Root Insurance, a US-based insurtech, has filed for an IPO

  •  Root Insurance is targeting a $6 billion valuation in an upcoming IPO.
  • It’ll likely succeed thanks to its improving loss ratio and the increasing demand for usage-based auto insurance.
  • Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here.

The US-based insurtech has filed for an IPO, per TechCrunch. Root has raised a total of $523 million in funding to date and is valued at $3.7 billion, though it’s targeting a $6 billion IPO valuation. The full-stack insurtech sells auto, renters, and homeowners insurance, and is currently available in 29 states.

the global usage based insurance market

Root Insurance is targeting a $6 billion valuation in an upcoming IPO.

Business Insider Intelligence


Root is disrupting the $266 billion auto insurance industry through its use of IoT and AI, and has expanded its coverage to break into other markets. The insurtech collects users’

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Should I take out a personal loan to invest?

Measure the risk before you bank on a reward. (iStock)

Personal loans are a popular form of debt. The total amount Americans borrowed using this type of financing reached a high of $162 billion in the first quarter of 2020, per TransUnion.

Personal loan interest rates are near all-time lows, so you may be tempted to take out a loan for a variety of reasons — but what about investing? Depending on your credit score, some borrowers could qualify for a personal loan as much as $100,000.

Before you build wealth by investing borrowed money, here’s what you need to know.

Is using a personal loan to invest a smart move?

Consumers can take out a personal loan and invest the money — but whether that’s a good idea depends on your financial situation or goals. It can be a huge gamble, yet can also pay off if

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The U.S. coronavirus bailout spent trillions solving the wrong problem

The four spending bills that Congress passed earlier this year to address the coronavirus crisis amounted to one of the costliest relief efforts in U.S. history, and the undertaking soon won praise across the political spectrum for its size and speed.

The $4 trillion total of government grants and loans exceeded the cost of 18 years of war in Afghanistan.

“We’re going to win this battle in the very near future,” Senate Majority Leader Mitch McConnell (R-Ky.) said after the Senate approved the Cares Act, the largest of the four measures.

Six months later, however, the nation’s coronavirus battle is far from won, and if the prodigious relief spending was supposed to target the neediest and move the country beyond the pandemic, much of the money missed the mark.

President Donald Trump hands a pen to Senate Majority Leader Mitch McConnell (R-Ky.) after signing the Cares Act on March 27.
President Donald Trump hands a pen to Senate Majority Leader Mitch McConnell (R-Ky.) after signing the Cares Act on March 27.
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Free financial service helps Sentinel readers manage their money

Orlando Sentinel readers called into the Ask an Expert hotline last week seeking free advice from certified financial planners about retirement, investing and other money matters.

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The event, held Oct. 4 this year, is sponsored annually by the Financial Planning Association of Central Florida and the Orlando Sentinel. Look for the Ask an Expert feature each Monday on the Sentinel’s Central Florida Business page.

Here is a sampling of questions and answers from the hotline.

Q: When COVID-19 hit, I quit my job working in the schools since I have pre-existing conditions. I only have $16,000 in savings and receive $1,200 a month in Social Security benefits. My expenses are between $3,300-$3,600 a month, including a mortgage payment of about $1,200. I also lease my car at $400 a month. What advice would you give me to help get closer to actually retiring? — N.W., Clermont

A: First,

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Decking Market 2020-2024: COVID-19 Business Continuity Plan | Evolving Opportunities With Advantage Trim & Lumber Co. and Beologic

The global decking market is expected to grow by USD 4.89 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 6%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201006005811/en/

Technavio has announced its latest market research report titled Global Decking Market 2020-2024 (Graphic: Business Wire).

Request challenges and opportunities that influence COVID-19 pandemic – Request Free Sample Report on COVID-19 Impacts

Read the 120-page report with TOC on “Decking Market Analysis Report by Product (Composite, Wood, Plastic, and Aluminum), Geography (North America, Europe, APAC, South America, and MEA), Application (Residential and Non-residential), and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/decking-market-industry-analysis

The market is driven

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