Root Insurance Co. News

Ohio Insurtech Root Plans to Expand Further, Grow Workforce

Columbus, Ohio-based Root Insurance, says it plans to expand into additional states in 2019 and increase its workforce by 150 percent. The insurtech in 2018 added 12 states — Louisiana, Montana, New Mexico, Arkansas, Delaware, Missouri, Iowa, North Dakota, Maryland, …

Startup Root Raises $100 Million, Prepares to Go National

Root Insurance raised a $100 million financing round in a bid to fuel market expansion and hiring as the auto insurance startup with its telematics-based platform goes national. Tiger Global Management led the Series D funding round, with Redpoint Ventures, …

Root Approved to Sell Auto Insurance in Arkansas

Columbus, Ohio-based insurtech company, Root Insurance, has received authorization to sell property/casualty (excluding workers’ compensation) products in Arkansas. Root is a private passenger auto insurance company that began operations in June 2016. Root is wholly owned by IBOD Inc. and …

Bluetooth Toothbrushes, Telematics, Fitbits and Data Tracking Acceptance

Twice a day, Scott Ozawa’s Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. In return, the 41-year-old software engineer gets free brush heads and the employer which bought his insurance gets premium discounts. The …