Latest Metromile Headlines
All the headlines from our Metromile Topic Page, ordered by recency.
Lemonade Lays Off Some Metromile Employees Immediately
Aug 1 2022 // Immediately after Lemonade closed its deal of Metromile July 28, job boards lit up with news of layoffs at the acquired company. Former Metromile employees have been posting the news on LinkedIn, with others offering...
Lemonade Closes Deal for Auto Insurer Metromile
Jul 28 2022 // Digital insurer Lemonade said it has closed of the acquisition of pay-per-mile car insurance provider Metromile in an all-stock transaction. Metromile shareholders received 7.3 million Lemonade shares, while Lemonade...
Lemonade Execs Expect ‘Peak Losses’ in 2022
Feb 25 2022 // With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios into the 90s—up 20 points over comparable 2020 periods—Lemonade guided shareholders that results will get...
Metromile Shareholders Approve Acquisition by Lemonade
Feb 2 2022 // Metromile said its stockholders have approved its acquisition by digital insurer Lemonade. The transaction is expected to close in the second quarter pending regulatory approval. The pay-per-mile auto insurance provider...
Lemonade to Acquire Auto Insurer Metromile in Merger of Insurtechs
Nov 9 2021 // Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported. With the agreement, the New...
Pay-Per-Mile Digital Insurer Metromile to Add More Independent Agents
Nov 1 2021 // By Andrew G. Simpson Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its use of independent agents to sell its insurance, and it has hired a Travelers...
Pay-Per-Mile Digital Insurer Metromile in Drive to Add Independent Agents
Oct 21 2021 // Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its use of independent agents to sell its insurance, and it has hired a Travelers Insurance executive to...
Metromile, Hippo Begin Offering Bundled Auto, Home Coverages in 8 States
May 19 2021 // Metromile and Hippo Insurance are partnering to offer home and auto insurance in a discounted bundled product. Drivers and homeowners will be able to purchase pay-per-mile auto insurance from Metromile and homeowners...
People Moves: Metromile Adds Capital One Exec; Spinnaker Names CEO From USAA; Carpenter’s Snyder Joins TigerRisk
May 18 2021 // Digital pay-per-mile auto insurer Metromile has hired a Capital One marketing veteran to help shepherd national growth. Troy Dye, who was with the credit card giant for 20 years, will have the title of senior vice...
Metromile in California Names Ro from AAA General Counsel
Mar 5 2021 // San Francisco, Calif.-based Metromile Inc. has named Junna Ro general counsel. Ro oversees a team of legal, regulatory and compliance professionals as a member of the leadership team. Ro has more than 15 years of...
Metromile to Begin New Life as Public Company as Reverse Merger Closes
Feb 9 2021 // Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a special purpose acquisition company (SPAC) is expected to close today. INSU Acquisition Corp. II,...
Uber Vet Invests $50M in Metromile as Insurer Readies Reverse Merger to Become Public
Feb 2 2021 // Auto insurer Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded...
Usage-Based Insurer Metromile to Become Public Company
Nov 24 2020 // Metromile Inc., the pay-per-mile auto insurer, has reached a deal to go public by merging with Insu Acquisition Corp. II (Insu II), a special purpose acquisition company (SPAC). The merger will result in Metromile becoming...
Pay-Per-Mile Car Insurer Metromile Signs Deal with Ford
Sep 3 2020 // Auto insurer Metromile said it is teaming up with Ford Motor Co. to provide owners of Ford vehicles with connectivity technology with personalized car insurance. Ford is Metromile’s first agreement with a major...
Usage-Based Insurance Pioneer Metromile Now Offering Its Technology as Claims Tool
Feb 20 2020 // Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced that...
Tokio Marine to License Metromile’s Connected Intelligence Platform
Aug 7 2018 // San Francisco, Calif.-based startup Metromile announced today that Tokio Marine Holdings Inc. has become the first insurance carrier to license Metromile’s Connected Intelligence Platform. Metromile in July announced...
Metromile Secures $90M in Financing Led by Tokio Marine, Others
Jul 24 2018 // San Francisco, Calif.-based startup Metromile Inc. on Tuesday announced $90 million in Series E funding co-led by leading insurance companies Tokio Marine Holdings and Intact Financial. The financing included participation...
JLT Re Packages Reinsurance Deal for Pay-Per-Mile Insurer Metromile
Sep 13 2017 // Pay-per-mile personal auto insurer Metromile announced a partnership with global reinsurance broker JLT Re for a risk transfer and unique reinsurance agreement. Hudson Bermuda led this reinsurance agreement which also...
Lending Club’s Dolan Joins Metromile in California as Chief Financial Officer
Jun 20 2017 // San Francisco, Calif.-based Metromile has named Carrie Dolan chief financial officer. Dolan is joining Metromile to help lead the company’s next phase of growth. Dolan most recently served as CFO of Lending Club, an...
Metromile: New App Resolves Some Claims in an Hour
Dec 15 2016 // Pay-per-mile auto insurer Metromile has announced a new automated claims service that allows customers to file a claim entirely from their mobile phone or online dashboard. The insurer says some claims can be resolved...
