4 ms·
Why not give the leftovers back to customers? There's incentive in that to be a lower risk client.
by neximo64 10y ago
Why not give the leftovers back to customers? There's incentive in that to be a lower risk client.
- croon 10y agoThey answered this in a Techcrunch article: [1] “Our initial application to the department was to give the money back to consumers. They were not going to do it as the laws are currently drafted,” said Daniel Schreiber. They also stated they're hoping/looking to change those laws. [1] https://techcrunch.com/2016/09/21/less-exciting-than-beyonces-album-but-potentially-more-rewarding-lemonade-launches-a-new-way-to-do-insurance/ https://techcrunch.com/2016/09/21/less-exciting-than-beyonce...
- sharkmerry 10y agoBut are the limited by the sole fact that they incorporated as a benefit corporation? Mutual insurance exists in New York, so this seems like they are misleading..