InsWeb Press
InsWeb and eHealthInsurance.com Settle Litigation
Mar 24, 2003
SACRAMENTO, Calif., Mar 24, 2003 /PRNewswire-FirstCall via COMTEX/ --
InsWeb Corp. (Nasdaq: INSW), one of the largest producers of automobile insurance in the U.S., today announced that a settlement has been reached in its litigation with eHealthInsurance.com.
The litigation stemmed from eHealthInsurance's decision in February 2001 to terminate an agreement concerning the marketing of health insurance to consumers originating at InsWeb online marketplace. Although specific terms of the s...
InsWeb Index Reveals Auto Insurance Rates Increased by More Than 10% in 2002
Mar 6, 2003
Consumers Paying as Much as $150 More for Six-Month Policies
SACRAMENTO, Calif., Mar 6, 2003 /PRNewswire-FirstCall via COMTEX/ --
InsWeb Corp. (Nasdaq: INSW), one of the largest producers of automobile insurance in the U.S., today announced the updated results for its Auto Insurance Index based on fourth quarter 2002 data. The Index is designed to identify and track general pricing trends of personal auto insurance.
According to data from InsWeb, the index revealed that as a whole, p...
InsWeb Purchases Common Stock From Intuit and Softbank
Feb 26, 2003
SACRAMENTO, Calif., Feb. 26 -- InsWeb Corp. (Nasdaq: INSW), one of the largest producers of automobile insurance in the U.S., today announced that it has purchased 2,241,440 shares of InsWeb Corporation common stock, consisting of 1,169,898 shares held by Intuit Insurance Services, Inc. and 1,071,542 shares held by SOFTBANK America, Inc. The shares were purchased for $3.8 million, or $1.70 per share. With the closing of this transaction, Softbank Corporation holdings of InsWeb common stock have ...
Auto Insurance Rates Continue to Climb According to InsWeb Auto Insurance Index
Nov 21, 2002
While Rate of Growth has Slowed, Increases are Now Impacting America's Safest Drivers
SACRAMENTO, Calif., Nov. 21 /PRNewswire-FirstCall/ -- InsWeb Corp. (Nasdaq: INSW), one of the largest producers of automobile insurance in the U.S., today announced the results of the InsWeb Auto Insurance Index, a quarterly study designed to identify and track general pricing trends of personal auto insurance sold through the Internet. Prices for auto insurance nationwide continued to rise in the third quar...
InsWeb Introduces Auto Insurance Index
Sep 5, 2002
SACRAMENTO, Calif., September 5, 2002 - InsWeb Corp., one of the largest producers of automobile insurance in the U.S., today introduced the InsWeb Auto Insurance Index. The InsWeb Auto Insurance Index is designed to identify and track general pricing trends of personal auto insurance sold through the Internet. The Index suggests that as of the second quarter of 2002, prices for auto insurance nationwide have risen approximately 40% since the first quarter of 2000, or, roughly 16% annually. The ...
InsWeb Promotes Mark Guthrie to Chief Executive Officer
Apr 25, 2002
SACRAMENTO, Calif., April 25, 2002 - InsWeb Corp. (Nasdaq: INSW) today announced that Mark Guthrie, age 41, currently InsWeb's President and Chief Operating Officer, has been promoted to the additional position of Chief Executive Officer, effective July 1, 2002. In a planned transition, Mr. Hussein Enan, InsWeb's co-founder and current CEO, will retain the position of Chairman of the Company's Board of Directors and will remain active within the Company on a day-to-day basis.
"It has given me...
InsWeb's Fourth Quarter Results to Exceed Expectations
Dec 14, 2001
Company to Complete Shareholder Approved Reverse Stock Split
SACRAMENTO, Calif., December 14, 2001 - InsWeb Corp. (Nasdaq: INSW) today announced that it expects fourth quarter results to exceed previously announced expectations. The Company now anticipates revenues for the fourth quarter to be in the range of $5.7 to $5.9 million, significantly better than the previous guidance issued on October 17, 2001 of $4.2 to $4.8 million. Additionally, InsWeb continues to focus on ongoing cost controls...
InsWeb Announces Stock Repurchase Program
Jun 20, 2001
SACRAMENTO, Calif., June 20, 2001 -- InsWeb Corporation (Nasdaq: INSW), the nation's top-rated online insurance marketplace, announced today that its board of directors has authorized a program to repurchase up to 1 million shares of common stock over the next six months.
"Management and the board of directors of InsWeb believe that the current market price for the Company's stock understates the current and long-term value of the Company," said Hussein Enan, Chief Executive Officer of InsWeb...
InsWeb Provides Financial Guidance For Second Quarter
Jun 8, 2001
SACRAMENTO, Calif., June 8, 2001 - InsWeb Corporation (Nasdaq: INSW), the nation's top-rated online insurance marketplace, announced today financial guidance for the second quarter ending June 30, 2001.
The Company expects revenues for the second quarter to be between $5.3 million and $5.6 million, compared to revenues of $4.8 million for the same quarter last year, and compared to $7.2 million in the first quarter ended March 31, 2001. As previously disclosed, the Company suspended online he...
InsWeb, QuickQuote To Launch Health-Insurance Program
Jun 5, 2001
SACRAMENTO, Calif., June 5, 2001 - InsWeb (Nasdaq: INSW), the top-rated online insurance marketplace featuring auto, term life and other insurance offerings, announced today that QuickQuote.com will become its exclusive provider of online health insurance quotes.
QuickQuote, founded in 1995, is one of the first online insurance distributors. Initially specializing in life insurance, it now also offers several health insurance products. In 1999, QuickQuote was purchased by the Dutch company, ...
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