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1 through 20 of 25 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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 2026 Best's Rankings: Top 75 US and Canada Public Insurers - 2026 Edition
This Best's Ranking includes insurers ranked by 2025 revenue.
Source: Rankings   Date: June 12, 2026
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 Names Head of Growth UK
American equivalent, according to a company statement. In April, Root Inc. said it was partnering with Hyundai Motor Group's captive finance company, a move they said would offer ...
Source: BestWire   Date: May 28, 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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Former Root Executive Sentenced to More Than Four Years for Fraud
District Court Judge Edmund Sargus sentenced Brinson "B.C." Silver to 51 months in prison, three years of supervised release and ordered restitution and forfeiture - the terms ...
Source: BestWire   Date: March 22, 2024
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Former Root Executive Pleads Guilty to Stealing $10.2 Million
Chief Marketing Officer Brinson "B.C." Silver has pleaded guilty to embezzling $10.2 million from the company beginning from virtually the day he started as CMO. Silver pleaded ...
Source: BestWire   Date: November 29, 2023
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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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Former Root CMO Facing Detention Hearing
Magistrate Judge Kimberly A. Jolson will hold the hearing for Silver, who was fired after the company learned he allegedly looted the insurtech of at least $9.4 million (BestWire, ...
Source: BestWire   Date: June 22, 2023
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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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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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Citing COVID-19 and Economic Conditions, Insurtech Root Lays Off 330 Workers
United States hit home (BestWire, Nov. 10, 2021). The quarterly loss compares with a net loss of $85.2 million for the same quarter last year, it said in a financial filing at the ...
Source: BestWire   Date: January 21, 2022
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Root CEO: Embedded Coverage With Carvana Bypasses Telematics
... Root Stockholdings Inc. Shares of Root Inc. (NASDAQ: ROOT) were trading on the afternoon of Nov. 11 at $5.78, up 23.77% from from the previous close. (By Renée Kiriluk-Hill, ...
Source: BestWire   Date: November 11, 2021
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Root Third-Quarter Net Loss Widens on Auto Claims Frequency, Severity
United States hit home. The quarterly loss compares with a net loss of $85.2 million for the same quarter last year, it said in a financial filing. Root's loss ratio "remained ...
Source: BestWire   Date: November 10, 2021
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Insurtech Root CEO: Focus Shifts to Growth Through Independent Agents, Partnerships
Carvana and the embedded platform," Timm said. The insurtech's net loss widened to $178.6 million from a $38.9 million loss a year earlier. Net premiums earned declined to $81.2 ...
Source: BestWire   Date: August 12, 2021
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AM Best Analyst: Insurtechs Offer Relevancy, Big Data to Reinsurers
...Tech Live panel discussion. It's important for companies to remain relevant, and "we're seeing interest in innovations and insurtechs all across the board," Wong-Fupuy said. The ...
Source: BestWire   Date: May 21, 2021
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Root CEO: Autonomous Claims Processing Speed Can Reduce Claims Severity
Financial Officer Daniel Rosenthal. "We will focus focus in the right way," he said. However, Timm said, rates for good drivers will improve as the company gets better at ...
Source: BestWire   Date: May 6, 2021
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