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Lemonade Closes Deal for Auto Insurer Metromile

New Now you can take heed to Insurance coverage Journal articles!Digital insurer Lemonade mentioned it has closed of the acquisition of pay-per-mile automotive insurance coverage supplier Metromile in an all-stock transaction. Metromile shareholders obtained 7.3 million Lemonade shares, whereas Lemonade obtained a enterprise with over $155 million in money, over $110 million in premiums, an insurance coverage entity licensed in 49 states, and a staff ...

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