Tokio Marine, Intact lead $90m round for Metromile in bet on people driving less

Tokio Marine, Intact lead $90m round for Metromile in bet on people driving less

Cars travel over the San Francisco-Oakland Bay Bridge towards Treasure Island in this aerial photograph taken above San Francisco, California, U.S. Photographer: David Paul Morris/Bloomberg

As baby boomers retire and millennials flock to cities, two insurance giants are making a bet on people driving a lot less.

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