- New venture capital funding will support expansion, growth
- Company's Insurance.com lets consumers shop for, buy insurance online
CLEVELAND, March 22 /PRNewswire/ -- ComparisonMarket, Inc., which owns and
operates Insurance.com, the largest online auto insurance agency in the United
States, announced today that it has closed on a new round of venture capital
to support future growth initiatives, including local expansion of the Solon-
based company's call center, information technology and marketing staffs and
the launch of a national cable television advertising campaign to promote
Insurance.com's services.
David Roush, chief executive officer, said the company plans to add more
than 100 new employees to support its expansion, with the sales center alone
hiring 15 new insurance agents each month through the summer.
ComparisonMarket is actively recruiting for both licensed and non-licensed
property and casualty insurance agents. New hires will participate in four
weeks of paid training and can earn up to $40,000 a year based on sales, plus
a competitive benefits package.
"The continued growth of a technology-driven company such as ours opens up
tremendous opportunities for skilled professionals right here in Greater
Cleveland," said Roush. "This important round of funding will fuel our growth
over the next several years, allowing us to increase our marketing initiatives
and execute on our mission of helping consumers make informed financial
choices and achieve long-term financial security."
The Insurance.com Web site -- http://www.insurance.com/ -- enables
consumers to instantly compare competitive auto insurance quotes directly from
a dozen leading insurance carriers. When ready to purchase insurance, users
have the option of completing the transaction online or talking directly to an
unbiased licensed agent. Other products include life, health and home
insurance as well as travel, dental and pet health insurance.
In addition to Insurance.com, ComparisonMarket provides private labeled
auto insurance solutions to financial institutions, affinity groups and online
marketplaces to offer their customers real choice and savings opportunities on
auto insurance.
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