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Allstate added products throughout the 1950s, including fire insurance in 1954 and homeowners and life insurance in 1957. Allstate began selling insurance to Canadians in 1953. Allstate Insurance Company of Canada was incorporated in 1964. [ 10 ] (
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]
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
In addition, Allstate is highly-rated by customers who responded in J.D. Power's annual surveys, ranking #15 in the Auto Claims Satisfaction Study with a score of 870/1,000, sixth for renters ...
"From 2017 to 2022, homeowners insurance premiums rose 40% faster than inflation," a June report by the Bipartisan Policy Center says. For millions of households already struggling to make their ...
The sixth-largest homeowners insurer in the state, Allstate first filed for a 39.6% rate increase last year and in January amended its request to 34.1%, according to the state Department of Insurance.
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