NU Online News Service, Dec. 7, 11:32 a.m. – Quotesmith.com Inc., Darien, Ill., a Web insurance agency, says it has acquired the assets of Insurance News Network L.L.C., West Hartford, Conn., for $1.4 million in cash and 316,000 stock options.
The assets include an insurance news Web site that the network publishes, at http://www.insure.com
The Insure.com site is one of the seven most visited insurance sites on the Web, and it now serves an average of 400,000 visitors per month, Quotesmith says.
Robert Bland, Quotesmith chairman, said in a statement that his company hopes adding the Insure.com content will help his company attract new customers