Root

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.

Root and Lemonade remain the highest-shorted stocks covered, as short interest in most firms remains flat in anticipation of earnings.

The private equity-backed retail brokers have lessons to teach the sector’s tech start-ups.

Timm was speaking at InsureTech Connect on a panel entitled “Public versus Private” that weighed the benefits and drawbacks for InsurTechs pursuing a public listing.

Without any major catalysts, the short interest for the industry was muted, with movement centering around InsurTechs once again.