Wealth management

In Brief: Answer Agency Buys InsLogic

Published March 03, 2006, 2:00 a.m. EST

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Updated March 02, 2006, 5:25 p.m. EST

1 Min Read

Answer Financial Inc., an independent insurance agency in Encino, Calif., announced Thursday that it had bought the assets of InsLogic Corp., an indirect insurance subsidiary of Capital One Financial Corp.

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InsLogic, based in Columbia, S.C., provides Web-based insurance brokerage to retail customers. Answer Financial assumes ownership of InsLogic's insurance policies-in-force and said it plans to maintain the Oak Ridge, Tenn., sales center and retain most of its employees. The deal price was not disclosed.

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Wealth management

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