News from CAS, USI Insurance, Hiscox and more.

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 London insurance market shouldnt keep cutting rates to secure business because it may not be adequately pricing the risk it is taking on, the Bank of England said.

As long as regulators and securities action filings remain active, underwriters are willing to compete in this line. Price wars show no sign of letting up as attractive loss ratios lure new players.