InsurTech companies such as Lemonade and Slice peddle zero policyholder paperwork and almost instantaneous service. Both companies launched their service in California this week. (Photo: iStock)

Lemonade Insurance Company announced today that its tech-driven homeowners’ and renters’ insurance is now available in California — just two days after the Golden State’s Department of Insurance publicly welcomed Slice and its on-demand, short-term insurance coverage to its carrier pool.

With InsurTech companies disrupting various corners of the insurance industry, Lemonade, along with its digital and mobile storefront fueled by artificial intelligence and behavioral economics, has been on the lips of executives from Wall Street to Main Street.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as Editor-in-Chief of ALM's PropertyCasualty360 Group. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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