J.D. Power: Lemonade's recipe for stratospheric growth has left a bitter taste in the mouths of some insurance customers. J.D. Power: Lemonade's recipe for stratospheric growth has left a bitter taste in the mouths of some insurance customers.

Lemonade, the New York City-based InsurTech, made a splash in the insurance industry this year, first becoming the best IPO debut of the year after gaining 140% on its first day of trading in July, and now earning the top spot among renters insurance providers in J.D. Power's annual U.S. Home Insurance Study in its first year of eligibility.

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