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The acquisition is a win for Lemonade’s recently launched car insurance product. Metromile has a decade of driving data based on its usage-based model and it operates licenses in 49 states, all of which will be merged into a single company, if the deal goes through.

The stay-at-home mandates, school and business closings, and increased remote work arrangements emanating from COVID-19 resulted in a significant decrease in motor vehicle accident frequency in 2020, with that trend continuing into 2021. There are many other, less obvious forces that actuaries and company management should consider as 2021 year-end reserves are analyzed.

Amazon says it isn’t legally culpable because the driver worked for Harper Logistics LLC, one of thousands of small businesses launched in recent years specifically to deliver Amazon packages. By focusing on the key role played by the algorithms, Rana’s attorney, Scott Harrison, is looking to prove that the company controls the operation, managing everything from how many packages drivers must deliver to whether they should be kept on or fired.

The to-do list for the electric-vehicle maker will be funded in part by its IPO -- the sixth-largest in U.S. history. Rivian shares soared 22% Thursday in their second day of trading, creating a stock-market value of more than $100 billion. Two months after delivering its first pickups, largely to employees, Rivian now has a market valuation exceeding that of General Motors Co.

The Japanese automaker premiered its Solterra, built on the new “e-Subaru Global platform,” at a press conference in Tokyo on Thursday. The platform, developed in conjunction with Toyota, is dedicated to battery-electric cars. The model will be sold in the U.S., Canada, Europe, China and Japan by the middle of next year, along with Toyota’s bZ4X.

Before the year is over, Elon Musk wants to start production at Tesla’s new electric-vehicle factory outside Berlin. While he’s cautioned that ramping up Model Y output at the facility in the small town of Gruenheide will be challenging, the development is the talk of the German auto industry nonetheless.

Addition Capital, Coatue Management and serial entrepreneur Elad Gil led the funding round in the Mountain View, California-based company, now worth $3.6 billion -- nearly triple the valuation from another round last year.

Metromile went public via a SPAC in February.

The shares will be priced in a range of C$19 to C$22 apiece and will be listed on the Toronto Stock Exchange under the symbol “DFY,” Waterloo, Ontario-based Definity said in a statement Monday.

Arity, a mobility data and analytics company founded by Allstate in 2016, has made its nearly 100 million driving risk scores exclusively available on Transparent.ly, a platform for auto insurance marketers to leverage leads and target shoppers.

The funding round was led by AIA Insurance Inc. as Tiki looks to expand into life insurance and plans a U.S. initial public offering.

The move suggests Apple is plowing ahead with attempts to develop self-driving technology, a high-stakes race with automakers such as Tesla. Moore is joining a division known for its secrecy -- Apple has never publicly laid out its car plans -- and frequent turnover. The head of Apple’s car project, codenamed Titan, departed the company earlier this year to lead technology efforts at Ford Motor Co.

In other news: AgentSync acquires Finvera; Cart.com teams up with Extend; SkyWatch launches usage-based insurance with Global Aerospace.

Lynk in June started deliveries to seven European countries including Germany, Sweden and Spain and so far has 29,000 customers -- more than three times this year’s target, Chief Executive Officer Alain Visser said in an interview. About 95% of them are choosing to subscribe rather than buy a vehicle.

There are many important legal issues to consider when operating in the heavily regulated and ever-changing insurance ecosystem. Discussed are some of the key issues to consider when contracting, to demonstrate what is truly important and where insurtechs should focus, whether it concerns program administrator agreements or other types of partnership, master services, or marketing agreements.

About 20 nations have signed on to a deal to stop funding foreign fossil fuel projects -- with a last-minute entry by Italy. But the impact of the accord is undermined by the absence of key countries like China.

The company expects to pay the fine in installments, with a final deal subject to further negotiations with the U.S. Securities and Exchange Commission, the company said Thursday as it reported third-quarter financial results. The agency has been examining claims by a short-seller that Nikola deceived investors about its business prospects.

Five strategies that insurers can use to cut friction from the customer journey as they work towards digitally transforming their business.

Suddenly the metaverse is everywhere. Ok, the concept of the metaverse is everywhere – thanks to Mark Zuckerberg’s October 28 announcement that “Facebook” has become “Meta.”

Lemonade Car, a telematics auto insurance product, is now live in Illinois and will roll out across the U.S. soon.