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...
Personal Lines Insurtech Root Files IPO Proposal with SEC October 6, 2020 By Andrew G. Simpson Root, Inc., the parent company of Root Insurance Co., has filed a registration statement with the Securities and Exchange Commission...
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...
Ohio’s Root Insurance Now Offering Homeowners Coverage June 3, 2020 Columbus, Ohio-based insurtech, Root Insurance, has launched Root Home, a homeowners insurance program that is available in 13 states. Root...
Reavis Named Chief People Officer at Ohio Insurtech Root March 30, 2020 Columbus, Ohio-based Root Inc., the parent company of online insurer Root Insurance, has appointed Annette Reavis as its first chief...
Insurtech Root Expands Into Renters Market; Product Launched in 3 States November 14, 2019 Root Insurance, a property casualty insurtech, has launched a streamlined renters insurance designed and personalized for consumers starting at $6...
Insurtech Funding Reaches $4.4 Billion to Date in 2019, Blowing Past Full-Year 2018 October 25, 2019 Insurtech funding levels, reaching almost $4.4 billion in worldwide funding commitments through three quarters of the year, has already surpassed...
Root Insurance Raises $350 Million in New Round; Valuation Reaches $3.65 Billion September 9, 2019 Root Insurance, which uses smartphone technology to gauge driver behavior and price policies, said it has raised $350 million in...