Root expecting further 2023 rate ‘but not at the same magnitude’: CEO Timm
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Root expecting further 2023 rate ‘but not at the same magnitude’: CEO Timm

Farhin Lilywala
May 04, 2023
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Root CEO Alex Timm said that the InsurTech is still seeking rate increases in 2023, but it will not be “at the same magnitude” as last year.



On a call with analysts, the executive added that the company is seeing high single-digit loss cost trends, so the carrier will file for rate “even in states where we are at target because we are expecting that trend”.

He...



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Farhin Lilywala
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