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The company also has personal line insurance operations in Canada. Allstate is a large corporation, and with 2018 revenues of $39.8 billion, it ranked 79th in the 2019 Fortune 500 list of the largest United States corporations by total revenue. [5]
Founded as the Travellers Life Assurance Company of Canada; name changed in 1924. Merged into Empire Life. Mutual Life Assurance Company: 1868 2002 Renamed Clarica Life in 2000. Acquired by Sun Life in 2002. National Life Assurance Company of Canada 1897 2005 Merged into Industrial Alliance Insurance North American Life Assurance Company: 1881 1995
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In 1999, Illinois-based Allstate Insurance Company purchased the personal lines insurance business from CNA Financial when CNA moved toward commercial lines. Allstate then introduced the Encompass name to its subsidiary in 2000. Encompass distributes its products through 6,500 independent agency locations in 42 states. [3]
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Canada and the United States have a reciprocal agreement for car insurance, meaning U.S. policies are valid there and Canadian policies are valid here. Mexico, on the other hand, is a different story.
Esurance was founded in 1999 by Jean-Bernard Duler, Jeffrey L. Goodman, Huyen Bui, David Griffin, and Charles Wallace, and became one of the first insurance companies to sell policies directly to consumers over the internet, instead of using in-person meetings or phone calls. [1]