Answer buys Capital One division.Answer Financial Inc. in Encino purchased the assets of InsLogic Corporation, which was a wholly-owned subsidiary of Capital One Financial Corporation. "We're we're Contraction of we are. we're we are securing a 52,000-square-foot, state-of-the-art call center in Oak Ridge Oak Ridge, city (1990 pop. 27,310), Anderson and Roane counties, E Tenn., on Black Oak Ridge and the Clinch River; founded by the U.S. government 1942, inc. as an independent city 1959. , Tenn.," said Alan A`lan´ n. 1. A wolfhound. Snyder, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Answer, an independent insurance agency. "This gives Answer uniquely a complete standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. facility to act as a complete backup for our operations in Encino." Snyder said that the Oak Ridge facility can hold about 450 people, but that it's only occupied by 130 people right now. Snyder said the company will retain a majority of the InsLogic's employees, and plans to expand in the new facility. "We're chock a block full in Encino, and the building we're in right now has no additional space. Some of the growth we anticipate during the next year will take place (in Oak Ridge)," Snyder said. Answer employs 600 people in Encino, and Snyder said there are no plans to eliminate any of its local call center positions. The company credits its search engine created in 1998, the Insurance Answer Center, with its growth. The company claims that it has delivered more than 20 million quotes for insurance products in all 50 states. Answer, Snyder said, was the first company to offer online comparisons of multiple insurance products online. "You get product transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. ," said Snyder. "It's a very complicated product, and you want to make sure you're buying the right amount at the right price." Snyder said that Answer, a private company, has experience double-digit growth for the last three years. JONATHAN D. COLBURN Staff Reporter |
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