auto insurance policy

BEIJING, May 30, 2007 (SinoCast China IT Watch via COMTEX) — Mr. Wang Wei is leading Sooboo.com.cn to grow up as a well-established Internet-based auto insurance in China, and even will take it public on the Nasdaq someday, securing a larger and more known financing platform for his company.

In the light of Mr. Wang, the general manager and founder, Sooboo expects to become a Chinese “GEICO”, which is a famed US auto insurance company holding 7.4 million auto policyholders and insuring more than 12 million vehicles.

Since it was operational on May 18, 2006, Sooboo has achieved a monthly rise of 30% to 40%. It is expected to reach CNY 40 million to CNY 60 million by the end of 2007. The number is estimated at around CNY 300 million by the end of 2008.

If its business has CNY 300 million to CNY 500 million, it can consider going public, according to his expectations. And the time will be at the end of 2008. Now, he has already improved its governance.

Sooboo received a first injection of USD 2 million this March from Cobb & Associates, a US venture investment fund, which owns an about 25% stake in Sooboo. Later, it registered itself as a Chinese-foreign joint venture.

In order to realize the listing dream, he now needs to open a new company in China and put the venture’s profit in the new company, then to register another oversea company in the Cayman Islands or elsewhere and let the oversea company wholly own the domestic company, and finally to make the oversea company public.

Presently, Sooboo is trying to expand at a high speed. The Wang team is building branches in the southern Chinese city of Shenzhen and northern city of Tianjin, and next to open branches in the eastern city of Shanghai, western city of Chengdu, and southern city of Guangzhou. In addition, it plans to form a call center with 50 seats at its Beiing headquarters, combining an Internet- and telephone-based sales network.

Sooboo is seeking more money for expansion. It is scheduled for talks with two venture capital investors from the US and China in early and mid June. The likely injection will be roughly USD 5 million to USD 10 million, far higher than that for the first time.

By the end of 2009, China’s auto insurance market will increase to CNY 300 billion from currently CNY 106 billion, according to a forecast.

(USD 1 = CNY 7.65)

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A recent kanetix study asked the question “Who is the better driver—men or women?” Based on the online auto insurance shoppers in 2006, the trends found might surprise you and offer some insight into this age old debate.

Toronto, Ontario — (SBWIRE) — 06/08/2007 — Today, kanetix (http://www.kanetix.ca), Canada’s insurance marketplace, released results of a recent light-hearted study suggesting that based on 2006’s auto insurance shoppers at www.kanetix.ca, women are better drivers then men.

By looking at the group of auto insurance shoppers from 2006 as a whole, and breaking it down into gender sub-groups, the study clearly shows that men are more likely to have a ticket. For example:

• Men were 3 times more likely to have a ticket for speeding less than 45 km/h over the limit.
• Men were 2.8 times more likely to have a ticket for disobeying a traffic sign or signal.
• Men were 5.7 times more likely to have a ticket for not wearing their seatbelt.

As well, the study showed that for the most popular type of accident, where the driver struck an object or vehicle, Canadian drivers getting quotes in 2006 entered that they struck an object or vehicle 34,022 times. Of these accidents, women drivers accounted for only 34 per cent of the total.

“Of course, there is much more than just tickets and accidents needed to determine who’s a better driver,” explains Gregory Ellis, Co-founder of kanetix. “But, it’s certainly interesting to see the obvious gender divide in our behaviour behind the wheel.”

Whether you have a spotless driving record, a ticket or two, or even an accident, kanetix.ca can help you ensure you are not paying unnecessarily high auto insurance premiums (and many people do.) At http://www.kanetix.ca/auto-insurance, kanetix offers auto insurance consumers—male or female—a better and quicker way to shop for auto insurance; after all, kanetix is the website where insurance companies compete, and you save money.

About kanetix
Launched in October 1999, kanetix is Canada’s only national, online insurance marketplace. The kanetix insurance information and shopping service brings consumers and insurance companies together in a one-stop shopping environment. Each day, thousands of consumers visit the kanetix website to compare insurance quotes from a variety of Canadian insurance companies. Users can select the insurance quote of their choice and choose to complete the application for coverage online or purchase their policy over the phone.

In addition to the insurance marketplace, kanetix is the leading provider of online insurance quotation technology and develops online quotation systems and websites for some of Canada’s leading insurance providers.

Let’s change the subject from the Milton Bradley — the A’s would sure appreciate that — in part because the situation remains in flux (Bradley’s traded to Kansas City! Nope, he’s injured again!), in part because I hate being asked to wildly speculate, and because I don’t much care for the free pass Billy Beane has gotten on this and I’m bound to say something impolite. The way some A’s fans treat Oakland’s GM makes the ancient Israelites’ treatment of the Golden Calf look like a low-key fan club. What was it that Vida Blue once said about Alvin Dark? I knew he was a religious man, but he’s worshipping the wrong god?

I’m inching closer to being impolite, aren’t I?

We’re not going to talk about the action on the field either — not with the A’s getting trounced Friday (keep it close, boys, maintain dignity), wasting another excellent Joe Blanton outing Saturday (maybe you shouldn’t leave your feet in that situation, Travis Buck), and going through the motions (at least for the first two innings) of today’s game. So what can we talk about, giving these restrictions and the fact that I’m in a lousy mood after being involved in an auto accident yesterday where the other drive went across a double yellow line to smash into us and then, when we requested that he pull over to exchange insurance information, sped off in the opposite direction? (To be fair, by driving off, he probably gave us all the information about his auto insurance that we were going to get.)

Let’s check the progress of an arbitrary stat that I made up that beginning of the year.

Readers of the increasingly infrequent Game Summaries will know that I name a Star of the Game for each contest. Here’s how I described it in that very first Game Summary:

When I keep score of a game, I always put a star next to the player who I feel contributed most to the outcome, whether it’s an Athletic or one of the villains. Because I’m an extra brand of nerdy, I usually turn to the person I’m attending the game with and announce, “So and so is the X Star of the Game,” where X is the name of the frosty beverage I’ve been enjoying during the contest. This unfortunate habit has translated to the game logs I keep for my online calendar, and now, gentle readers, I share my madness with you.

So doubtlessly, you are wondering, 73 games into the season, just who on the Oakland squad is bogarting all those Star of the Game honors. You are not wondering this? You are not helping my mood very much.

Anyhow, here’s how it breaks down, though June 23.

Oakland A’s Stars of the Game

4
—
Jack Cust
Dan Haren

3
—
Eric Chavez
Chad Gaudin
Nick Swisher

2
—
Joe Blanton
Travis Buck
Santiago Casilla
Mark Ellis
Dan Johnson
Jason Kendall

1
—
Dallas Braden
Kiko Calero
Bobby Crosby
Lenny DiNardo
Alan Embree
Rich Harden
Mike Piazza
Marco Scutaro
Shannon Stewart
Todd Walker

Haren’s place at the top of the list is self-explanatory. Jack Cust might raise a few eyebrows, but one of the biases of the Star of the Game system is that it tends to favor guys who have game-winning hits. If it helps explain things, two of Cust’s Star of the Game designations came in May in the midst of his Roy Hobbs imitation.

I’m surprised that Eric Chavez is a three-time winner because my perception is that he’s kind of been a non-entity at this point in the year — a sinkhole, as Ken describes his performance. I guess that’s the advantage of timing an occasional hit when there’s a runner on base in a tight game. If I gave out Star of Game honors to the A’s for losses, Joe Blanton would easily have five — there’s Saturday’s game against the Mets, the Curt Schilling near-no-hitter, and the 2-0 loss to Seattle back in April in which Blanton went the distance. But only the guy on a winning team gets Star of the Game honors, so Blanton’s back with the rest of the pack.

Interesting that two guys who are no longer on the active roster — Dallas Braden and Todd Walker — have as many Star of the Game distinctions as regulars Bobby Crosby and Shannon Stewart.

As for the Bad Guys as Hawk Harrelson might say, the very nature of the Star of the Game award makes it unlikely that opposing players pick up repeat honors. Nevertheless, two non-A’s have pulled off the feat this year — Jim Thome, in the April 9 and May 22 games, and Mike Sweeney, whose two winning performances came in just over a week of each other. Oakland plays both the White Sox and the Royals again this season, giving both Thome and Sweeney a chance to pull off the never-before-seen opposing player three-peat.

For those you keeping track of how the A’s are hastening my descent into the bottle — remember, Star of the Game honors are sponsored by whatever refreshing beverage I happen to be enjoying at the time — here’s how the Star of the Game sponsorship honors breaks down through 73 games.

Wine: 23
Beer: 20
Soda: 15
Other: 7
Spirits: 5
Milk: 2

You wouldn’t know it, but that’s a surprisingly strong showing for milk. The way this season is shaping up, I expect spirits to make a strong run leading up to the All-Star break.

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