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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
The layoffs included Metromile's CFO and design, engineering and product team employees, including the senior executives.
The court did find that the insurance office presented records that contained credible information that the use of credit scores is discriminatory.
HiRoad reported Jacksonville, Fla. had the least stressed out drivers, while rain was the biggest cause of anxiety.
In the past 12 months, successful property fraud prosecutions have increased 148% and arrests are up 55% in Florida.
Metromile shareholders received 7.3 million shares of Lemonade, valued at roughly $145 million, as part of the transaction.
Employees were paid off the books and in auto parts to conceal the fact the business had no workers' comp insurance.
Around 45% of all adult homeowners believe extreme weather will damage their homes in the next 30 years.
The move will give insurers facing rating downgrades the ability to meet exceptions offered by federal lenders.
Over 70% of drivers are interested in using connected car data for insurance discounts, but less than a quarter do.
Claims frequency in the live event space is growing right alongside concert attendance.