Root Insurance News

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Root Expands to Minnesota

Dec 27 2024 // Root has announced the availability of Root Insurance in Minnesota. The insurer now serves drivers in 35 states, extending its auto insurance offering to over 4 million registered drivers in Minnesota and covering more...

‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time

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...

Hippo’s First Connect Partners With Root Insurance on Quote and Bind Process

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...

Insurtech Root, Goosehead Partner on Tech Integration for Independent Agents

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’...

Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress

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...

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