Root vows to address cash burn as it prepares investors for negative growth
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Root vows to address cash burn as it prepares investors for negative growth

Root logo Columbus Ohio with Timm.jpg

Root CEO Alex Timm expressed confidence about the prospects of the troubled InsurTech he leads and emphasized that although inflation drove losses in 2021, the company had leveraged its data and technology to move quickly to respond to the negative trends.

Root has been under the microscope for over a year, and the insurer’s fundamental problem, as noted by Inside P&C’s Research team, is that it “is not a tech-enabled disrupter, but simply another non-standard auto growing too fast with...

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