NetQuote

NetQuote
NetQuote
Industry Insurance
Founded 1989
Headquarters Denver, Colorado, USA
Products Insurance Marketplace
Website www.netquote.com

NetQuote is an insurance lead provider for insurance agents. The online insurance quote marketplace allows consumers to apply and comparison-shop for quotes,[1] from a variety of major providers of auto, home, health, life and business insurance.

NetQuote does not directly provide insurance. It connects customers with insurance agents via its matching system. The information is then sold to insurance brokers. Customers are contacted by agents after the application process, at which point they can select from the interested providers.[2]

Contents

History

NetQuote was founded in 1989 when Keith Lawton[3], an insurance agent, and Harvey Lawton, a software engineer, created the world's first interactive voice-response service to shop for insurance. It was named Telerate, Inc.

In 1993, Telerate joined forces with Auto Insurance Shopper to create a single company, using the latter's name. Later, the company launched its Internet platform and rebranded itself as NetQuote.

NetQuote was acquired by Spectrum Equity Investors and Stripes Group in 2005.

Awards and recognition

In June 2008, NetQuote was named a finalist for the third annual Best Companies to Work For in Colorado[4], a competition run by the Society for Human Resource Management (SHRM) Colorado State Council.

Controversy

NetQuote has been involved in numerous consumer complaints both by customers and their purported leads. Customers claim that the many of the leads they receive are bogus. Also customers claim they are billed for service not received, and have had legal action threatened against them for non-payment of bills for which they had proof of payment. NetQuote "leads" complain that they are being harassed by insurance agents with an incessant barrage of e-mails and phone calls soliciting insurance. Many of these "leads" claim they did not make an inquiry for insurance, but that their contact information was illicitly obtained. Often "leads" will receive several phone calls from different agents at approximately the same time, as NetQuote will send out the "lead" to many agents at the same time.

References

  1. ^ Wall Street Journal
  2. ^ CBSNews.com
  3. ^ NetQuote.com Company History
  4. ^ ColoradoBiz Magazine

Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Fortescue Metals Group — Infobox Company company name = Fortescue Metals Group Ltd company company type = Public (asx|FMG) foundation = 2003 location = flagicon|AUS Perth, Australia key people = Andrew Forrest (CEO) Herb Elliott (Chairman) industry = Mining products =… …   Wikipedia

  • Advaliant — Infobox Company company name = Advaliant company company type = Privately Held company slogan =Innovative. Performance. Marketing. foundation = New York City, New York (2004) location = New York City, New York key people = Jivan Manhas, President …   Wikipedia

  • Child Life Insurance — is a form of permanent life insurance that insures the life of a minor. It is usually purchased to protect a family against the sudden and unexpected costs of a child’s funeral or burial[1] and to secure inexpensive and guaranteed insurance for… …   Wikipedia

  • Craig Sherman — Born July 27, 1967 (1967 07 27) (age 44) Stamford, Connecticut Occupation CEO, Gaia Online Craig Sherman (born July 27, 1967 in Stamford, Connecticut) was the Chief Executive Officer of GaiaOnline.com, an online community for teens and young …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”