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Traffic Returning to Roadways, But Claims Patterns May Shift Permanently The number of cars on US roadways is returning to normal as states ease COVID-19 restrictions, but that doesn’t necessarily mean claims frequency and severity will return to historic patterns. Metromile, a San Francisco-based pay-as-you-go auto insurer, expects a permanent change in driving patterns even after pandemic restrictions are completely lifted. “We think that there is going to be a very large group of Americans who are going to permanently drive less,” said Communications Director Rick Chen. CCC Informati...

Traffic Returning to Roadways, But Claims Patterns May Shift Permanently The number of cars on US roadways is returning to normal as states ease COVID-19 restrictions, but that doesn’t necessarily mean claims frequency and severity will return to historic patterns. Metromile, a San Francisco-based pay-as-you-go auto insurer, expects a permanent change in driving patterns even after pandemic restrictions are completely lifted. “We think that there is going to be a very large group of Americans who are going to permanently drive less,” said Communications Director Rick Chen. CCC Informati...

Drivers opting for usage-based insurance amid COVID-19 pandemic, study finds By Aly Yale article If the pandemic has you driving less, this type of car insurance may be worth a look. (iStock) The pandemic had a huge impact on American’s driving habits in 2020. With shelter-in-place orders, countless businesses closed and the prevalence of work-from-home arrangements, Americans spent less time on the road than ever. In fact, according to the Federal Highway Administration, the average number of miles driven was down 41% at one point. To account for the dip, many car insurers began to offer...

Metromile, an insurance-focused fintech powered by data science and machine learning, on Tuesday, formally announced its intent to go public. As part of the development, Benzinga chatted with Metromile communications director Rick Chen. About Metromile: Founded in 2011, Metromile caters to non-... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to:

Metromile says a website bug let a hacker obtain driver license numbers Car insurance startup Metromile said it has fixed a security flaw on its website that allowed a hacker to obtain driver license numbers. The San Francisco-based insurance startup disclosed the security breach in its latest 8-K filing with the U.S. Securities and Exchange Commission. Metromile said a bug in the quote form and application process on the company’s website allowed the hacker to “obtain personal information of certain individuals, including individuals’ driver’s license numbers.” It’s not clear exa...