BNET Industries
Market Cap:$15.0M
Last Fiscal Year Sales:$37.4M
- Public
- US
Dow Jones Description
InsWeb (the "Company," "InsWeb," "we," "us," or "our") operates an online insurance marketplace that electronically matches consumers and providers of automobile, homeowners and term life insurance. InsWeb has combined extensive knowledge of the insurance industry, technological expertise and close relationships with a significant number of insurance companies, agents and insurance providers to develop an integrated online marketplace. For the automobile and homeowners insurance products, our principal source of revenues is transaction fees from participating insurance providers. While quotes obtained through our online insurance marketplace are provided to consumers free of charge, we earn revenues when a qualified lead is delivered to a participating insurance provider or local agent. In certain instances, consumers are provided the opportunity to link directly to a third party insurance provider's website. In these situations, we will be paid a fee for that consumer link or click-through. For term life insurance, the majority of our revenues prior to April 2007 consisted of commissions earned by our insurance agency subsidiary, InsWeb Insurance Services, Inc., upon the sale of a term life insurance policy. We discontinued the term life agency operation in April 2007 but continued to earn commissions throughout 2007 (in decreasing amounts) on a limited number of policies written prior to the discontinuation of the agency operations. ...
Chairman & CEO
Hussein EnanNumber of Employees 88
Contact Information
11290 Pyrites Way Ste 200
Gold River, California 95670
(916) 853-3300
Peer Companies
NAICS Code All Other Business Support Services: 561499
Recent Events
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Third-quarter loss tops last year's for InsWeb
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InsWeb cuts 30 percent of its staff
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InsWeb Completes Build-Out of Consumer Initiatives With Launch of InsuranceRates.com
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InsWeb Completes Build-Out of Consumer Initiatives With Launch of InsuranceRates.com
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InsWeb narrows Q2 loss
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InsWeb Launches BestInsuranceMatch.com
News & Analysis
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InsWeb Corporation Q4 2008 Earnings Call Transcript
Question-and-Answer SessionLadies and gentlemen we will now begin the question-and-answer session. Operator Instructions One moment please for the first question. Our first question comes from William Meyers – Miller Asset Management. William Meyers – Miller Asset Management I’m trying to understand a little bit better the...
InsWeb Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions Our first question comes from John Lewis with Osmium Partners. Go ahead please. John Lewis – Osmium Partners Hi guys, how are you? Hussein Enan Hi John. John Lewis – Osmium Partners Just a couple of quick questions for you. First of all, I...
EAR, AMTC, AVRX, INSW, NEST, NMGC Have Been Removed From Naked Short List Today.
M2 PRESSWIRE-7 May 2007-BUYINS.NET: EAR, AMTC, AVRX, INSW, NEST, NMGC Have Been Removed From Naked Short List TodayC1994-2007 M2 COMMUNICATIONS LTD RDATE:07052007 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short...
FED, INSW, TELK, GSCP, PMWI, PUDC Have Been Added To Naked Short List Today.
M2 PRESSWIRE-27 April 2007-BUYINS.NET: FED, INSW, TELK, GSCP, PMWI, PUDC Have Been Added To Naked Short List TodayC1994-2007 M2 COMMUNICATIONS LTD RDATE:27042007 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short...
Alerts: Turning Pennies into dollars:(NASDAQ: INSW), (OTCBB: FNIX), (NASDAQ: NOVC) and (OTCBB: TTGL) .
M2 PRESSWIRE-19 April 2007-RealPennies: Alerts: Turning Pennies into dollars:(NASDAQ: INSW), (OTCBB: FNIX), (NASDAQ: NOVC) and (OTCBB: TTGL) . C1994-2007 M2 COMMUNICATIONS LTD RDATE:18042007 RealPennies.com ALERTS: reporting on dollar volume movers. -- Brought to you by: Ever wonder if the...
Speak with other shareholders about: (NASDAQ: INSW), (OTCBB: FNIX), (NASDAQ: NOVC) and (OTCBB: TTGL) .
M2 PRESSWIRE-18 April 2007-Stockwire.com: Speak with other shareholders about: (NASDAQ: INSW), (OTCBB: FNIX), (NASDAQ: NOVC) and (OTCBB: TTGL) .C1994-2007 M2 COMMUNICATIONS LTD RDATE:18042007 AUSTIN, TX - A very interesting indicator to look for is where the money is flowing into. We...
Alerts: Turning Pennies into dollars: (OTCBB: LWLL), (NASDAQ: INSW),(OTCBB: FNIX), (NASDAQ: NOVC) and (OTCBB: TTGL).
M2 PRESSWIRE-18 April 2007-RealPennies: Alerts: Turning Pennies into dollars: (OTCBB: LWLL), (NASDAQ: INSW),(OTCBB: FNIX), (NASDAQ: NOVC) and (OTCBB: TTGL).C1994-2007 M2 COMMUNICATIONS LTD RDATE:17042007 RealPennies.com ALERTS: reporting on dollar volume movers. -- Brought to you by: Ever wonder if the...
Latest Companys Spotlight: LWLL! April 18, 2007.
M2 PRESSWIRE-18 April 2007-Wall Street Capital Funding LLC: Latest Companys Spotlight: LWLL! April 18, 2007C1994-2007 M2 COMMUNICATIONS LTD RDATE:18042007 Weston, FLA. - Wall Street News Alert's "stocks to watch" this morning are: Linkwell Corporation (OTCBB: LWLL), InsWeb Corp. (NASDAQ: INSW),...
InsWeb Reports First Quarter Results
InsWeb Corp. (NASDAQ: INSW) today announced results for the first quarter ended March 31, 2006. Revenues for the first quarter were $7.7 million, compared to $5.7 million in the first quarter of 2005 and $5.8 million in the fourth quarter of 2005. InsWeb's net loss for the first...
Northwest Briefs.(Business)
Nycomed reports profit growth ARLINGTON HEIGHTS - Nycomed Amersham PLC reported its second- half earnings rose 8.2 percent as it sold more of its drug discovery equipment, Bloomberg News said Tuesday. Net income before one-time items rose to $105 million, or 17.3 cents per...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| John Cadigan | CTO & Senior Vice President |
| Kiran Rasaretnam | CFO |
| Steven J Yasuda | Chief Accounting Officer, Controller & Vice President |
| Adam Cherubini | Senior Vice President, Client Dev |
| Brad Cooper | Senior Vice President, Marketing & Advertising |
| Eric Loewe | Senior Vice President |
| L. Eric Loewe | General Counsel, Secretary & Senior Vice President |
| James M Corroon | Director |
| Robert A. Puccinelli | Director |
| Thomas W. Orr | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Hussein Enan | Chairman & CEO |
| Dennis Chookaszian | Board of Directors |
| William Griffin | Board of Directors |
Hussein Enan has been Chairman of the Board of InsWeb Corporation since founding the company in February 1995, and has held the title of Chief Executive Officer from inception to June 2002 and again since August 15, 2004. Mr. Enan also served as President of the company from May 1999 to June 2000. Prior to InsWeb, from November 1970 to March 1979, Mr. Enan held a number of executive positions at BEP International, a Canadian reinsurance intermediary, before becoming a Senior Partner at the Company. In 1979 he founded Enan & Company, which became one of the largest reinsurance intermediaries in the western United States. From March 1992 to November 1994, he was a General Partner at E.W. Blanch, a reinsurance intermediary with which Enan & Company merged in March 1992 and which went public in 1993 on the NYSE (EWB), and was since acquired by Benfield, a British publicly traded company. Mr. Enan spent the early part of his career at C.T. Bowring & Company in London. He graduated with a B.A. in Economics from the American University in Cairo, Egypt, his native country.
| Organization | Position | Status |
|---|---|---|
| InsWeb Corporation | Chairman & CEO | Current |
| InsWeb Corporation | President | Former |
| InsWeb Corporation | Senior Partner | Former |
| InsWeb Corporation | Board of Directors | Former |
| American University | Former |
John Cadigan is Chief Technology Officer for InsWeb Corporation. Mr. Cadigan is responsible for technical operations and facility infrastructure. Mr. Cadigan joined InsWeb in 1999 from Cigna Financial Institution Services. While at Cigna (1993-1999), he served as the Director of Technology and was responsible for all technical aspects of the operation and the implementation of new services. Before his time at Cigna, Mr. Cadigan worked at Saddleback Community College and served in the United States Marine Corps. Mr. Cadigan has a B.S in Computer Science from the University of California, Irvine.
| Organization | Position | Status |
|---|---|---|
| InsWeb Corporation | CTO & Senior Vice President | Current |
| University of California, Irvine | B.S In Computer Science | Former |
Kiran Rasaretnam joined InsWeb in March 1999 and is InsWeb’s Senior Vice President and Chief Financial Officer. Mr. Rasaretnam is responsible for overall oversight of the financial operations of the company. Before joining InsWeb, Mr. Rasaretnam was the regional actuary and finance director for the largest region of the Fireman’s Fund Insurance Company. While at Fireman’s Fund (1990 to 1999), he also held several pricing actuary positions in both the personal and commercial lines operations. Mr. Rasaretnam became a Fellow of the Casualty Actuarial Society in 1998. He graduated from the University of California, Berkeley in 1990 with a B.A degree in Applied Mathematics with an emphasis in Statistics and Economics.
| Organization | Position | Status |
|---|---|---|
| InsWeb Corporation | CFO | Current |
| InsWeb Corporation | Vice President | Former |
| Fireman's Fund Insurance Company | Finance Director | Former |
| Fireman's Fund Insurance Company | Regional Actuary | Former |
| University of California, Berkeley | Bachelor of Arts Degree In Applied Mathematics | Former |
Steve Yasuda joined InsWeb in December 1999 as Manager, Budget and Reporting and has been the Corporate Controller since September 2001. On September 2004, he was promoted to Vice President, Corporate Controller. On April 16, 2007, Mr. Yasuda took on the additional role of Chief Accounting Officer. Mr. Yasuda is responsible for all accounting related functions for of the company. From 1997 to 1999, Mr. Yasuda worked in the operations accounting department of Electronic Arts. Mr. Yasuda graduated from California State University, Fresno in 1990 with a B.S degree in Business Administration, with an Accounting option and has been licensed as a CPA since August 1994.
| Organization | Position | Status |
|---|---|---|
| InsWeb Corporation | Chief Accounting Officer, Controller & Vice President | Current |
| Budget Corp | Manager | Current |
| The Reporting Company | Manager | Current |
| InsWeb Corporation | Manager | Former |
| California State University | Bachelor of Science Degree In Business Administration | Former |
Adam Cherubini joined InsWeb in November 1999 and is the Senior Vice President of Client Development. Mr. Cherubini is responsible for the growth of the AgentInsider platform as well as developing other relationships that will serve to broaden InsWeb's distribution network. Before joining InsWeb, Mr. Cherubini worked as a broker for Willis-Corroon as well as held underwriting/sales functions at The Travelers and CIGNA. He has a B.S. in Psychology from Denison University and an MBA in Finance from the University of DePaul.
| Organization | Position | Status |
|---|---|---|
| InsWeb Corporation | Senior Vice President, Client Dev | Current |
| Denison University | B.S. In Psychology | Former |
Brad Cooper is the Senior Vice President of Marketing & Advertising for InsWeb Corporation. Mr. Cooper oversees direct marketing, advertising, and the consumer experience here at InsWeb. Prior to joining InsWeb in September 2000, Mr. Cooper began his career with Price Waterhouse as a certified public accountant. He earned his bachelor’s degree in Business Administration from California State University, Sacramento.
| Organization | Position | Status |
|---|---|---|
| InsWeb Corporation | Senior Vice President, Marketing & Advertising | Current |
| California State University | Bachelor's Degree In Business Administration | Former |
Eric Loewe is General Counsel and Secretary for InsWeb Corporation. Mr. Loewe oversees all legal and corporate compliance matters for the company. Before joining InsWeb in October 1998, Mr. Loewe was Senior Counsel for the National Association of Independent Insurers, providing legal and government affairs advice to the association's 570 member insurance companies. Mr. Loewe holds a BA from Loyola University Chicago and a JD degree from IIT Chicago-Kent College of Law. He is a member of both the Illinois and California bar associations, and is on the Board of the Sacramento Chapter of the Association of Corporate Counsel.
| Organization | Position | Status |
|---|---|---|
| InsWeb Corporation | Senior Vice President | Current |
| Sacramento Chapter | Board of Directors | Current |
| InsWeb Corporation | Secretary | Current |
| InsWeb Corporation | General Counsel and Secretary | Former |
| IIT Chicago-Kent College of Law | Jd Degree | Former |
| Loyola University | BA | Former |
| Loyola University Chicago | Ba | Former |
| Organization | Position | Status |
|---|---|---|
| InsWeb Corporation | General Counsel, Secretary & Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| The Health Enhancement Company, Inc. | President | Current |
| University of Chicago Graduate School of Business | Professor | Current |
| Physicians Preferred | Management Consultant | Current |
| ProspX, Inc. | Chairman | Current |
| Genstar Capital LLC | Board of Directors | Current |
| Marshall & Swift Inc. | Director | Current |
| Northwestern Memorial HealthCare | Director | Current |
| Cbd-Hq | Director | Current |
| Beta Gamma Sigma | Board of Directors | Current |
| InsWeb Corporation | Board of Directors | Current |
| Interocean Financial Group LLC | Board of Directors | Current |
| Career Education Corporation | Board of Directors | Current |
| Sapient Corporation | Board of Directors | Current |
| CNA Financial Corporation | Chairman | Former |
| The London School of Economics | Master of Science Degree In Economics | Former |
| University of Chicago | Master's Degree In Business Administration | Former |
| Northwestern University | Bachelor's Degree In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Fort Point Insurance Services, Inc | Advisor | Current |
| Fort Inc. | Vice Chairman | Current |
| Fort Point Insurance Services, Inc | Vice Chairman | Current |
| InsWeb Corporation | Director | Current |
| California Inc | Director | Current |
| San Francisco Symphony | Board of Directors | Current |
| Dominican University | Trustee | Former |
| Insurance Agency, Inc. | Vice Chairman of the Board | Former |
| InsWeb Corporation | Vice Chairman of the Board | Former |
| San Francisco Gen Hospital Foundation | Board of Directors | Former |
| Dominican University | Trustee | Former |
| Organization | Position | Status |
|---|---|---|
| Epolicy Solutions, Inc. | Current | |
| InsWeb Corporation | Director | Current |
| InsWeb Corporation | member | Former |
| California Business Roundtable | member | Former |
| Organization | Position | Status |
|---|---|---|
| Pay No Tax | Current | |
| AeroCentury Corp. | Chair | Current |
| InsWeb Corporation | Director | Current |
| California Society of Certified Public Accountants | Board of Directors | Current |
| American Institute of Certified Public Accountants | Member | Current |
| California Society of Certified Public Accountants | Member | Current |
| Bregante | Partner | Former |
| University of Minnesota | Bachelor's Degree In Business Administration | Former |
| University of Minnesota | Degree In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| Strongmail Systems, Inc. | Chief Financial Officer | Current |
| InsWeb Corporation | Board of Directors | Current |
| InsWeb Corporation | CFO | Former |
| Inference Corporation | Cfo | Former |
| University of California, Santa Barbara | bachelor's degree in business economics | Former |
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