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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.
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.
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.
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 ...
11/30/2018: Allstate Corp has acquired PlumChoice "NORTHBROOK, Ill., Nov. 8, 2018 – The Allstate Corporation has agreed to acquire PlumChoice, in a $30 million deal. The privately held company, headquartered in Lowell, Massachusetts, will become part of SquareTrade, Allstate’s provider of protection plans for mobile phones, consumer ...
The markets: The S&P 500 closed up more than 1% on Friday. Futures are up 0.38% this morning, premarket open. … Bitcoin rose to above $98K. … In China, markets continued their declines this ...
Insurance companies typically charge higher rates for drivers under 25 based on statistical data showing a significantly higher risk of accidents and insurance claims for this age group.
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.