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 …
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, Ohio-based parent company of Root Insurance said its …
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 attorneys. …
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 bench warrant out for …
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 filing with the U.S. Securities …
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 properties or possessions Root has …
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 U.S. District Court for the …
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 a former senior marketing employee last year. The transactions …
Root Inc. Root Inc., the parent company of Root Insurance, has named Christine Patrick vice president, Investor Relations. Patrick comes to Root with more than 10 years of insurance-industry experience, both in investor relations and as a sell-side-analyst. Most recently, …
Columbus, Ohio-based Root Inc., the parent company of Root Insurance, has added Julie Mix McPeak, who formerly served as insurance commissioner in both Kentucky and Tennesse, as its senior deputy general counsel, effective on Sept. 1. McPeak was first appointed …
