Metromile News

Usage-Based Insurance Pioneer Metromile Now Offering Its Technology as Claims Tool

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 Holdings had deployed a …

Tokio Marine to License Metromile’s Connected Intelligence Platform

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 $90 million in Series E funding co-led by Tokio Marine and Intact …

JLT Re Packages Reinsurance Deal for Pay-Per-Mile Insurer Metromile

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 includes MAPFRE RE. Metromile said the agreement gives it additional …

Lending Club’s Dolan Joins Metromile in California as Chief Financial Officer

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 online credit marketplace connecting borrowers and …

Chinese M&A to Continue Despite Regulatory, Policy Hurdles: A.M. Best

While Chinese companies have been increasing their overseas merger and acquisition (M&A) activity in recent years, there are signs that growth could slow in the coming year, as a result of uncertain economic outlook and evolving government policies in China …

Metromile: New App Resolves Some Claims in an Hour

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 within an hour. Customers can also …

Metromile Auto Insurer Gets $192 Million, Mark Cuban and Mosaic’s 50 State Licenses

Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company. The startup Wednesday said it had acquired Mosaic Insurance Inc. — a $22 million …

Canada’s Intact Financial Corp. Invests in Metromile, Pay-Per-Mile Insurer

Intact Financial Corp. has made a strategic investment in Metromile, a San Francisco-based provider of pay-per-mile car insurance. Toronto-based IFC, which is the largest provider of property & casualty insurance in Canada, said the venture is in line with its …

Metromile in California Names Former Dish Executive Chief Marketing Officer

San Francisco, Calif.-based Metromile has named James Moorhead, a former Dish Network executive, its chief marketing officer. The appointment is effective Oct. 26. Moorhead will report to Metromile CEO Dan Preston. Moorhead will be responsible for overseeing marketing, digital acquisition, …

California Agents Get Creative to Sell Rideshare Endorsement

Kathy Lamm, an insurance agent in Costa Mesa, Calif., over the past month has been busy selling a ridesharing endorsement that Farmers Insurance Group introduced in California in late May. Lamm started spreading the word soon after the product became …