BlackRock Agrees to $300M Loan for Root Insurance January 27, 2022 Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance...
Insurtech Root Lays Off 330 Employees as Loss Costs Increase January 24, 2022 By Elizabeth Blosfield Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately...
Root Insurance Hopes Others Join Its Vow to End Use of Credit Scoring August 18, 2020 By Mark Hollmer Root Insurance pledged to eliminate the use of credit scoring from its car insurance pricing model by 2025, a move...
Startup Auto Insurer Root Raises $51 Million for Further Expansion March 27, 2018 Columbus, Ohio-based auto insurer Root Insurance, which incorporates individual driver behavior data from mobile phone apps in every quote, announced...
Startup Auto Insurer Root Targets Good Drivers with Smartphones October 25, 2016 By Mark Hollmer Root officially debuted in the U.S. market on October 25. The fledgling auto insurer, just 18 months old, relies on...