The lawsuit alleges that Chelsea Flats was notified of a covered claim for the incident, but refused to file a claim with its own insurer. Instead, the condo board allegedly told Parson to file a claim with Lemonade, which went public with an IPO price of $29 per share in July 2020. It is trading about $111 now, giving the proptech firm a market cap of about $6.8 billion. Read the entire article……………………………….
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