Its investor woes notwithstanding, Quotesmith.com, a Darien, Ill.-based insurance information exchange, is rolling out a new product for consumers seeking long-term care insurance. The product, LTCompare, enables consumers to comparison-shop and acquire long-term care coverage at www.quote-smith.com. The product, available in all 50 states, is being launched as the company faces delistment from the Nasdaq stock exchange for failing to rise above $1 a share for 30 or more trading days.NextPolicy.com has launched a Web site to sell insurance directly to consumers. At www.nextpolicy.com, consumers can obtain online quotes, track policies and obtain personal assistance and counseling. The San Rafael, Calif.-based company claims market differentiation because it deals only with "A"-rated carriers and its site contains no disclaimers about advising consumers on coverages and companies. Products include auto, homeowners' and life insurance in the state of California, and boat, pet, health and aviation insurance in 40 states.
The Chubb Group of Insurance Cos., Warren, N.J., is offering an insurance policy designed to help protect financial institutions against losses resulting from Internet-related security breaches. Called CyberSecurity, the policy consists of six insuring clauses: e-theft, denial of impairment of e-service, e-signature, e-communication, e-vandalism and e-threat.
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