Quotesmith.com, an online insurance information exchange, saw a record $3.9 million in revenues for the first quarter, a 29 percent increase over the previous quarter.
Net losses also rose from $6.8 million last quarter to $9.1 million. The company, now in its sixteenth year of business, reported 9,388 policies sold in the first quarter, representing a sequential quarterly increase of 39 percent from the 6,733 policies sold in the fourth quarter of 1999.
Was this article valuable?
Here are more articles you may enjoy.
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
NAIC Victim of Cyber Incident Via PeopleSoft System 
Intersecting Risks and the Future of Construction Insurance 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
