Tuesday, August 10, 2004

Online insurance- business model a dud?

The Motley Fool observes:

"Insurance...is something that begs to be sold in person...whether the perception is flawed or not, when folks are buying policies under the notion that the insurers will assess the damage and cut you a check when things go wrong, it seems instinctive to secure it locally rather than ferret out a deal online."

InsWeb (Nasdaq: INSW) was trading for less than the $5.26 per share in cash that it was sporting on its balance sheet. Last night, CEO Mark Guthrie stepped down after seven years of service.

I don't think you can simplify the issue down to one dimension. My success suggests that the right blend can achieve superior results to strict adherance to just online or just personal strategies.

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