Root Expands to Minnesota December 27, 2024 Root has announced the availability of Root Insurance in Minnesota. The insurer now serves drivers in 35 states, extending its...
Insurtech Root, Goosehead Partner on Tech Integration for Independent Agents August 27, 2024 Root, Inc., parent company of Root Insurance Company, has partnered with personal lines insurance agency Goosehead Insurance, Inc. on a...
Insurtechs Unite to Launch InsurTech Coalition November 30, 2023 Members from several insurtechs, including Boost, Branch, Clearcover, Lemonade and Root Insurance, published an open letter to the insurance industry...
Root Books Another Net Loss; Stays Positive on Embedded Insurance Results February 23, 2023 By Chad Hemenway Calling embedded insurance the “next secular trend in distribution,” Root Inc. CEO Alex Timm in a letter to shareholders said...
Root Reports $64M Q3 Net Loss November 21, 2022 By Allen Laman Root Inc. reported a third-quarter net loss of $64 million, down from a net loss of $133 million during the...
Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO September 16, 2022 By Susanne Sclafane At a time when auto insurers react to inflation shocks by filing rate increases at a frenetic pace, an insurtech...
People Moves: Root Names Bateman as CFO March 23, 2022 Root, Inc. has hired Rob Bateman as its new chief financial officer, effective April 11. Bateman joins Columbus, Ohio-based Root...
Insurtech Root Focused on Embedded Insurance, CEO Says March 8, 2022 By Susanne Sclafane While he didn’t say that distribution of Root Insurance products through independent agents was off the table in 2022, the...
Pay-Per-Mile Digital Insurer Metromile in Drive to Add Independent Agents October 21, 2021 By Andrew G. Simpson Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its use of independent agents...
Insurtech Root Hit With Shareholder Lawsuit Alleging Negligence, Omissions in IPO Filing March 24, 2021 By Susanne Sclafane With shares of Root Inc. trading at less than 50 percent of the late October 2020 IPO price of $27...