Auto insurance

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.

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

Success demands an innovation-driven formula with four main components: speed, accuracy, scale and customer experience. To do this and change the economic equation, here are five efficiency strategies recommended by Verisk.

In other news: Zurich releases cyber risk survey results; Hertz and Uber to add 50,000 Teslas to network; Amica selects Shift Technology.

Marshmallow, a car insurance app which recently became the U.K.’s second black-founded firm to reach a billion-dollar valuation, won’t be working from its current Old Street digs for much longer. It’s moving to a nearby office with triple the space after headcount grew more than threefold during the pandemic and as it plows ahead with expansion plans into Europe.

The partnership provides Lyft drivers with the opportunity to select an auto insurance policy that is built for rideshare drivers. Policyholders are also eligible to get money back with each ride using the Lyft platform.

In other news: Amerisure implements One Inc ClaimsPay tech; California drivers report distracted driving is getting worse; HSB adds social media income to home cyber protection.

Jerry launched a car insurance comparison service in 2019 using artificial intelligence and machine learning. The company has more than 1 million customers across the U.S. and has expansion plans.

In other news: Ethos adds board members, new executives; One Inc partners with Mastercard on insurance payments; and Notion, a Comcast company, works with Honey Insurance in Australia.

Challenge comes with increased awareness of structural racism in financial services.

In other news: Cowbell Cyber releases API; Discount Tire, Motorq offer data analytics platform; and Roamly announces new hire and expansion plan.

Operating under the radar in Rhode Island since 2017, the company has launched in Arizona with an eye toward more.

DealerPolicy, which functions as an insurance agency in the lower 48 states, connects car buyers with insurance quotes.

NHTSA, which announced the Tesla probe Monday, opened 26 probes into various auto and highway safety issues so far this year -- more than in all of 2020 or 2019, according to its website.

The insurance enables motorcyclists to customize their insurance all year round and pay for the time they ride instead of high predetermined rates.

The company discovered three main problems in the insurance market in Mexico. One was that people, in general, lacked information about insurance plans, the potential benefits, and how they could save money in terms of healthcare, legal services, and other areas.

Toyota worked with CCC Intelligent Solutions to develop Collision Assistance.

The two companies will offer motor carriers increased insurance opportunities through a risk-management app that sends risky driving alerts.

The insurance company said auto property damage gross claim frequency in the second quarter was up 47% compared to the same quarter last year.

Other provisions included in the 2,702-page bill are a mandate for automatic emergency braking and crash avoidance systems for new cars, and rear guards for semitrailer trucks to keep the passenger compartments of cars from being crushed in rear-impact collisions.