Lemonade has entered a deal to acquire Metromile, the insurtechs announced late Monday.
Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares at a ratio of 19:1.
Metromile has been refining its
"[Metromile] have been down this road already, and their proprietary data and machine learning algorithms can transform Lemonade Car by collapsing time, flattening risk, and increasing efficiency," Lemonade CEO Daniel Schreiber said in a blog post.
A new study from CCC examines key factors affecting customer satisfaction.
Some best practices and use cases for insurance agents as they consider adopting artificial intelligence.
California authorities issued their latest moratorium against non-renewal of residential property insurance after wildfires in Ventura County. It's the eighth this year and 34th since 2019. The state's insurance commissioner authored a law while a state senator to make these moratoriums automatic after a state of emergency.
A new industry trends report highlights plans for innovation and how implementation could reshape the insurance ecosystem.
The most expensive injury in food service is a fracture, with an average cost per claim of $22,837.
The insurer, which offers cyber breach coverage, is helping policyholders close the gap between great concern and lack of response capability.
