Latest Root Insurance Headlines
All the headlines from our Root Insurance Topic Page, ordered by recency.
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...
Insurtech Root Inc. Results Improve but Remain at a Net Loss
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...
Minnesota Woman Sues Dentist After 4 Root Canals in Single Visit
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...
Minnesota Woman Sues Dentist After 4 Root Canals, 8 Dental Crowns and 20 Fillings in a Single Visit
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...
Former Root Marketing Exec Pleads Guilty to Taking Over $10 Million From the Insurer
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....
Root Inc. Files for Default in Litigation Against Jailed Former CMO
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,...
Root Inc. Narrows Q2 Net Loss to $37M, Remains Committed to Pricing Model
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...
Insurtech Root Says it Has No ‘Actionable’ Bid
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,...
Former Root CMO Ordered Detained for Contempt
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...
Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver
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...
Root Inc. Says CFO ‘Terminated for Cause’
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...
Root Books Another Net Loss; Stays Positive on Embedded Insurance Results
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...
Root Granted Restraining Order Against Former CMO it Says Stole About $10M
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...
Root Sues Former CMO Over at Least $9.4M in Unauthorized Payments
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...
Root Sues Former CMO Over At Least $9.4M in Unauthorized Payments
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...
Root Investigating at Least $9.5M Unauthorized Payments by Former Employee
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...
Root Reports $64M Q3 Net Loss
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...
Automated Rate Filings Put Root Ahead of Auto Insurance Competitors: CEO
Sep 16 2022 // At a time when auto insurers react to inflation shocks by filing rate increases at a frenetic pace, an insurtech CEO says automation of the activity is speeding his company’s actuarial rate indications onto...
People Moves: Mourad Named President of Verisk Claims; Marsh’s Evans Joins Risk Strategies Entertainment; Roamly Hires Root, Good Sam Execs
Jun 6 2022 // Verisk Names Mourad President of Claims Insurance data analytics firm Verisk announced that Maroun Mourad will begin serving as president, Claims Solutions, on July 1, succeeding Rich Della Rocca who is retiring. In his...
People Moves: Root Names Bateman as CFO
Mar 23 2022 // Root, Inc. has hired Rob Bateman as its new chief financial officer, effective April 11. Bateman joins Columbus, Ohio-based Root as CFO with over two decades of broad strategic, financial and operational experience across...
