Root
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The company aggressively moved to reduce capital consumption, tighten its underwriting and take rate action in the first quarter of 2022. -
Root implemented 18 rate increases year-to-date with a weighted average rate of roughly 19%.
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March’s CPI report shows elevated inflation levels, including vehicle CPI of 10.5% and average used car price increase of 24.7%.
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Following the acquisitions of Trov and Insureon, what InsurTech M&A deals are next?
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The executive joins the Ohio-based InsurTech after a year at Ategrity, where he served as president and CFO.
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Insurance carriers tailor their comments to leave investors walking away with an optimistic view.
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Birnbaum’s experience spans more than 20 years in product, business operations, sales, marketing and strategy at companies such as GrubHub and Expedia.
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Inside P&C’s news team runs you through the key developments from the past week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The InsurTech’s auto policies-in-force shrunk 7% to $354mn from Q3, driven by its workforce termination and underwriting remediation.
