InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insurance Growth Plans

Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans. With the M&A agreement, the New York-based InsurTech stands to gain a national foothold in car insurance, on top of its expanding presence in home, renters, pet and life insurance. Lemonade's auto insurance product...

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