Homesite Insurance Introduces Home Insurance Products to Consumers in Indiana.
1. Homesite Insurance Introduces Home Insurance Products to
Consumers in Indiana.
Insurer Now Doing Business in 21 States
BOSTON, April 17 /PRNewswire/ --
Homesite Insurance in Boston, Mass., announced today that it will begin offering its homeowners,
condominium and renters insurance products to consumers in Indiana. This announcement marks
Homesite's expansion into 21 states. By offering insurance in Indiana, Homesite moves one step
closer to its goal of providing comprehensive, low- cost insurance to property owners and renters
across the country.
Focusing exclusively on the homeowners market, Homesite has concentrated on addressing
problems long associated with the U.S. homeowners insurance business: high fixed costs, limited
distribution channels, and minimal technological innovation. Homesite's products are available
through a variety of direct and intermediary channels and are distributed through call centers, the
Internet and proprietary channels. Homesite continues to bring cutting- edge technology, innovative
marketing and distribution strategies, and expertise in catastrophe management to the homeowners
business. As a result, Homesite can provide Indiana consumers - and consumers across the country -
with quality insurance products, outstanding customer service and low premiums. For a free
homeowners or renters insurance quote, please visit us at www.homesite.com or call to speak to a
licensed insurance specialist at 1- 800-Homesite.
Formed in 1997, Homesite Group Inc. was launched in 1999 with equity commitments of more than
$200 million from an investment group led by Morgan Stanley Dean Witter Private Equity, the
private equity business of Morgan Stanley Dean Witter (NYSE: MWD). Since its founding 15 years
ago, Private Equity has managed funds that have invested $4 billion in more than 160 companies
around the world. Morgan Stanley Dean Witter Private Equity manages a group of funds that invest
in technology companies with a focus on e- commerce, data communications, Internet infrastructure
and information technology services.
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