In March, Lemonade Insurance surpassed $1 billion in premiums just 8.5 years after selling its first policy. (Credit: piter2121/Adobe Stock)
Insurance firm Lemonade is alerting around 190,000 consumers that their driver’s license numbers were likely exposed after a technical malfunction, according to a report by Security Week.
Copies of the insurance carrier’s notification letter was submitted to regulators in several states and show that the incident involved an online application enabling individuals to obtain car insurance quotes and purchase policies, the report said.
“We have no evidence to suggest that your driver’s license number has been misused but we are providing this notice as a precaution to inform potentially affected individuals and share some steps you can take to help protect yourself,” the company’s notification letter reads.
According to Security Week, Lemonade Insurance will provide impacted individuals with 12 months of free credit monitoring and identity protection services.
Lemonade has also informed the Securities and Exchange Commission (SEC) of the malfunction, saying “Based on the company’s current knowledge of the facts and circumstances related to the incident, the company’s operations were not compromised, nor was Lemonade customer data targeted, and the company has determined that the incident is not material.”
Lemonade Insurance has not responded to inquiries on the matter from PropertyCasualty360.com.
In March, Lemonade Insurance surpassed $1 billion in premiums just 8.5 years after selling its first policy. The milestone reflects a compound annual growth rate of 150%.
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