InsurTech Root Plans to Raise Up to $604M in IPO

Automobile insurance startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the ...

Root Becomes Latest InsurTech to File IPO Plans

Digital Insurer Root Inc. has filed plans with the U.S. Securities and Exchange Commission for a proposed IPO. Details of the company's initial public offering will be fleshed out down the line. The ...

Pandemic Reinforces Innovation Culture at Root

In many respects, we unintentionally built Root to weather situations like the COVID-19 pandemic. We have always been fueled by our passion for identifying what's not working and rolling up our ...

Did You Know? Auto and Renters Risks Correlated

To Alex Timm, CEO of Root Insurance Company, the auto insurance carrier's recent move into the renters insurance market seemed like a natural extension for its customer base given that 70 percent of ...