Root Insurance is laying off approximately 20% of its workforce due to rising inflation costs and other pandemic challenges. According to the Columbus-based auto insurer, approximately 330 employees would be affected. The majority of the affected employees were notified on Thursday, with the majority of job cuts taking place before the end of the month.… Continue reading Columbus-based Root Insurance Lays Off 330 Employees, Citing Inflation and Supply Chain
Tag: auto insurer
State Farm Averts Racketeering Trial with $250 Million Accord
State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. The customers were seeking as much as $8.5 billion in damages in a civil racketeering trial that… Continue reading State Farm Averts Racketeering Trial with $250 Million Accord