Cleveland, OH
March 1, 2005 ? Insurance.com, the nation's largest online auto insurance agency, announced today that consumer car insurance quote requests on its website www.insurance.com increased over 40% in 2004. This marks the fourth straight year that the company's Internet-originated car insurance quote requests grew by 40% or more."We continue to benefit from growing consumer confidence in the Internet as a tool to not only research rates but also purchase car insurance," stated Insurance.com President, Lou Geremia. "Mere comparative rate information is no longer enough. Consumers want to move from research to rates to purchasing a policy in one sitting. As a result, our combination of real-time car insurance quotes and online buying is attractive to consumers interested in saving time and money."More than a dozen leading auto insurance companies offer competitive car insurance quotes through Insurance.com.
The site allows users to see multiple quotes and do a side-by-side comparison to find the right policy for their needs. Consumers can purchase their policy online or through a licensed insurance agent on Insurance.com's toll-free number (1-800-639-9201). Complete information about Insurance.com's car insurance quotation process can be found at www.insurance.com/auto.aspx. About Insurance.com:Insurance.com (www.insurance.com) is an online marketplace that allows consumers to receive comparative car insurance quotes from top companies and purchase insurance products through the site. The site also provides quotes for life, health, home and specialty lines of insurance.
The company's website was named Best Insurance Site by Money magazine and was praised by Smart Money for its ease of use and wide range of quotes.Insurance.com is owned and operated by ComparisonMarket, Inc., which enables financial institutions, affinity groups and online marketplaces to offer their customers real choice and savings opportunities on car insurance. Working with top insurance providers, ComparisonMarket provides instant, accurate comparative rate quoting and purchasing via the Internet or over the phone. ComparisonMarket is headquartered in Cleveland, Ohio.Contact:Lou Geremia, President617-454-1140www.insurance.com e-mail protected from spam bots.
ELIOS Introduces Electronic Billing and Fund Transfer Capabilities for the Property and Casualty Insurance Industry
San Ramon, California (ContentDesk) July 5, 2005 --ELIOS, the leading loss payee notification company for auto and home mortgage insurance industries launches new electronic fund transfer (EFT) feature for home owner insurance companies. "This is a natural progression in our offering of paperless solutions technologies for our more than 250 property and casualty clients." states president and CEO of ELIOS, Jordi Huguet.
ELIOS automated the process of billing mortgagees in early 2003 to eliminate insurance companies need to print and mail escrow bills to financial institutions.
"Our clients asked us if we could go one step further by providing the ability to receive funds electronically."
ELIOS has been working with its electronic trading partners who have relationships with tens of thousands of financial institutions to eliminate the need for paper check remittance and to speed up payment processing time.Aside from eliminating paperwork going back and forth...
Mortgage loan with PMI or a piggyback loan
Private mortgage insurance is required when you purchase a home with a down payment of less than 20% of the sale price or the appraised home value, whichever is less. Your lender in this case will expect you to purchase a private mortgage insurance policy so that even if you default, he can compensate for the loss. So when you make low down payment on your home purchase, you pay for the insurance premiums on a monthly basis till you can build up sufficient equity in your home.
You can avoid PMI premiums if you are approved for a piggyback mortgage loan. These loans involve 2 mortgages combined in the ratio of 80/20, 80/15/5 or 80/10/10 (Know more about various loan programs and mortgage related concepts from our section on Mortgage Terminology).
This implies that you take a first mortgage against 80% of your home value...
Mortgage loan with PMI or a piggyback loan
Title Insurance Industry Web Site, Source of Title, Registers 10,000th User
Mansfield, OH (ContentDesk) September 19, 2005 -- Source of Title, a leading provider of marketing and media services to the title insurance industry, has announced today that it has reached 10,000 registered users.
Users on Source of Title are provided a free business listing, access to industry news and the industry's most active message forums.
The Web site averages more than 150,000 page views each month.Source of Title debuted in 2002 as an open directory allowing title industry professionals to list and promote their businesses, such as title companies, independent abstractors, notaries public, surveyors, appraisers, and other related businesses.
There are currently more than 4,300 companies listed in the directory and it has become the primary resource for many to locate title service providers; logging more than 12,000 searches monthly."Source of Title is a great resource for our business," said Vickey Maisano, of Paul Maisano Designs of Clarkston,...