Now, more than six months later, InsWeb continues to struggle in its efforts to turn a profit. The high came in January, when InsWeb closed on its deal to acquire the assets and liabilities of QuickenInsurance, an Internet rival, from Intuit Inc . The downside has been InsWeb s financial performance, as well as weary Wall Street investors and analysts who have become impatient with the company. The company s results have also been nothing to write home about. The company is still optimistic.
Some observers aren t as upbeat.
And while Deutsche Banc Alex. But Zandi interviewed five insurance underwriters who quote policies on InsWeb, and all five described the company as an important source of new customers. Two named InsWeb as their biggest source. InsWeb expects to have Allstate s auto policies available in 15 states by June, and will introduce homeowners coverage in 2002. The Allstate contract was a relief for investors who have stuck with InsWeb.