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Root's cash grows for first time as execs see path to profitability

For the first time since going public more than three years ago, Root Inc.’s unencumbered cash grew from operations in the last three months of 2023. The Columbus parent of Root Insurance Co. (Nasdaq: ROOT) halved its annual net loss to $147 million as policies grew by the most in company history, according to its annual […] ....

Alex Timm , Root Inc , Root Insurance Co , Root Insurance , Root Insurance , Columbus Parent ,

Root Insurance CTO promoted to president in dual role

Root Inc. has promoted CTO Matt Bonakdarpour to president in addition to his role as CTO. The Columbus parent of Root Insurance Co. cited Bonakdarpour’s “exceptional leadership, innovative approach, and technical expertise” in a news release. Promoted to CTO exactly two years ago, he led development and deployment of statistical machine learning models that the […] ....

Matt Bonakdarpour , Root Insurance Co , Root Inc , Root Insurance , Cto Matt Bonakdarpour , Columbus Parent , Root Inc ,

Truthful Information From IIHS: Safer Cars and Trucks: A guide for new and used vehicle buyers

IIHS: Whether you are in the market for a new or used vehicle, here are key things to consider: Size and weight Smaller, lighter vehicles generally offer less protection than larger, heavier ones. There is less structure to absorb crash energy. ....

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Root Insurance sees progress narrowing losses as claims costs keep soaring

Root Insurance sees progress narrowing losses as claims costs keep soaring
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Dan Rosenthal , Alex Timm , Root Insurance Co , Root Inc , Root Insurance , Chief Revenue Officer Dan Rosenthal , Wall Street , Columbus Business , Blackrock Financial ,

Root Insurance seeks reverse stock split, CEO requests zero bonus

Root Insurance seeks reverse stock split, CEO requests zero bonus
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