Insurance Post

Lemonade's three-second claim settlement raises fraud concerns, experts say

Lying fraud

As the UK insurance industry grapples with the task of making the claims process slicker, US start-up Lemonade has declared its ‘world record' claims settlement time of three seconds.

Following the insurer's announcement, those in the claims and fraud space have reacted with concern.

Some claims and fraud experts have said that paying a claim in three seconds will leave insurers

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