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  #41  
Old 02-29-2016, 03:54 PM
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ElDucky ElDucky is offline
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Maybe they want lying to make it easier to deny claims, which is their main focus!
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  #42  
Old 02-29-2016, 03:57 PM
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it is hard to say which is lying. the reported miles are different based on where the attestation appeared. who is to say which is more accurate? and if the bias of the answers have been consistent over time I agree that there is no reason to change anything - the measure is working fine.
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  #43  
Old 09-21-2016, 09:00 AM
NAMAK NAMAK is online now
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https://techcrunch.com/2016/09/21/le...-do-insurance/

this should be interesting...... I imagine they get a ton of premium.... and losses!!
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  #44  
Old 09-21-2016, 09:56 AM
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Hm, so they plan to write off underwriting profit? I wonder how those RBC ratios are gonna look after year 1.
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  #45  
Old 09-21-2016, 09:57 AM
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At Lemonade, the hypothesis is that policyholders are less likely to make fraudulent claims if they know their money is going to be paid out to a charity that they’ve selected themselves.
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  #46  
Old 09-21-2016, 09:59 AM
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But thanks to guaranty funds, may as well get your homeowners cheap for a year or three
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  #47  
Old 09-21-2016, 10:01 AM
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Hm, so they plan to write off underwriting profit? I wonder how those RBC ratios are gonna look after year 1.
Oh wait, NVM.

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And itís making its money in a pretty traditional way ó by taking a 20% cut of all of the money paid into policies.
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  #48  
Old 09-21-2016, 10:19 AM
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Originally Posted by therealsylvos View Post
My response as well. Just defraud the company for a new roof and donate $50 to habitat for humanity. Clear conscience.
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You should learn to communicate in a serious manner before you expect a serious answer.
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Force of habit, 2pac's been typing "88" a LOT since Trump got elected.
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You ought to see the bush. It's impressive.
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10:53 pm: some ppl dont take advices well
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if you'd like I can come visit and dress up like a girl and get in some fights
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i think everyone needs to do this type of thing to get a dose of reality and straighten people up. it's kinda like going to the mountains and becoming a monk except it's with hundreds of potatoes and a lot of stoners with tattoos in a kitchen
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  #49  
Old 09-21-2016, 11:07 AM
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Each year, any money leftover from the insurance policy (called the “underwriting profit” in industry terms) is donated to a cause during what Lemonade calls its annual “giveback” period.
Quote:
And it’s making its money in a pretty traditional way — by taking a 20% cut of all of the money paid into policies.
If they are making any money off of the 20% cut, it is by definition, part of the underwriting profit. It seems that they've conveniently redefined the terms to exclude the profit they plan to make.

The alternative is that they are taking a 20% commission and not assuming any of the risks of loss... but then they wouldn't be able to guarantee that any of the "underwriting profit" gets donated to charities.

And there already is a mechanism to return profit to the consumers...it's called policyholder dividends.
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  #50  
Old 09-21-2016, 11:14 AM
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Originally Posted by examsarehard View Post
If they are making any money off of the 20% cut, it is by definition, part of the underwriting profit. It seems that they've conveniently redefined the terms to exclude the profit they plan to make.

The alternative is that they are taking a 20% commission and not assuming any of the risks of loss... but then they wouldn't be able to guarantee that any of the "underwriting profit" gets donated to charities.

And there already is a mechanism to return profit to the consumers...it's called policyholder dividends.
shh. you'll blow up their spot.
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You should learn to communicate in a serious manner before you expect a serious answer.
Spoiler:
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Originally Posted by Kangaz wit Attitude View Post
Force of habit, 2pac's been typing "88" a LOT since Trump got elected.
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Originally Posted by JMO View Post
You ought to see the bush. It's impressive.
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Originally Posted by Pikachu
10:53 pm: some ppl dont take advices well
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Originally Posted by mayo fan
9:45 pm: ao fan would be hot covered in mayo!
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Originally Posted by Snikelfritz
if you'd like I can come visit and dress up like a girl and get in some fights
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Originally Posted by Kaner3339 View Post
i think everyone needs to do this type of thing to get a dose of reality and straighten people up. it's kinda like going to the mountains and becoming a monk except it's with hundreds of potatoes and a lot of stoners with tattoos in a kitchen
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