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Signals from Space: A Lemonade Transparency Chronicle
- phonon 8y agoMore Lemonade puffery-- "We tightened up underwriting, but oops, it lowered new sales." Welcome to insurance! Also suspicious that they are so confident of their expected losses/reserves for Q42018, despite significant wildfire exposure.
- yules 8y agoLemonade already knows their l/r for q4. Welcome to software!
- phonon 8y agoA. It says estimated for Q4. B. Umm, sure--"software" will magically determine their exact liabilities, before adjusters complete their reviews; much less any litigation that may occur. C. They've previously reported adverse loss development, making it more likely than not they under-reserve.