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The company's underwriter has been AmTrust Financial Services, Inc., but as of 2013, SquareTrade was shifting toward Starr Indemnity. [8] SquareTrade was acquired by Allstate in late 2016, for $1.4 billion, [9] joining Allstate's suite of consumer asset protection services.
Allstate Insurance Company, named after Sears' tire line, went into business on April 17, 1931, offering auto insurance by direct mail and through the Sears catalog. [ 10 ] [ 11 ] This was in line with one of the objectives of a company to sell automobile insurance in the same manner as Sears sold its merchandise.
Car insurance policies are only available to AAA members, and policies are underwritten by various AAA auto clubs. A fellow insurance company with Midwest origins, Allstate was founded in 1931 in ...
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
The "Amazon of the '70s" sold everything under the sun.
In 1897, the company that would become Encompass began selling personal insurance under the motto "Protection and Security." The company’s package policy dates back to then. In 1999, Illinois-based Allstate Insurance Company purchased the personal lines insurance business from CNA Financial when CNA moved toward commercial lines. Allstate ...
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