Metromile Inc. (MILE) News

Metromile Inc. (MILE): $7.61

-0.22 (-2.81%)

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MILE News Highlights

  • MILE's 30 day story count now stands at 5.
  • Over the past 19 days, the trend for MILE's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
  • The most mentioned tickers in articles about MILE are PATH, MET and ROOT.

Latest MILE News From Around the Web

Below are the latest news stories about Metromile Inc that investors may wish to consider to help them evaluate MILE as an investment opportunity.

Incumbent auto insurers are growing US market share despite insurtech disruption

Summary List Placement The pandemic caused a 55% decrease in miles driven, encouraging auto insurance customers to shop around for more personalized and cheaper policies, per the J.D. Power 2021 U.S. Insurance Shopping Study. The 15th annual iteration of the study surveyed 12,971 US insurance customers who requested an auto insurance price quote from at least one competitive insurer in the previous nine months. The study was fielded from March 2020 through January 2021. Auto insurance customers shopped around more than ever before, but incumbents got the biggest tailwind. There has been a 6-percentage-point increase in shopping activity among those customers who were affected by the pandemic financially. Although insurtechs like Metromile , Root , and Clearcover have grown quickly thank...

Business Insider | May 4, 2021

Legendary investor Bill Miller says the window is closing on the SPAC market, but singles out 2 names that remain attractive (AMZN, FB, GOOGL, AAPL, MILE, DM)

Summary List Placement Legendary investor Bill Miller thinks the SPAC craze may be nearing the end. Pushed by a frenzy of excitement from retail investors and a desire from many pre-revenue companies to take an easier path to public markets, SPACs have boomed in 2020 and 2021. "I think that game is largely winding down now," Miller told CNBC on Tuesday . "Many of the SPACs that came public came at extraordinarily expensive valuations. But now some of them have corrected." The billionaire pointed to some SPACs that now have more reasonable valuations, such as Desktop Metal , a 3D metal printing technology provider that famed investor Chamath Palihapitiya also backed . The company went public in a merger with blank check company Trine Acquisition . The stock peaked at $31.25 on February 1...

Business Insider | April 20, 2021

Fintech Focus For April 16, 2021

Quote To Start The Day: "Spread love everywhere you go. Let no one ever come to you without leaving happier." Source: Mother Teresa One Big Thing In Fintech: Residents of Miami-Dade County in the U.S. state of Florida may one day be able to pay their taxes in the form of cryptocurrency. A memorandum made public on Thursday indicates that Miami-Dade County commissioner Danielle Cohen Higgins has proposed the creation of the Miami-Dade Cryptocurrency Task Force, which, among other objectives, would seek to determine the feasibility of using cryptocurrencies as payments for county taxes, fees, and services. Source: The Block Other Key Fintech Developments: Clearcover adds $200M for growth. Metromile … Full story available on Benzinga.com

Benzinga | April 15, 2021

Metromile Appoints Junna Ro as General Counsel

Former AAA insurer chief ethics and compliance officer and Symantec corporate counsel joins leading digital insurance platform Junna Ro Junna Ro is the general counsel at Metromile. SAN FRANCISCO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced insurance industry veteran Junna Ro joined the company as general counsel. In her role, Ro oversees a growing team of legal, regulatory and compliance professionals as a member of the leadership team. “Junna joins Metromile as we prepare to bring our personalized, digital insurance nationwide as a new public company. I believe Junna’s leadership will help us make auto insurance fairer and more widely available so more people can benefit fr...

Yahoo | February 25, 2021

The Bancorp Founder Betsy Cohen Joins Metromile, Inc. Board of Directors

SAN FRANCISCO, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced that Betsy Cohen, the founder of The Bancorp, joined the company’s board of directors. “Betsy is a world-class financial service, investing and insurance executive, and we are thrilled to have someone of her stature supporting Metromile,” said Metromile Founder and Executive Chairman David Friedberg. “We could not welcome a more seasoned industry leader to our board of directors to help us up-end the industry.” “I believe Metromile is doing what no one else can in the insurance industry: By building for each individual instead of rough classes or proxy groups, Metromile created a business with unmatched unit economics...

Yahoo | February 10, 2021


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