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.
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
US Supreme Court Rejects Trump’s Global Tariffs 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
