Tag: Root

Insurance Start-Ups Face Credibility Crisis in Brutal Tech Rout

Human resources concept on tablet with hologram

“Forget everything you know about insurance,” was the brash tagline on a banner adorning the New York Stock Exchange when Lemonade went public in July 2020. The message captured the confidence that propelled the US insurance start-up and its peers, including Hippo and Root, on to the stock market at valuations far above those of… Continue reading Insurance Start-Ups Face Credibility Crisis in Brutal Tech Rout

Root Insurance Aims to Show It’s A Different Kind of Insurer with Bubba Wallace Ad

One of the few drivers that people who don’t follow NASCAR can name is Bubba Wallace, and he’s never even won a major race. Of course, he is one of the best up-and-coming drivers in the country, a young, magnetic sports star. But it’s off the track where Wallace has really grabbed headlines, primarily for… Continue reading Root Insurance Aims to Show It’s A Different Kind of Insurer with Bubba Wallace Ad

InsurTech Root Files IPO with SEC

On Monday, Root filed to go public, adding a second name to the Insurtech IPO rolls in 2020. Lemonade was first out the gate this summer, taking its rental and home insurance business public at an attractive valuation, compared to its revenues and margins as we traditionally understand them. Wall Street was enticed by its… Continue reading InsurTech Root Files IPO with SEC

Root Car Insurance Will Stop Using “Discriminatory” Credit Scores to Set Rates

Rearview of a young African businessman driving through the city streets in his car

The color of your skin can affect how much you pay for your car insurance, Root Insurance says, and it wants to change that. Using financial security as a means of deciding rates is one factor in the disproportionately high insurance rates for members of racial minorities, the company says. The trouble is, Root will… Continue reading Root Car Insurance Will Stop Using “Discriminatory” Credit Scores to Set Rates