AMICA Teams Up With InsWeb to OFFER Term Life Insurance; Largest Online Insurance Marketplace Now Offering Six Term Life Carriers.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Oct. 27, 1998--Amica Life announced today that it is making term life insurance available online to consumers in 49 states at InsWeb, the Internet's leading online insurance marketplace at www.insweb.com. Amica Life is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Amica, the 91-year-old mutual insurance company headquartered in Lincoln, Rhode Island Lincoln is a town in Providence County, Rhode Island, United States. The population was 20,898 at the 2000 census. Lincoln is located in northeastern Rhode Island, and is north of Providence. . InsWeb users can receive instant quotes on Amica's 10-year, 15-year, and 20-year term life products. With the addition of Amica, InsWeb now offers greater choice to consumers by providing term life quotes from six companies, including CNA (Certified NetWare Administrator) See Novell certification. , John Hancock, Zurich Kemper, Lincoln Benefit Life, and Western Southern Life. "The addition of a leading insurance provider such as Amica further strengthens our term life offering to consumers, and we're delighted to have them as an InsWeb marketplace participant," said Kevin Keegan Joseph Kevin Keegan, OBE (born February 14, 1951 in Armthorpe, Doncaster, England)[1] is a former English football manager and is regarded as one of the all-time greatest British football players. , President of InsWeb's Insurance Services Group. "Insurance companies like Amica realize the strategic value of participating in an online marketplace and the inherent value for consumers in having such a service." "As more people go online for insurance, popular sites like InsWeb offer an easy way to comparison shop and find the products that best fit their needs," said Carl Neal, Senior Vice President and General Manager for Amica Life. "We're delighted to make Amica Life's products available on the Internet's premier insurance shopping site." How It Works: Consumers Save Time and Potentially Money Using InsWeb, consumers can save time and, potentially, money. Consumers fill out a single form to receive multiple quotes from leading insurance companies. The benefit is that consumers learn immediately which of the participating carriers are interested in offering them insurance. In contrast, the current process of shopping for insurance can take two to three hours over several weeks. Consumers must provide the same information to each company every time they request a quote. InsWeb users also have the benefit of shopping 24 hours a day, seven days a week, and don't have to worry about contacting companies during traditional business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a . About Amica Amica Mutual was founded in 1907 and is the nation's oldest mutual insurer of automobiles. The company is a national writer of automobile, homeowners, marine, and personal excess liability insurance. Amica Life was founded in 1969 as a wholly owned subsidiary of Amica Mutual. Headquartered in Lincoln, Rhode Island, Amica serves more than 480,000 families in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . More than 3,000 people are employed in 41 regional offices throughout the country. For the past 76 years, Amica Mutual has received the highest possible rating (currently A++) from A. M. Best, a leading insurance company analyst. For the fourth year in a row, the company was named to Ward's Benchmark Group, which recognizes the top 50 performing insurance companies in the United States. Both Amica Mutual and Amica Life have recently been honored with an AA+ (Very Strong) from the industry analyst Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index . About InsWeb InsWeb, the leading Internet insurance marketplace at www.insweb.com, helps consumers save time and money by providing free, multiple insurance quotes from a single form. InsWeb's 24 participating carriers offer auto, term life, homeowners, renters, individual health and short-term medical insurance. In addition to comparison shopping, InsWeb also provides interactive tools and research capabilities that enable consumers to make more informed decisions. InsWeb is accessible at Yahoo!, Infoseek, USA TODAY USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. Online, Microsoft Money Microsoft Money is Microsoft's personal finance software for computers using the Microsoft Windows operating system. A version is also available for Windows Mobile (available for Money versions 2000-2006, and up to, but not including Windows Mobile 5.0). 99, as well as other leading Web sites. InsWeb is headquartered in Redwood City, Calif. |
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