This web site needs javascript enabled to work properly. Please enable it to use the full functionality of the web site. Thank You!

Best's News

Best’s News & Research Service subscription required - November 10, 2021 05:27 PM (EST)

Root Third-Quarter Net Loss Widens on Auto Claims Frequency, Severity

Third-quarter Net loss at Root Inc. widened to $133 million, as the claims frequency and severity issues affecting automobile insurers across the United States hit home. . . .

-- This content requires a subscription --

Already a Subscriber?

Log in Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

BestDay
Best's News
Best's Review
Best's Research
Best's Special Reports & Commentaries
Best's Rankings
and more...

Receive emails featuring AM Best's news and research
Opt-in

Insurtech Automobile Insurers Earnings Property And Casualty Insurers

Reprints & Redistribution

Latest News

CATASTROPHE MODELING
Industry Executives Urge Need for Speed on California Regulatory Model Changes
Apr 26, 2024 04:34 PM (EDT)

BEST'S NEWS
Best's News: AM Best Says Insurers Navigate Data Privacy, Regulatory Challenges With Wearables
Apr 26, 2024 04:19 PM (EDT)

EARNINGS
China Life's First-Quarter Profit Falls on Lower Single Premiums, Investment Income
Apr 26, 2024 03:07 PM (EDT)

EARNINGS
Florida-Based Universal Increases First-Quarter Net Income 39.2%, Cedes Less Premium
Apr 26, 2024 02:51 PM (EDT)

EARNINGS
Centene CEO: ACA Marketplace Plans Provide a Growth Opportunity
Apr 26, 2024 02:37 PM (EDT)

More from Best’s News

Trending

1

ANNUITIES
LIMRA: US Annuity Sales Jump 21% in the First Quarter
Apr 25, 2024 12:32 PM (EDT)

2

BEST'S CREDIT RATING ACTION
AM Best Downgrades Issuer Credit Rating of Members of Auto Club Enterprises Group; Removes From Under Review With Positive Implications, Upgrades Credit Ratings of Wawanesa General Insurance Company
Apr 25, 2024 11:57 AM (EDT)

3

BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of The Cigna Group and Its Subsidiaries
Apr 25, 2024 11:26 AM (EDT)

4

CRIME
Florida Citizens: Cyber Actor Hacked System
Apr 24, 2024 02:04 PM (EDT)

5

EARNINGS
Chubb CEO: Asia Leads as Growth Continues Despite Financial Lines Drag
Apr 24, 2024 01:53 PM (EDT)

1

MERGERS AND ACQUISITIONS
Aon Expects to Close on $12.76 Billion NFP Acquisition Around April 25
Apr 22, 2024 11:42 AM (EDT)

2

BEST'S NEWS
Best's News: Improvements in Florida Not Enough to Reopen Homeowners
Apr 19, 2024 04:22 PM (EDT)

3

CALIFORNIA
Tokio Marine America, Trans Pacific Latest To Exit From California Homeowners
Apr 19, 2024 04:07 PM (EDT)

4

PROPERTY AND CASUALTY INSURANCE
Progressive To Sell Office Buildings as Shift to Remote Work Cuts Need for Space
Apr 19, 2024 02:42 PM (EDT)

5

PEOPLE IN INSURANCE
United Educators Insurance Names Successor to Retiring President-CEO
Aug 09, 2023 11:34 AM (EDT)

1

EMPLOYEE TERMINATION
Insurance Industry Layoffs: USAA Cuts 220 Positions
Apr 11, 2024 01:57 PM (EDT)

2

BEST'S CREDIT RATING ACTION
AM Best Downgrades Credit Ratings of State Farm General Insurance Company
Mar 28, 2024 03:36 PM (EDT)

3

CATASTROPHES
Update: Marine Mutual Britannia Confirms Insurance Role in Baltimore Bridge Ship Collision
Mar 26, 2024 02:11 PM (EDT)

4

A.M. Best Assigns Ratings to Knight Specialty Insurance Company
Dec 18, 2014 01:26 PM (EST)

5

Three Insurers Win Ruling That WTC Disaster Was One Event
Sep 25, 2002 12:00 AM (EDT)

1

BEST'S CREDIT RATING ACTION
AM Best Downgrades Credit Ratings of State Farm General Insurance Company
Mar 28, 2024 03:36 PM (EDT)

2

CATASTROPHES
Update: Marine Mutual Britannia Confirms Insurance Role in Baltimore Bridge Ship Collision
Mar 26, 2024 02:11 PM (EDT)

3

ELECTIONS 2010
North Carolina Commissioner Races Competitive on Both Sides
Mar 01, 2024 11:28 AM (EST)

4

A.M. Best Assigns Ratings to Knight Specialty Insurance Company
Dec 18, 2014 01:26 PM (EST)

5

Three Insurers Win Ruling That WTC Disaster Was One Event
Sep 25, 2002 12:00 AM (EDT)

AM Best TV

Related Companies

AMB#	Company Name
044750	Root, Inc.

FRAUD
Former Root Executive Sentenced to More Than Four Years for Fraud
Mar 22, 2024 12:35 PM (EDT)

CRIME
Former Root Executive Pleads Guilty to Stealing $10.2 Million
Nov 29, 2023 11:41 AM (EST)

EARNINGS
Insurtech Root Narrows Third-Quarter Net Loss to $45.8 Million
Nov 02, 2023 04:13 PM (EDT)

LITIGATION
Former Root CMO Facing Detention Hearing
Jun 22, 2023 02:45 PM (EDT)

PEOPLE IN INSURANCE
Update: Insurtech Root Fires Chief Financial Officer
Mar 02, 2023 12:20 PM (EST)

More Related Company News

To Submit News go to - https://www.ambest.com/bestweek/submitnews.html