Tag: MetroMile
What happens when Wall Street falls out of love with your sector?
It’s been an awful week for public neoinsurance companies. A subsector of the larger insurtech world, neoinsurance providers tackled a number of insurance categories using a blend of modern app design and machine learning in hopes of creating more user-friendly and profitable insurance products. The idea proved attractive to venture…
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Volkswagen says a vendor’s security lapse exposed 3.3 million drivers’ details
Volkswagen says more than 3.3 million customers had their information exposed after one of its vendors left a cache of customer data unsecured on the internet. The car maker said in a letter that the vendor, used by Volkswagen, its subsidiary Audi, and authorized dealers in the U.S. and Canada,…
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MetroMile says a website bug let a hacker obtain driver’s license numbers
Car insurance startup MetroMile said it has fixed a security flaw on its website that allowed a hacker to obtain driver’s 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…
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Insurtech’s big year gets bigger as Metromile looks to go public
What can we decipher from the latest wave of dollars crashing into the insurance technology market? Alex Wilhelm 1 day In the wake of insurtech unicorn Root’s IPO, it felt safe to say that the big transactions for the insurance technology startup space were done for the year. After all,…
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