Former Root CMO Ordered Detained for Contempt June 22, 2023 By Chad Hemenway Root Inc’s former chief marketing officer – 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 – accused of stealing about $10 million from the company...
Root Inc. Says CFO ‘Terminated for Cause’ March 2, 2023 By Chad Hemenway About one year into his employment with Root Inc. and a week after he helped the company report fourth-quarter earnings,...
Root Granted Restraining Order Against Former CMO it Says Stole About $10M February 21, 2023 By Chad Hemenway A U.S. district judge has granted a motion for a temporary restraining order requested by Root Inc. against its former...
Root Sues Former CMO Over At Least $9.4M in Unauthorized Payments February 6, 2023 By Chad Hemenway Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments...
Root Investigating at Least $9.5M Unauthorized Payments by Former Employee January 10, 2023 By Elizabeth Blosfield Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, is conducting an internal investigation into a series...
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...
Digital Auto Insurer Root Will Add Independent Agents to Its Distribution August 20, 2021 By Mark Hollmer Digital auto insurer Root saw its loss ratio spike in the 2021 second quarter as higher costs for repairs, used...
Startup Auto Insurer Root Raises $724.4 Million in IPO October 28, 2020 By Chibuike Oguh Automobile insurance startup Root Inc. sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its...