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Video Privacy Protection Act (VPPA)
Limits the disclosure of personally identifiable information regarding video rentals. It provides one of the strongest consumer privacy protections in Federal law. The law was passed largely in reaction to the disclosure of Supreme Court nominee Robert Bork's video rental records by a newspaper during his confirmation hearings.
Insurance Industry News from ProgramBusiness.comYouZoom.com Expands Online Insurance
SAN DIEGO— YouZoom.com has expanded its online insurance offering to giveindependent agents and brokers in Oregon and Washington the ability to market,sell and service insurance policies over the Internet. With the addition ofthese states, YouZoom Network agents and brokers now can provide online salesand service to more than one in four drivers in the country.
“Consumers in Oregon and Washington will be able to go online to compareprices and buy insurance in a matter of minutes, while still maintaining arelationship with a professional insurance agent or broker who can answerquestions and help when needed,” said President and CEO Kieran Sweeney.“YouZoom's complete Internet offering—multiple quality products to choosefrom, instant purchasing, a local agent and around-the-clock service—has beenvery well received by both agents and consumers to date. We're excited aboutenabling agents in these two states to offer consumers unprecedented ease andconvenience when shopping for insurance.”
YouZoom is building a network of independent agent and broker Web sites whereconsumers can compare prices, purchase insurance, and manage many aspects oftheir insurance policies online. Launched in California in 1999, YouZoomrepresents 10 insurance companies selling personal auto insurance in six states(California, Arizona, Washington, Oregon, Texas and Georgia), accounting for26.2% of the U.S. driving population.
A recent Gomez study projects 54.4% of Internet users intend to shop fortheir next auto insurance purchase online. And according to Forrester Research,Internet sales of auto, home and life insurance will reach $13.5 billion by2004. Yet despite the clear growth potential of this segment, industry surveysshow that only 7% to 20% of Websites offer online quoting, and fewer than 5%offer consumers the ability to buy a policy online. YouZoom Networkagents/brokers are uniquely positioned to fulfill the growing demand for onlinesales and service, Sweeney said.
Independent agents and brokers who would like more information about joiningthe YouZoom Network can contact Deana Giforos at 800/304-2504 ext.8622 or visit http://www.youzoom.com.
YouZoom is an affiliate of ProgramBusiness Storefront Owner ArrowheadGeneral Insurance Agency Inc., which at $400 million in annual premiumrevenue, is one of the nation's largest privately held general insuranceagencies. Arrowhead represents three of the world's leading insurance groups andmore A-rated carriers than any other general insurance agency in the UnitedStates.
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