Quotesmith.com Cuts StaffQuotesmith.com, based in Darien, Ill., in August reduced its full-time staff by 25 employees, or approximately 23%, as a result of its recent decision to shift certain back-office functions related to the handling of insurance applications to third-party administrative firms. The decision resulted from a dramatic reduction of paperwork processing at the company due to increased electronic routing of orders to insurance company home offices and selected outsourcing firms, according to Quotesmith.com chairman and founder Robert Bland. In July, Quotesmith.com reported a net loss for the first six months of 2001 totaling $5.1 million.
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