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Independent insurance company Answer Financial Inc. of Encino moved a step closer to gaining critical mass for its online platform with the purchase last week of InsLogic Corp., a unit of Capital One Financial Corp.

Answer Financial, with about 230,000 current policyholders, expects a 20 percent increase in customers with the purchase of InsLogic's sales center and workforce 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.

Though Answer Financial is an upstart, the insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual.

An insurer is frequently an insurance company and is also known as an underwriter.
 is gaining traction Traction Definition

Traction is the use of a pulling force to treat muscle and skeleton disorders.
Purpose

Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis.
 by offering real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , comparative quotes of multiple insurance carders over the Internet.
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Title Annotation:NEWS ROUNDUP; Answer Financial Inc. to acquire InsLogic Corp.
Publication:Los Angeles Business Journal
Article Type:Brief article
Geographic Code:1USA
Date:Mar 6, 2006
Words:86
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