NU Online News Service, April 29, 2:37 p.m. – Quotesmith.com Inc., Darien, Ill., is reporting a $700,000 net loss for the first quarter on $2.6 million in revenue, compared with a $2.5 million net loss on $2.4 million in revenue for the first quarter of 2001.

The Web-based insurance broker still has $17 million in cash and investments.

The cost of acquiring new business fell to $116 per policy sold, from $451, Quotesmith says.