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MILE Stock News Image - PYMNTS

Artificial intelligence (AI)-powered insurance company Lemonade has officially divested online insurance platform and pay-per-mile vehicle insurer Metromile's Enterprise Business Solutions (EBS) to digital insurance platform EIS, according to a press release Monday (Aug. 1). EBS was Metromile's Software-as-a-Service (SaaS) claims automation and fraud detection platform, which was licensed to large insurance carriers, per the release.

PYMNTS 2022 Aug 01
MILE Stock News Image - TechCrunch

Publicly traded Lemonade has laid off about 60 employees of Metromile, the auto insurtech company it recently acquired – adding to the volatility the technology sector has seen over the past 18 months.

TechCrunch 2022 Jul 29
MILE Stock News Image - Zacks Investment Research

Metromile, Inc. (MILE) delivered earnings and revenue surprises of -170% and 78.44%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research 2022 May 10
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