Root

InsurTechs, including Lemonade, Root, Hippo, and Metromile, shed some short interest but remain the target of choice for short-sellers.

The departure comes after the InsurTech announced sweeping changes to its executive ranks in June.

The Inside P&C research team looks forward to the big issues of the new year.

Lemonade, Root, and Metromile remain the focus of short sellers, as most firms see little short interest change.

The monthly CPI report shows that inflation continues to push severity higher as carriers take rate in response.

Lemonade and Root remain the focal points of short sellers, while Metromile’s stock loan fee rate increases (pending acquisition).

The InsurTech’s co-founder said longstanding carriers initially had an advantage in the volumes of data at their disposal but were held back by the inability to leverage modern technology.

Short interest fell in InsurTechs, but not enough to ease the pressure on the sector.

The firm posts quarterly results amid worsening loss-cost trends, and its stock jumps.

The Ohio-based InsurTech is also adjusting its prices models to expand modeled coverages and improve segmentation.

Root shares leap in Thursday trading after InsurTech posts revenue gain, per-share loss that best Wall Street expectations.

The auto InsurTech blamed the higher loss ratio on an industry-wide spike in frequency and severity trends, larger inflationary pressures and an increase in miles driven.