Root, Inc. Announces Innovation Partnership with Safekeep, Inc
Root, Inc. (ROOT)
Company Research
Source: GlobeNewswire
COLUMBUS, Ohio, May 25, 2021 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, has announced that it has engaged Safekeep, an award-winning insurtech that uses AI to maximize net recovery through its Claimflo product. As Root’s subrogation solution provider, Safekeep will enhance Root’s identification and maximize recovery of subrogation opportunities within the company’s claims portfolio. Safekeep’s Claimflo product is the industry's most advanced subrogation and recovery platform, designed by recovery professionals from leading carriers. Claimflo is expected to increase recovery potential by more than 20%. “By combining Safekeep's machine learning capabilities in the subrogation space with Root's proprietary technology stack, we'll systematically identify recovery opportunities that are being missed in the traditional subrogation processes,” says Mark LeMaster, Root’s VP of Claims. “We believe the potential for this affiliation between
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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