Auto Insurance

Insurance premiums for Tesla Inc. (NASDAQ:TSLA) vehicles are at risk of an increase due to a surge in vandalism against the company's vehicles. What Happened: There have been several instances of vandalism against Tesla vehicles, with incidents including spray-painting, arson, and even shootings,...

SunCar Technology Group Inc (NASDAQ: SDA) has been on a wild ride — and it's only just begun. On May 17th, the Shanghai-based auto services startup completed its business combination with special purpose acquisition company (SPAC) Goldenbridge Acquisition Limited. The next day, SunCar...

Legendary investor Warren Buffett is known for being the CEO of Berkshire Hathaway Inc (NYSE: BRK-A)(NYSE: BRK-B). The holding company led by Buffett has acquired many companies over the years and invested in some of the largest publicly traded companies. Here’s a look at how the stock has...

A pay per mile insurance company hoping to disrupt the highly fragmented market is going public via a SPAC deal. The SPAC Deal: Metromile is going public vis SPAC INSU Acquisition Corp II (NASDAQ: INAQ). The enterprise value given the to the company is $956 million. The $160 million PIPE is led by...

Root Inc. on Tuesday raised $724 million in its initial public offering, pricing the IPO above its previously indicated range. What Happened: The Auto insurance company said in a statement it is offering about 24.25 million Class A common stock shares at $27 each, while existing shareholders...

Metromile, an insurance-focused fintech powered by data science and machine learning, on Thursday announced it partnered with Ford Motor Company (NYSE: F), to provide vehicle owners with built-in, intelligent car insurance. As part of the development, Benzinga chatted with Metromile CTO...

James River Group Holdings, Ltd. (NASDAQ: JRVR) stock plummeted on Wednesday, dropping more than 20%, after the company said it is canceling all insurance policies with its largest customer, a subsidiary of Uber Technologies Inc (NYSE: UBER). The decision led one sell-side firm to downgrade the...

Auto insurance company Progressive Corp (NYSE: PGR) reported a financial update for the month of July where the company showed a modest but expected slowdown in personal auto policies, according to MKM. The Analyst MKM Partners analyst Harry Fong maintains a Buy rating on Progressive with a $100...

As autonomous vehicles draw ever nearer, everyone’s eyes are on Tesla Inc (NASDAQ: TSLA), an innovator positioned to disrupt the wider U.S. economy. The firm’s ingenuity threatens to render longstanding services and products obsolete, wholly eliminating jobs, skills, companies and...

William Blair advised investors to shop auto insurance stocks stating that "bad news is good news. Analysts Adam Klauber and Jeff Schmitt are not worried about the pressures witnessed by the insurers since last year. They have picked National General Holdings Corp (NASDAQ: NGHC) and Progressive...