Lemonade, Inc. Announces Resignation of Jorge Espinel as Chief Business Development Officer
March 02, 2023 at 08:51 am EST
Share
Lemonade, Inc. announced that Jorge Espinel, a named executive officer of Lemonade, Inc. (the “Company”), resigned from his position as Chief Business Development Officer effective as of March 1, 2023 (the “Effective Date”). In connection with Mr. Espinel's resignation and in exchange for an agreement to a general release of all claims, the Company has extended the exercise period following the Effective Date for his previously vested stock options from 90 days to three years.
Lemonade, Inc. offers renters, homeowners, car, pet, and life insurance. The Company's full stack insurance carriers, powered by artificial intelligence, in the United States and the European Union replace brokers and bureaucracy with bots and machine learning. The Company's digital substrate enables it to integrate marketing and onboarding with underwriting and claims processing, collecting and deploying data. Its technology includes Data Advantage, AI Maya, AI Jim, CX.AI, Forensic Graph, Blender and Cooper. AI Maya, its onboarding and customer experience bot, uses natural language to guide customers in joining the Company. AI Jim, its claims bot, takes the first notice of loss from its customer making a claim, paying the claimant or declining the claim without human intervention. It offers pet insurance that covers diagnostics, procedures, medication, accidents or illness. Even its basic pet insurance offering covers blood tests, urinalysis, lab work, and computed tomography scans.
LEMONADE, INC. 
