Lemonade Just Announced a New $300 Billion Growth Opportunity
Insurance disruptor Lemonade (NYSE: LMND) announced a major expansion of its business today. The company, which primarily sells renters, homeowners, and pet insurance, added term life insurance earlier this year. Now, Lemonade is expanding into auto insurance, which could be a huge growth driver over the next few years.
Lemonade announced that it plans to launch its Lemonade Car auto insurance platform by the end of the year, and early registration for interested customers is now live on the company's website.
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Source Fool.com
