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InsurTech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for ...
Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, is conducting an internal investigation into a series of payments made without prior disclosure to the ...
At a time when auto insurers react to inflation shocks by filing rate increases at a frenetic pace, an InsurTech CEO says automation of the activity is speeding his company's actuarial rate ...
While he didn't say that distribution of Root Insurance products through independent agents was off the table in 2022, the InsurTech's chief executive officer did say the company is now laser-focused ...
Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term loan from BlackRock Financial Management. The ...
While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their ...
How has the pandemic changed you personally? As a leader? How will it change your company? How should the industry plan to respond to future pandemics? Carrier Management asked carrier, reinsurance ...
Since the first article in this series, Dispatches From InsurTech Survival Island, our principal goal in analyzing the quarterly statutory statements of the most relevant U.S. property/casualty ...
Root Insurance added homeowners coverage to its platform. Marsh and AXA XL are debuting a new usage-based policy that lets businesses meet a surge in demand for the same-day delivery of their ...
Starr has launched a new usage-based general aviation product. Travelers is offering risk management resources to help businesses safely reopen amid the pandemic. Root Insurance has joined forces ...
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