If you're like me, you probably don't enjoy dealing with your insurance company, especially when it comes to making a claim. The process can be inconvenient and time consuming, which adds extra stress to an already difficult event in your life. 

Insurance company Lemonade (NYSE: LMND) is using advanced technologies like artificial intelligence (AI) to reshape the industry -- from the way it interacts with customers to the way it prices premiums. 

The company just announced its financial results for the second quarter of 2023, and while it showed strong growth, investors sent its stock 21% lower immediately following the report. Lemonade stock is now trading 89% below its all-time high, but one Wall Street firm is betting it could more than double from here.

Continue reading

Source Fool.com