Beyond Meat leader running officer used to be arrested in Arkansas over the weekend, after a bodily altercation in which he allegedly bit an individual’s nostril and threatened to kill him.
Doug Ramsey, 53 years outdated, of Fayetteville, Ark., used to be arrested Saturday evening and charged with terroristic threatening and third-degree battery, information from Arkansas’s Washington County display. He used to be launched the next morning on $11,085 bond, the information confirmed.
Disney Reaches Deal to Restore Its Channels on Dish Network
TV channels owned via Walt Disney are again on Dish Network satellite tv for pc broadcasting and streaming platforms after the 2 corporations reached a tentative settlement on a brand new contract.
The accord ends a weekend blackout that noticed hundreds of thousands of Dish consumers lose access to several popular Disney networks together with ESPN and ABC. Dish has 10 million subscribers national even if the corporate declined to say what number of have been suffering from the blackout.
Lemonade leans on Aviva to bring its next-gen insurance platform to the UK
New York-based insurance massive Lemonade is formally launching in the U.K., its fourth marketplace in Europe and 5th general, with a bit assist from one among the oldest and biggest insurance suppliers in the U.Okay.
Lemonade, for the uninitiated, emerged into the trillion-dollar insurance house again in 2015, with a brand new take on how customers will have to be ready to purchase insurance. Mobile-first, and AI-powered automation for registering and submitting claims used to be the call of the sport, as opposed to dusty previous agents and forms.
On best of that, the corporate has at all times been vocal about its ethics, positioning itself as the antithesis of a conventional insurance corporate — the corporate is a licensed B Corp, that means that it’s independently assessed for its social and environmental efficiency. Its marketing strategy necessarily comes to charging a suite rate, after which donating a few of its underwriting income to a charity as decided on via every buyer once they enroll.
But Lemonade remains to be very a lot a for-profit insurance juggernaut, having secured just about $500 million in investment as a startup, from big-name backers together with SoftBank, Alphabet’s GV, Sequoia Capital, and Allianz. The corporate hit the public markets in the midst of the pandemic two years in the past, and as with many digital-first cloud firms all through the lockdown years its stocks soared, with the corporate hitting a marketplace cap of greater than $10 billion at one level — greater than triple its early public valuation — ahead of falling back off to Earth with a crash. The corporate’s valuation lately is not up to $1.5 billion, reflecting a broader insurtech downturn that has hit a lot of companies hard.
Lemonade lands in the U.Okay.
And all this hullaballoo takes us to lately, the place Lemonade is now formally open for trade in the U.Okay., the place it’s going to marketplace with a relatively extra trimmed down providing when put next to what it provides in the U.S. Indeed, in its home marketplace, Lemonade provides insurance spanning contents (renters), householders, puppy, automobile, and existence, whilst in Germany, the Netherlands, and France the place it’s expanded into over the previous few years, it’s restricted to contents insurance.
For the U.Okay. marketplace, Lemonade is providing contents insurance beginning at £4 per thirty days, and contains world protection for private pieces of up to £2,000 in price every up to a complete price of £100,000. Customers pays further charges for added protection, equivalent to unintentional injury to cell units.
Although Lemonade is a fully-licensed insurance service in its personal proper, the corporate has shaped a strategic partnership with Aviva, one among the greatest basic insurers in the U.Okay. At first, this would possibly appear to be an abnormal coupling for the reason that they’re necessarily competition, however it does in truth make sense. Lemonade is the younger tech-driven upstart on the lookout for assist scaling in a profitable new marketplace, whilst Aviva is the $11 billion incumbent with roots working again greater than 300 years, in quest of to faucet a more youthful demographic. And the first end result of this partnership will see Aviva function Lemonade’s reinsurance spouse.
“We share a common outlook for how digital, AI and data can transform customer experiences, and the role insurers can play in building stronger communities,” stated Adam Winslow, CEO of Aviva UK and Ireland basic insurance, in a commentary. “In our 325 year history we have adapted and thrived in a changing world, and our partnership with Lemonade is a marker of our intent to continue just this.”
Economy Week Ahead: U.S. Jobs Market and Trade in Focus
New information will supply main points at the hard work marketplace’s well being and the U.S. industry deficit.
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