Key Developments For InsWeb Corp
InsWeb Corp (INSW.O) (Consolidated Issue listed on NASDAQ Capital Market)
InsWeb Corporation And Allied Strategy Announce Integration Partnership
InsWeb Corporation and Allied Strategy, announced that they have partnered to integrate InsWeb's AgentInsider Lead Program with Allied Strategy's SEMCAT platform. Independent agents that purchase their auto and home insurance leads from AgentInsider will be able to have their leads automatically populated into the SEMCAT system. SEMCAT will then assist agents in generating bindable quotes from multiple insurance companies, saving the agent a significant amount of time when compared to manually entering client information into multiple systems.
InsWeb Corporation and Autobytel Announces Settlement of Multi-Party Patent Litigation
InsWeb Corporation and Autobytel Inc. announced that, along with Internet Brands, Inc. and Leadpoint, Inc., they have entered into a settlement agreement resolving Autobytel's lawsuit filed against InsWeb, Leadpoint and Internet Brands in the U.S. District Court in the Eastern District of Texas, Marshall Division, relating to Autobytel's U.S. Patent Number 6,282,517 for lead technology. The settlement agreement also resolves a patent claim filed by InsWeb, Internet Brands and Leadpoint against Autobytel in the U.S. District Court in the Southern District of California related to InsWeb's U.S. Patent No. 6,898,597 for lead management technology. Under the settlement agreement terms, Autobytel and InsWeb have agreed to grant to the other a non-exclusive perpetual license to their respective patents, as well as long-term covenants not to sue any of the parties for infringement of current or future patents and mutual releases. InsWeb and Autobytel have also entered into an agreement where Autobytel will receive specific auto insurance editorial content, data and interactive tools from InsWeb. The content and tools will contain links to one of InsWeb's insurance websites, and Autobytel and InsWeb will share the revenue associated with consumer activity generated by the links.
InsWeb Corporation Launches Online Auto Insurance Rate Trend Tool
InsWeb Corporation announced that it has developed a new online tool that tracks the median price of a six-month auto insurance policy nationally and by state. The tool also indicates whether those prices have recently increased or decreased.
InsWeb Corporation and Farmers Group, Inc. Announce AgentInsider/Farmers Fast Quote Integration
InsWeb Corporation and Farmers Group, Inc. announced that they have partnered to allow leads purchased by Farmers agents through InsWeb`s AgentInsider Lead Program to be automatically populated to the Farmers Fast Quote system. The Farmers Fast Quote system is an interactive, Web-based insurance quoting tool that allows Farmers agents to quickly build a profile of a customer and provide auto, homeowners and term life insurance quotes.
InsWeb Corporation Launches Auto Insurance Quote Tool
InsWeb Corporation announced that it has launched a new online car insurance quoting tool that allows consumers to instantly view car insurance estimates based on up-to-date industry rate data.
