and Aleph. [7] [9]
On 8 November 2021, Lemonade, Inc. announced that it would fully acquire Metromile in an all-stock transaction which implies a fully diluted equity value of approximately $500 million, or around $200 million net of cash. [23] The acquisition completed on 28 July 2022. Following the acquisition, Lemonade laid off 20% of Metromile's staff. [24]
Qatar Insurance Group (QIC, QIC Group) is a Qatari insurance company, headquartered in Doha. [1] [2] QIC Group was listed 73rd on Forbes Middle East top 100 companies in 2022 [3] and 72nd on the Fortune 500 Arabia list for 2023. [4] QIC was established in 1964 as the first domestic insurance company in Qatar. [5]
How much does homeowners insurance cost? The average cost of homeowners insurance nationwide is $2,285 per year for a policy with a $300,000 dwelling limit. Homeowners insurance costs vary by ...
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