IOT/Telematics

Metromile will combine with a special purpose acquisition company, or SPAC, called Insu Acquisition Corp II.

The telematics insurtech is launching during COVID, but that doesn't deter chief underwriting officer's enthusiasm for its potential.

The carrier has made aggressive moves to partner and enroll more customers in usage-based insurance.

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Ting's customer-installable sensor monitor the home’s electrical system to detect hazards like arcing from faulty wiring.

The Columbus, Ohio-based company sold 24.2 million shares, together with investors selling 2.6 million shares of their own, at $27 each.

Consumer adoption is steady but still modest, Novarica finds.

Also: Fabric's new CMO, telematics in Utah.

Metromile says the coronavirus pandemic has increased customer interest in its product, with squeezed consumers looking for ways to reduce their costs.

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