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In 2006, SquareTrade began offering consumer protection plans for portable devices, appliances, and other electronics, both online and through large retailers. That same year, PC Magazine ranked it number 93 on its list of the "Best 100 Web Sites of the Year."
In January 2017, Allstate acquired SquareTrade, a consumer electronics and appliance protection plan provider. The acquisition cost a reported $1.4 billion from a group of shareholders. [23] In July 2020, Allstate announced it was acquiring National General for $4 billion.
The losses also could prompt insurers to further raise premiums, even though some insurers already have been granted big rate hikes, such as a 34% increase Allstate received last year.
Even Consumer Reports stated that protection plans are “cash cows” and “it’s money down the drain.” As they explained, “Stores keep 50% or more of what they charge for these contracts.
Get critical products for computer security, identity theft protection, premium technical support, and more. Choose the plan based on you and your family’s needs.
By highlighting unexpected life events, the campaign emphasizes the importance of comprehensive insurance protection. After the Mayhem campaign, Allstate saw a 4.3% increase in sales, taking in $7 ...
From 2005 to 2006, Wilson was president and chief operating officer of Allstate Corporation, and from 2002 to 2006 he was also president of Allstate Protection. According to salary.com, Wilson received $17.1 million in fiscal year 2017.
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related to: 2 year allstate protection plan