36 Facts About Allstate


Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967.

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Allstate is a large corporation, and with 2018 revenues of $39.

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In 1934, Allstate opened its first permanent sales office in a Chicago Sears store.

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In 1949 the Allstate Headquarters Building was completed at 3245 W Arthington Street in Chicago as a part of the Sears, Roebuck and Company Complex.

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Company's "You're in Good Hands with Allstate" slogan was created in 1950 by Allstate's general sales manager Davis W Ellis.

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Allstate added products throughout the 1950s, including fire insurance in 1954 and homeowners and life insurance in 1957.

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Allstate continued to sell additional types of insurance to customers throughout the decade, including worker's compensation insurance in 1964, surety bonds in 1966, inland-marine coverage in 1967 and a business package policy in 1969.

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In 1952, an Allstate car was produced, but it was a flop; it was pulled from stores by 1953.

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The Allstate brand was eventually limited to insurance, tires, and car batteries by the late 1960s before becoming insurance-only in the mid-1970s.

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In 1985, Allstate began to move agents out of Sears stores and locate agents in neighborhood offices.

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In 1999, Allstate unveiled a new business model that created a single contract for exclusive, independent agents selling Allstate insurance.

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In 1999, Allstate purchased the personal lines division of CNA Financial and subsequently renamed it to Encompass Insurance Company which is written by independent insurance agents, as opposed to the direct writing that constitutes the core part of its business.

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In May 2011, Allstate announced that it was purchasing Esurance and rate-comparison site Answer Financial for approximately $1 billion.

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In 2012 Allstate Solutions Private Limited was inaugurated in Bangalore which is a technology and operations centre to provides software development and business process outsourcing services to its US parent.

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In January 2017, Allstate acquired SquareTrade, a consumer electronics and appliance protection plan provider.

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In July 2020, Allstate announced to be acquiring National General Insurance for $4 billion.

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The ads were intended to carry the message that Allstate's service was superior to that from low-cost providers GEICO and Progressive.

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Allstate gives context into the situation and hints at an impending disaster that he will cause, which then takes place.

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Allstate took the role of various pieces of safety equipment, such as a lightning rod mounted on a house's roof to protect it during storms or a flare placed to warn drivers of a roadside vehicle breakdown.

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Allstate had an existing campaign called "Our Stand" featuring Dennis Haysbert that targeted "older, more traditional customers", and the company sought to develop a campaign that would skew toward younger customers.

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In January 2011, Allstate released The Lines, a multi-episode TV drama web series starring actors Teresa Cesario, Kyle Sandgate-Blix, Jackson Schultz, Bridgette Pechman, Chase Maser, and Corey Doyle cast as High-School seniors.

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Allstate Corporation owns and operates 19 companies around the United States, United Kingdom, Canada and India.

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Allstate holds naming rights to the Allstate Arena in Rosemont, Illinois, near the company's headquarters.

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Allstate sponsors branded field goal nets at over 67 colleges and universities.

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Allstate sponsors branded nets during field goals and extra points at over 20 college bowl games, including the Allstate Sugar Bowl and the BCS National Championship Game.

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Additionally, Allstate is a partner of the Southeastern Conference and its 20 sports, including football.

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Since 2007, Allstate has been the title sponsor of the Sugar Bowl, one of the four games that make up the Bowl Championship Series.

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In 2007, Allstate became a sponsor of the Mexico National Team, and in 2011 partnered with Major League Soccer and the United States Soccer Federation.

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Allstate is the largest publicly traded property casualty insurance company in the US.

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Allstate has a Sustainability Leadership Team composed of officers and senior staff from all areas of the company.

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In 2009, Allstate successfully fought to obtain Federal government TARP fund eligibility only to decline it once they obtained eligibility.

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An investigative report in February 2007 by CNN found that major car insurance companies, like Allstate, are increasingly fighting auto insurance claims from those who incurred injuries by their insured members.

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Allstate has stated intentions of reducing its exposure in hurricane-prone Florida.

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McKinsey's recommendation to Allstate, according to Berardinelli, was to low-ball claims so that desperate customers in dire straits would be more likely to accept a settlement offer while Allstate continued to make a profit and collect interest on the insurance payment.

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Many criticisms leveled against Allstate, including Barardinelli's book, involved the use of a software program called "Colossus" to process claims.

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In 2010, Allstate paid a $10 million fine to settle a lawsuit brought by 41 states concerning inconsistencies in the manner in which Colossus was used.

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