(COMTEX) B: INSWEB ADDS 21ST CENTURY INSURANCE COMPANY TO AUTO INSURANCE MARKETPLACE
REDWOOD CITY, Calif., Feb 2, 2000 /PRNewswire via COMTEX/ -- InsWeb
(Nasdaq: INSW), the Internet's leading insurance marketplace, today
announced that 21st Century Insurance Company is now offering products
at www.insweb.com. The Woodland Hills, Calif.-based insurance company
expects to initially provide policies through InsWeb in its home state,
and soon in the other western states of Arizona, Nevada, Oregon and
Washington.
(Photo: newscom.com ) "21st
Century Insurance Company has just changed its name from 20th Century
Insurance Company, and is entering the New Year and millennium poised
for further growth and expansion with the InsWeb advantage," said
InsWeb Vice Chairman James M. Corroon. "With the addition of 21st
Century Insurance Company to its California lineup, Californians can
now either shop and/or buy policies from 12 carriers at InsWeb's auto
marketplace."
InsWeb's marketplace is revolutionizing the process of finding
insurance by empowering consumers to compare products among direct
writers such as 21st Century Insurance Company, exclusive agents, and
independent agents at a single location -- a digital, one-stop shopping
environment that does not exist today on the Internet or in the
physical world. InsWeb's auto insurance marketplace offers products
from 27 insurance companies, including State Farm, Nationwide,
Progressive, American Family and MetLife Auto.
"InsWeb, in addition to 21st Century Insurance Company's own Internet
website, provides a new strategic platform for reaching the millions of
consumers who already have taken to the Web to do their shopping," said
21st Century's Vice President of Marketing, Teresa K. Colpo. "Not only
did we prepare to greet the new century with a new name, an additional
headquarters building and expansion into new geographic markets, but
also 21st Century Insurance Company continues forward to enhance sales
efforts with the power of the Internet, THE marketing keyword for the
year 2000 and beyond."
InsWeb is accessible at www.insweb.com, as well as through 147 sites on
the Internet, including Yahoo!, MSN, GO Network, Snap.com, Looksmart,
and E*TRADE. InsWeb has the largest network of online partners of any
insurance site. InsWeb also operates marketplaces for health, term
life, homeowners and renters insurance.
21st Century Insurance Company is a wholly owned subsidiary of 21st
Century Insurance Group (NYSE: TW). Founded in 1958, the company was a
pioneer of the direct-to-consumer marketing of personal automobile
insurance, now available in California, Arizona, Nevada, Oregon and
Washington. The company also provides home insurance in California.
21st Century Insurance is headquartered at 21st Century Plaza, 6301
Owensmouth Avenue, Woodland Hills, CA 91367; 818-704-3514; and its
online Internet site is located at www.21stCenturyInsurance.com.
About InsWeb InsWeb, the leading online insurance marketplace (
insweb.com ), helps consumers save time and money by
providing free, multiple insurance quotes sponsored by the nation's
leading insurance companies. InsWeb's 47 participating insurers offer
auto, health, homeowners, renters, term life, and pet insurance. InsWeb
is accessible from 147 leading sites on the Internet, including Yahoo!,
MSN, GO Network, Snap.com, LookSmart, Go2Net, and E*TRADE. InsWeb
provides real-time customer service, interactive tools, and research
capabilities that help consumers make confident and better-informed
decisions. InsWeb is rated the No. 1 insurance site by Gomez Advisors
and by Lafferty Group, and was recently named one of 50 "Best of the
Web" financial sites by Money and the top insurance site by Yahoo!
Internet Life. Across the Pacific, the InsWeb brand and technical
platform support InsWeb Japan K.K. -- a joint venture with co-founder
SOFTBANK Finance Corp., and with Marsh & McLennan Companies Inc. InsWeb
is headquartered in Redwood City, Calif.
NOTE: "INSWEB" is a registered service mark of InsWeb Corporation. All
marks above are those of InsWeb Corporation, except for those of
insurance carriers, brokers, agents, industry organizations, financial
institutions, online partners, service providers, other mentioned
companies and educational institutions, which are the marks of their
respective entities.
SOURCE InsWeb Corporation
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Greg Jones of InsWeb Corporation, 650-817-0213, or
gjones@insweb.com
/Photo: NewsCom:
newscom.com
AP Archive: photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
WEB PAGE: 21stcenturyinsurance.com
insweb.com
GEOGRAPHY: California
INDUSTRY CODE: MLM
INS
SUBJECT CODE: LIC
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