All the headlines from our Root Insurance Topic Page, ordered by recency.
Oct 31 2024 // For the first time in the company’s history, Root Inc. recorded a quarterly net income profit.The Columbus, Ohio-based parent company of Root Insurance founded in 2015 recorded third quarter net income of about $23...
Sep 5 2024 // First Connect Insurance Services and Root Insurance said they are partnering to offer API-powered quote and bind capabilities to independent agents.First Connect, a subsidiary of insurtech Hippo, is a digital platform...
Aug 27 2024 // Root, Inc., parent company of Root Insurance Company, has partnered with personal lines insurance agency Goosehead Insurance, Inc. on a technology integration partnership they said will speed up Goosehead agents’...
May 1 2024 // Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company’s history.The net income loss for the first three months of the...
Feb 22 2024 // 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 fourth quarter 2022 and...
Jan 22 2024 // A Minnesota woman has sued her dentist after receiving four root canals, eight dental crowns and 20 fillings in a single visit that she says led to her disfigurement.Kathleen Wilson filed the lawsuit in Hennepin County...
Jan 2 2024 // MINNEAPOLIS (AP) – A Minnesota woman has sued her dentist after receiving four root canals, eight dental crowns and 20 fillings in a single visit that she says led to her disfigurement.Kathleen Wilson filed the lawsuit...
Dec 1 2023 // Brinson Caleb “BC” Silver, former chief marketing officer for insurtech Root, has pleaded guilty to stealing more than $10 million from his former employer and violating court orders.According to the U.S....
Nov 16 2023 // The nearly year-long saga involving Root Inc. and its former chief marketing officer continues – with him in county jail.Brinson Caleb “BC” Silver, Root’s CMO from November 8, 2021 to November 9, 2022,...
Aug 3 2023 // Insurtech Root Inc. posted a another net loss for the second quarter 2023 of about $37 million.The loss was a 62% improvement from the net loss of about $96 million during the same period in 2022. Over the first half of...
Jun 30 2023 // Root Inc. said Thursday that it does not currently have an actionable bid for its acquisition.Thursday’s statement was issued following reports Root had received a bid from Embedded Insurance. The Columbus,...
Jun 22 2023 // Root Inc’s former chief marketing officer – accused in a lawsuit by the company of syphoning $10 million from it – was ordered detained for contempt of court, and he will need to find another way to pay his...
May 26 2023 // According to court records, Root Inc’s former chief marketing officer – accused of stealing about $10 million from the company – has not made court appearances, spent money in violation of court orders, and has a...
Mar 2 2023 // About one year into his employment with Root Inc. and a week after he helped the company report fourth-quarter earnings, Chief Financial Officer Robert Bateman has been fired for violating company policies.According to a...
Feb 23 2023 // Calling embedded insurance the “next secular trend in distribution,” Root Inc. CEO Alex Timm in a letter to shareholders said the company has an advantage to scale access in the channel and become...
Feb 21 2023 // A U.S. district judge has granted a motion for a temporary restraining order requested by Root Inc. against its former chief marketing officer to prevent him, his companies, or associates from selling or transferring any...
Feb 20 2023 // Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments with a lawsuit against its former chief marketing officer.According to the suit, filed in...
Feb 6 2023 // Root Inc., the parent company of Root Insurance, has followed up its investigation into almost $10 million of unauthorized payments with a lawsuit against its former chief marketing officer.According to the suit, filed in...
Jan 10 2023 // 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 company’s management by...
Nov 21 2022 // Root Inc. reported a third-quarter net loss of $64 million, down from a net loss of $133 million during the same quarter last year. Year-to-date losses sit at $230 million, which is down from $411 million at the end of the...