Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, and Hyundai Capital America (HCA) announced a strategic partnership to bring innovative auto finance and insurance solutions and enhanced experiences to HCA customers. The collaboration is expected to deliver insurance solutions that offer data-driven, competitive rates to HCA customers, driving a more connected experience […]
Root Insurance Expands Auto Insurance to Minnesota
Root, Inc. (NASDAQ: ROOT) announced the availability of Root Insurance in Minnesota. The insurer now serves drivers in 35 states, extending its auto insurance product availability to over 4 million registered drivers in Minnesota and covering more than 77% of the U.S. population. “We’re excited to bring an easy, technology-driven, car insurance option to Minnesota, […]
Former Root Insurance Exec Pleads Guilty to Defrauding Company of More Than $10 Million
Defendant used stolen funds to buy a yacht, amphibious plane, and luxury vehicle. Brinson Caleb Silver, 43, the former Chief Marketing Officer of Root, Inc., the online car insurance company, pleaded guilty in a U.S. District Court in Ohio on November 28 to one count each of wire fraud and contempt of court. As part […]
Root Insurance Expands Relationship with CCC to First-Party Casualty
CCC Intelligent Solutions Inc. (NASDAQ:CCCS) today announced Root Insurance will extend the use of CCC technology to include its first-party casualty solution. With the addition of CCC First-Party Casualty, Root can now manage auto physical damage and first- and third-party casualty claims through a single digital workflow, powered by CCC. The CCC First-Party Casualty solution […]
Root Insurance Investigating $9.5 Million in Marketing Payments by Former Employee
In a filing with the Securities and Exchange Commission, Root Inc. (NASDAQ: ROOT), the parent company of Root Insurance, announced the Audit, Risk and Finance Committee of its Board of Directors has engaged outside counsel to conduct an internal investigation into a series of marketing services transactions that a former senior marketing employee entered into […]
Root Insurance Expands to Alabama and Florida
Root, Inc. (NASDAQ:ROOT), a technology company powering insurance solutions and the parent company of Root Insurance, has launched in Alabama and Florida, the 33rd and 34th states where Root auto insurance is now available. With the addition of these two new states, Root Insurance is now available to 76% of the U.S. population. “We’re excited […]
Root Insurance Selects Tractable AI To Streamline Claims Operations
Root Insurance will use artificial intelligence (AI) to streamline and accelerate its claims operations using Tractable’s suite of AI solutions. Root will launch the partnership with the AI Subro solution from Tractable to enable Root to assess and respond to subrogation demands more accurately and efficiently. After testing market solutions head-to-head, Root chose Tractable, which […]
Root Auto Insurance Enters Kansas
Root, Inc. (NASDAQ:ROOT) announced that Root Insurance has launched in Kansas, the 32nd state where Root auto insurance is now available. The more than 2 million registered drivers in Kansas now have access to fair insurance rates through the Root app. In June, Root entered the Wisconsin market. “Root’s accessible and fair rates are the […]
Root Insurance Now Available in 31 States with Entry into Wisconsin
Root, Inc. (NASDAQ:ROOT), the parent company of Root Insurance Company, announced its entry into Wisconsin. Root is now available to the 4.3 million drivers in Wisconsin, making it the company’s 31st state. Root Insurance is founded on the power of data. The insurance innovator is committed to unbreaking an archaic industry using modern, mobile-first technology […]
Root Insurance Parent Files for Proposed Initial Public Offering
Root, Inc., the parent company of Root Insurance Company, announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not […]