InsureZone Plucks Additional Capital

Fort Worth, Texas-based InsureZone Inc. has secured $8.2 million in new capital funding. The investment was tendered by Buena Venture Associates, a Texas-based investment partnership focused primarily on the delivery of financial services over the Internet. Approximately two-thirds of the capital outlay will be devoted to enhancing InsureZone's technology initiatives, including delivery of a new technology platform. This platform will enable InsureZone to achieve end-to-end integration with rating and underwriting engines, according to J. Russell Reid, president and CEO of InsureZone. As a result, InsureZone can now quote and bind coverage in a completely automated fashion for small-business products. InsureZone has strategic alliances with Chase Manhattan Bank, Wells Fargo & Co., PurchasePro, BuildNet and other brands that have established business relationships with small-business owners.