Esurance Is One-Stop Shop For Auto Loans, Insurance.Esurance Esurance Inc. is an American auto insurance provider headquartered in San Francisco, California. History Esurance was founded in 1998 under the name of SiliconSierra Holdings Inc. Esurance launched its Web site and started writing personal auto insurance in December 1999. Inc. said it has launched an online platform that allows consumers to apply for an auto loan and auto insurance at the same time. Esurance, direct-to-consumer personal auto insurance provider, launched the platform with the San Francisco-based Patelco Credit Union. The new platform combines Patelco's automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. lending process, which includes online application and approval of auto loans, with Esurance's quote-to-claims auto insurance coverage platform. The new platform is available on Patelco's Web site, www.patelco.org See .org. (networking) org - The top-level domain for organisations or individuals that don't fit any other top-level domain (national, com, edu, or gov). Though many have .org domains, it was never intended to be limited to non-profit organisations. RFC 1591. . While it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have the first time Esurance has linked its auto insurance platform to auto loans, the company already is looking at linking additional banks to the platform in the future, said Tom Capp, national accounts director for Esurance. "We've already had some interest from other banks," Capp said. The platform could be expanded to link homeowners insurance and mortgage loans, Capp said. Esurance doesn't sell homeowners insurance yet, but it is considering the move. Patelco's online lending system enables its members to complete a loan application and receive approval for an auto loan online. But since Patelco requires proof of auto insurance before it approves a loan, it made sense to find a partner that could provide the same level of automation for auto insurance, the credit union said in a statement. "We believe that the best time to sell auto insurance coverage is when our members are going through the auto loan process," Scott Waite, senior vice president and chief financial officer for Patelco Credit Union, said in a statement. Esurance is an operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Folksamerica Holding Co., a subsidiary of White Mountains Insurance Group White Mountains Insurance Group is a holding company with business interests in property and casualty insurance, and reinsurance. The group owns the direct marketing insurer Esurance. External links
|
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion