Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025 May 8, 2025 By Chad Hemenway Root Inc. reported first quarter net income of $18.2 million to build off results of 2024βits first profitable year. The...
Auto Insurer Root to Pay New York $975K Over Data Breach March 24, 2025 New York Attorney General Letitia James has secured $975,000 in penalties from auto insurance company Root over a data breach...
Insurtech Root Finishes 2024 With First Yearly Profit February 27, 2025 By Chad Hemenway Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter...
‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time October 31, 2024 By Chad Hemenway For the first time in the company’s history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent...
Hippo’s First Connect Partners With Root Insurance on Quote and Bind Process September 5, 2024 First Connect Insurance Services and Root Insurance said they are partnering to offer API-powered quote and bind capabilities to independent...
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer December 1, 2023 By Chad Hemenway Brinson Caleb “BC” Silver, former chief marketing officer for insurtech Root, has pleaded guilty to stealing more than $10 million...
Root Inc. Files for Default in Litigation Against Jailed Former CMO November 16, 2023 By Chad Hemenway The nearly year-long saga involving Root Inc. and its former chief marketing officer continues β with him in county jail....
Insurtech Root Says it Has No ‘Actionable’ Bid June 30, 2023 Root Inc. said Thursday that it does not currently have an actionable bid for its acquisition. Thursday’s statement was issued...
Former Root CMO Ordered Detained for Contempt June 22, 2023 By Chad Hemenway Root Inc’s former chief marketing officer β accused in a lawsuit by the company of syphoning $10 million from it...
Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver May 26, 2023 By Chad Hemenway According to court records, Root Inc’s former chief marketing officer β accused of stealing about $10 million from the company...