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1 through 20 of 48 matching documents, best matches first.   Sort by date

Root Expands Telematics-Based Auto Coverage to New Jersey
Insurtech Root has launched automobile insurance coverage in New Jersey, its 37th state. The company said it now reaches more than 80% of the U.S. population and plans to offer ...
Source: BestWire   Date: July 27, 2026
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Root CEO: Some Carmakers Share Past Driving Data, Enabling Rapid Telematics-Based Quotes
Root through our platform," he added. Root partnered last year with automaker Hyundai. While still in the early stages, Timm recently pointed to ways a connection through Hyundai's ...
Source: BestWire   Date: February 27, 2026
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Root CEO: Rebuilding Models Often Is Competitive Advantage; AI 'Way More Than Chat Bots'
Artificial intelligence is "more than chat bots." The bigger issue is how to apply algorithmic approaches to fundamental insurance, meaning pricing risk, he said. Root continues to ...
Source: BestWire   Date: January 13, 2026
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Root Expands Personal Auto to Washington State Following Regulatory Approval
The combined ratio improved to 95.2 from 102.7 a year earlier. Shares of Root Inc. (NASDAQ: ROOT) traded on the afternoon of Sept. 24 at $94.50, down 4.07% from the previous close. ...
Source: BestWire   Date: September 24, 2025
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Insurtech Root Partnership With Hyundai Follows 115% New Business Growth in Channel
Chief Executive Officer Alex Timm said in a statement. The companies said they aim to leverage strengths to "drive advancements in the auto finance and insurance industries." ...
Source: BestWire   Date: April 2, 2025
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Insurtech Root Expands Geographically, Says Auto Coverage Extends to 77% of US
Root distributes direct and through independent agents. Qualifying customers install an app that assesses driving habits during a multi-week "test drive" that helps determine ...
Source: BestWire   Date: December 17, 2024
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Root Turns First Profit in Insurtech's History
For the first time since it launched in 2020, insurtech Root Inc. has turned a profit. Root recorded a third-quarter net income of $22.8 million, compared with a loss of $45.8 ...
Source: BestWire   Date: November 1, 2024
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First Connect Insurance Services and Root Insurance Partner on California Auto
First connect is a unit of Hippo Insurance. The two companies plan to expand the First Connect offering to 25 additional states by the end of October. "First Connect is committed ...
Source: BestWire   Date: September 6, 2024
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Root Loss Narrows to $24 Million in Fourth-Quarter 2023
Root Inc. reported a narrowing net loss of $24 million for the fourth quarter of 2023, a development it said was driven by loss ratio improvement and fixed expense management. The ...
Source: BestWire   Date: February 21, 2024
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Insurtech Root Expands Exec's Role to CTO and President
Root said Alex Astengo joined the company as U.K. country manager, based in London (BestWire, Jan. 23, 2024). (By Barbara Edwards, BestWire: Barbara.Edwards@ambest.com)
Source: BestWire   Date: February 21, 2024
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Insurtech Root Names Former Cloud Insurance Exec as UK Country Manager
Insurtech Root said Alex Astengo joined the company as U.K. country manager, based in London. In his new role, Astengo will develop Root's U.K. presence with the aim of becoming ...
Source: BestWire   Date: January 23, 2024
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Insurtech Root Narrows Third-Quarter Net Loss to $45.8 Million
Executive Officer Alex Timm said during an earnings conference call. "Management's top priority remains driving Root to profitability," said Timm, by reaching target loss ratios, ...
Source: BestWire   Date: November 2, 2023
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 Commentary: Vesttoo Highlights Importance of Managing Counterparty Risk
A broad analysis shows that letters of credit posted by unaffiliated reinsurers account for 22% of collateral held.
 Data
Source: Commentaries   Date: August 17, 2023

Update: Insurtech Root Fires Chief Financial Officer
...Corrects the year of hire in fourth paragraph.) Insurtech Root Inc. said it fired Chief Financial Officer and Treasurer Rob Bateman for cause less than 11 months after he joined ...
Source: BestWire   Date: March 2, 2023
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Judge Temporarily Bars Former Root CMO From Selling Newly Acquired Luxury Homes
According to a lawsuit filed in U.S. District Court for the Southern District of Ohio, Root alleged Silver and others planned and executed a "brazen and sophisticated scheme" to ...
Source: BestWire   Date: February 23, 2023
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Insurtech Root Reports a Smaller $58.3 Million Loss for Fourth Quarter; Loss Ratio Improves
The net combined ratio was 179.7, compared to 211.9. "We believe we have positioned the company to drive profitable new writings growth while continuing our loss ratio and expense ...
Source: BestWire   Date: February 22, 2023
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Insurtech Root Alleges Ex-CMO Diverted $9.4 Million to Himself
Collateral Damage, a company Silver owned. No one in Root management or the board knew about the transactions, or Silver's association to Collateral Damage, it said. The complaint ...
Source: BestWire   Date: February 7, 2023
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Insurtech Root Probes $9.5 Million of Payments Allegedly Redirected by Senior Marketing Employee
Securities and Exchange Commission filing. The audit, risk and finance committee of the company's board of directors said it hired outside counsel to conduct an internal ...
Source: BestWire   Date: January 4, 2023
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Insurtech Root Lays Off 17% of Workforce as Third-Quarter Net Loss Narrows to $64 Million
... The gross loss ratio improved to 77.9 from 92.7. Timm said Root's technology helped it to get ahead of the inflationary environment while it has changed its mix of customers toward ...
Source: BestWire   Date: November 10, 2022
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Root CEO Says Net Loss Narrows as Insurtech Shrinks Marketing, Hikes Rates; Reverse Stock Split Pending
Root has yet to leverage telematics in the Carvana space. The carrier is "seeing a more preferred customer based on prime insurance history" compared to Roots' direct book. Early ...
Source: BestWire   Date: August 9, 2022
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