Amica Expands Relationship with InsWeb; Offers Auto Insurance at Online Marketplace; Amica Is 17th Auto Carrier To Offer Product At InsWeb.com.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)--Jan. 25, 1999--Amica Mutual Insurance Company announced today that it is initially offering its auto insurance products in 12 states at www.insweb.com, the Internet's leading insurance marketplace. Amica also said it plans to roll out more states at the InsWeb auto insurance marketplace in this year. Amica, which began offering term life products at InsWeb in October, becomes the 17th carrier to participate in InsWeb's auto insurance marketplace. The Rhode Island-based carrier joins such leading companies as State Farm, CNA (Certified NetWare Administrator) See Novell certification. , Nationwide and RelianceDirect at InsWeb. "Amica's auto insurance products give consumers another good reason to visit the Internet's highest rated insurance web site," 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. "By participating in InsWeb, Amica will provide access to a growing number of consumers who are ready to buy." InsWeb enables consumers to easily comparison shop and select coverage for auto, term life, homeowners, renters and individual health insurance products from the nation's leading carriers. InsWeb is available at more than 50 sites on the Internet, including 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, and Realtor.com. Assistant Vice President Bruce Maynard of Amica said, "Consumers are increasingly using the Internet to shop for a wide range of products, including insurance. InsWeb offers a new way of comparison shopping, and I am pleased that Amica's products and tradition of service excellence will be one of the options now available to InsWeb consumers." Benefits for Carriers Using InsWeb InsWeb supports any carrier's sales efforts by integrating the Internet into their current distribution strategy - either for companies selling direct or those using captive captive said of naturally wild or feral animals kept in captivity for educational and scientific investigation with no attempt being made to domesticate them. or independent agents. By harnessing the power of the Internet through InsWeb, insurance companies can significantly lower the costs of capturing consumer data, while performing policy evaluation, and enabling carriers to electronically price products. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
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. 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 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 Mutual. 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. , 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 27 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 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, E-Trade, E-Loan as well as other leading Web sites. InsWeb is headquartered in Redwood City, Calif. |
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