As Industry Focuses on Discrimination, Root Marks One Year of Drop The Score Campaign
Root, Inc. (ROOT)
Company Research
Source: GlobeNewswire
COLUMBUS, Ohio, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today commemorated the first anniversary of its Drop the Score campaign to eliminate credit discrimination from auto insurance. The campaign's anniversary comes as the National Association of Insurance Commissioners (NAIC), a regulatory body that includes commissioners from all 50 states, launches an investigation into industry practices. Amid national discussion on racial and economic inequality, Root is working to raise awareness around the discriminatory impact of credit-based auto insurance rates currently used by all major insurers. While credit scores are meant to measure risk, generations of discriminatory systemic policies mean consumers with poor or no credit, such as immigrants or people struggling with medical or student debt, are forced to pay up to $1,500 more in annual premiums, regardless of driving ability. This entrenched form of bias in a lar
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News
- Root, Inc. (ROOT) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Root, Inc. (NASDAQ: ROOT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $15.00 price target on the stock.MarketBeat
- Root, Inc. (ROOT) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Root, Inc. (NASDAQ: ROOT) had its price target raised by analysts at Wells Fargo & Company from $12.00 to $64.00. They now have an "equal weight" rating on the stock.MarketBeat
- Root, Inc. Schedules Conference Call to Discuss First Quarter 2024 Financial ResultsGlobeNewswire
ROOT
Earnings
- 2/21/24 - Beat
ROOT
Sec Filings
- 4/18/24 - Form 3
- 4/18/24 - Form 4
- 4/16/24 - Form 8-K
- ROOT's page on the SEC website