InsWeb Press
InsWeb Names William Griffin Chief Financial Officer
May 7, 2001
SACRAMENTO, Calif., May 7, 2001 -- InsWeb Corporation (Nasdaq: INSW) announced today that William D. Griffin has joined as Chief Financial Officer, reporting to Chief Executive Officer Hussein Enan. Mr. Griffin, 43, has more than 20 years' experience in financial management and operations.
"Bill's financial and managerial talents, and broad experience in the technology sector will be tremendous assets to InsWeb," commented Mr. Enan. "He will be a terrific addition to our experienced managemen...
InsWeb Counter Sues eHealthInsurance
Mar 26, 2001
SACRAMENTO, March 26, 2001 -- InsWeb Corp. (Nasdaq: INSW) said today it has responded to recent allegations and legal action taken by eHealthInsurance Services Inc. In a filing with the U.S. District Court, Northern District of California, San Jose Division, on March 22, 2001, InsWeb denied earlier allegations that it breached an online-distribution agreement with eHealthInsurance, and counter sued for damages caused by eHealthInsurance's early and improper termination of their agreement.
In ...
InsWeb, Allstate Sign Agreement To Help Insurer Broaden Its Internet Reach
Feb 27, 2001
SACRAMENTO, Calif., Feb. 27, 2001 -- InsWeb (Nasdaq: INSW) and Allstate Insurance Company today announced they have entered into a two-year services agreement under which Allstate will market its auto, homeowners, renters and condominium insurance products at InsWeb's online marketplace. Allstate expects to generate customer leads from the millions of online consumers who visit InsWeb annually.
According to the agreement, Allstate availability on InsWeb's site will be rolled out in phases beg...
InsWeb Suspends Health Insurance Quotes
Feb 21, 2001
SACRAMENTO, Feb. 21, 2001 -- Online insurance marketplace InsWeb (Nasdaq: INSW), which includes auto, term life, homeowners and other personal lines offerings from more that 40 insurers, announced today it has temporarily suspended online health-insurance quoting. InsWeb said the suspension is due to the decision by eHealthInsurance, formerly the company's exclusive provider of online health-insurance quotes, to unilaterally terminate the relationship.
In April 2000, the two companies signed...
InsWeb To Report Fourth Quarter and Fiscal 2000 Financial Results Feb. 1
Jan 8, 2001
The Company Says Its Previously Raised Revenue Outlook is Unchanged
SACRAMENTO, Calif., Jan. 8, 2001 -- InsWeb Corp. (Nasdaq: INSW) said today it will report financial results for its fourth quarter and fiscal 2000 on Thurs., Feb 1., 2001, after the close of market. Previously, the company had planned to report its financial results Jan. 25.
The company said the date change is due solely to the re-scheduling of its quarterly board of directors meeting. InsWeb also said that its previously ...
InsWeb To Acquire QuickenInsurance Business From Intuit
Nov 27, 2000
InsWeb Will Become the Exclusive Aggregator of Online Consumer Insurance Services for Quicken.com and Related Sites
SACRAMENTO, Calif., Nov. 27, 2000- InsWeb Corp. (Nasdaq: INSW) and Intuit Inc. (Nasdaq: INTU) announced today they have entered into definitive agreements designed to strengthen their respective positions in online financial services.
Under the agreements, InsWeb will acquire select assets and related liabilities of Intuit's QuickenInsuranceSM business, and will become the ...
InsWeb Raises Revenue Outlook For Second Half of 2000
Sep 27, 2000
Revenues are Expected to Exceed $9 Million
REDWOOD CITY, Calif., Sept. 27, 2000 - InsWeb Corp. (Nasdaq: INSW), one of the foremost providers of online insurance services, today raised its revenue outlook for the second half of fiscal 2000. Updating its previously announced revenue expectations of $8 million for the six months ending Dec. 31, 2000 (announced July 20, 2000), the Company now expects revenues for that period to exceed $9 million.
"We are pleased to offer more clarity on our ...
InsWeb Negotiates Release From Local Rent Obligation
Jun 29, 2000
InsWeb Corporation (ticker: INSW, exchange: Nasdaq)
REDWOOD CITY, Calif., June 29, 2000 - InsWeb (Nasdaq: INSW) announced today that it has successfully negotiated its release from all obligations under a multi-year lease made with Spieker Properties L.P. late last year. Pertaining to a 160,000 square-foot commercial property currently under construction in nearby San Carlos, Calif., the release is part of InsWeb's recently announced plans to move its headquarters to Sacramento later this ye...
InsWeb Announces Restructuring
Jun 4, 2000
The Company Plans to Significantly Expand Its Insurance Agency Operations and Further Reduce Operating Costs
InsWeb Corporation (ticker: INSW, exchange: Nasdaq)
REDWOOD CITY, Calif., June 4, 2000 - InsWeb (Nasdaq: INSW) one of the nation's foremost providers of online-insurance services for consumers and insurers, announced today that it plans to expand its online insurance agency operations and implement several cost-cutting measures in the coming months. The company's latest actions ar...
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