InsuranceNoodle.com Receives $10 Million From Argonaut Fund

InsuranceNoodle.com will use the financing to expand its business nationally, offering small-business owners online comparative quotes and fulfillment from the nation’s top insurers, including The Hartford, AIG, CNA, St. Paul and Zurich U.S.

Customers fill out an application, receive bindable quotes in 24 hours or less and can buy their policies online. In addition, they have access to real-time advice from licensed, impartial insurance agents through either online chat facilities or a toll-free number, seven days a week from 7 a.m. to 11 p.m.

Upon purchasing a policy, customers are provided with their own web page where they can manage policy changes, obtain certificates of insurance and initiate claims online 24 hours a day. InsuranceNoodle.com is led by Don Urbanciz, the former president and managing director of Marsh Midwest; Robert Rudy, chairman and co-founder, a former McKinsey consultant and group vice president of corporate strategy at CNA; and Richard Madock, the former president of CNA’s $1.2 billion small-business insurance division.

In addition, InsuranceNoodle.com is supported by an experienced marketing staff, technology group and customer service organization.