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Esurance Insurance Services, Inc. is an American insurance company. It sells auto, home, motorcycle, and renters insurance direct to consumers online and by phone. Founded in 1999, the company was acquired by Allstate in 2011.
Allstate became completely independent in June 1995, when Sears spun off the remaining 80% stake in the company, distributing 350.5 million shares of Allstate stock to its stockholders. [ 10 ] [ 16 ] At the time, it was the largest IPO to date.
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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 then introduced the Encompass name to its subsidiary in 2000.
Bankrate’s premium data from Quadrant Information Services indicates that the annual average cost of home insurance in California is $1,217 for $250,000 in dwelling coverage, which is about 28 ...
For instance, in Northern California, 20% of homebuilders surveyed, at the time, said that buyers’ concerns over property insurance are somewhat slowing sales, and in Southern California, 29% of ...
Wilson serves as chairman of the U.S. Chamber of Commerce Foundation [9] and is a past chairman of the U.S. Chamber of Commerce board of directors. He is involved with numerous civic organizations including P33, [10] an initiative focused on accelerating Chicago's leadership in the digital economy; OneTen, [11] a corporate initiative to upskill, hire and promote one million people into family ...
In a continuing effort to "reduce its exposure to spread-based business," Allstate has entered into a definitive agreement to sell its Lincoln Benefit Life (LBL) business to Resolution Life, a ...