Root

On a forward basis, frequency estimates could look high with base figures in 2020 being significantly impacted by initial lockdown measures.

Short interest as a percent of float is a great indicator of current market sentiment.

Shareholders have until May 18 to apply to the court to be a lead plaintiff in the case.

The stock of peer InsurTech Metromile had also risen by 5.7% at the end of trading.

Surprisingly, beyond the InsurTech names, changes in short interest were somewhat muted for the broader P&C sector.

While the direct channel has strengthened over the past year, Root has not grown auto PIF since Q1:20.

Net earned premiums dropped almost 70% as the company increased its use of reinsurance.

The InsurTech defines a ‘seasoned’ state as one where its data science-driven cost model has been accepted by the regulator, and where the company has had two price price filings approved.

Reduced accident development led to a prior underestimate in the December frequency benefit.

Capital markets are adjusting to a new reality in which online communities of retail traders can fuel dramatic swings in equity prices.

Inside P&C places the key news from the past week under the microscope.

Root’s “4.0” underwriting model will bring “giant improvements", the CEO said at a Goldman Sachs conference.