Lemonade to Acquire Metromile
Lemonade will acquire auto insurer Metromile in an all-stock transaction for just over $200 million net of cash.

Lemonade will acquire auto insurer Metromile in an all-stock transaction for just over $200 million net of cash.
The case is raising concern within the insurance industry as doubts remain as to whether there could be coverage under the personal auto policy.
The main reason why customer satisfaction has stalled: Companies are missing the mark on effective communication with customers.
The acquisition will allow SafeAuto to grow its platform in the non-standard space. Additionally, Progressive finalized the acquisition of transportation insurer Protective Insurance Corp. ahead of schedule.
COVID-19’s evolving impact on the personal auto market is still unfolding. Keeping up-to-speed on trends and projections can help prepare for the road ahead.
A LexisNexis report illustrates that the secret to moving toward a touchless claims process may be through a hybrid model—and that insurance carriers can do more to turn virtual claims processing into a competitive advantage.