Allstate Insurance Company
Founded in 1931 as part of Sears, Roebuck and Co., The Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967. Allstate is a large corporation, and with 2018 revenues of $39.8 billion it ranked 79th in the 2019 Fortune 500 list of the largest United States corporations by total revenue.
The idea for Allstate Insurance Company came during a bridge game on a commuter train in 1930, when insurance broker Carl L. Odell proposed to Wood, his neighbor, the idea of selling auto insurance by direct mail. The idea appealed to General Robert E. Wood, and he passed the proposal to the Sears board of directors, which approved it. Allstate Insurance Company, named after Sears’ tire brand, went into business on April 17, 1931, offering auto insurance by direct mail and through the Sears catalog. 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.
The first claim paid was to a man who showed up at the office holding a car door handle in his hand after an attempted car theft.
Allstate became an advocate for making seat belt use mandatory in the 1960s and began selling commercial coverage in the late 1960s. In 1976, the company adopted the slogan “You’re in Good Hands with Allstate,” which is still used today.
LeadershipTOM WILSON is the Chair, President and Chief Executive Officer of The Allstate Corporation. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation’s Board of Directors in 2008.
CARRIE BLAIR – Executive Vice President, Chief Human Resources Officer
ELIZABETH BRADY – Executive Vice President, Chief Marketing, Customer and Communications Officer
ERIC BRANDT – Executive Vice President, Chief Claims Officer
DON CIVGIN – Vice Chair, The Allstate Corporation, and Chief Executive Officer, Protection Products and Services
RHONDA FERGUSON – Executive Vice President, Chief Legal Officer, General Counsel, and Secretary
SUREN GUPTA – Executive Vice President, Allstate Technology, Services & Ventures
GUY HILL – Executive Vice President, Personal Property-Liability Product
SUSAN L. LEES – Executive Vice President, Chief Sustainability Officer
JULIE PARSONS – Chief Operating Officer, Personal Property-Liability
MARK PRINDIVILLE – Executive Vice President and Chief Risk Officer
GLENN SHAPIRO – President, Personal Property-Liability
STEVEN P. SORENSON – Executive Vice President, Corporate Business Transformation
TERRANCE WILLIAMS – Executive Vice President and General Manager of Allstate Agency Distribution
Allstate Corporation owns and operates 19 companies around the United States, United Kingdom, Canada and India.
Based in San Francisco, California:
Based in Northbrook, Illinois:
• Allstate Fire and Casualty Insurance Company • Allstate Insurance Company
• Allstate Indemnity Company • Allstate Life Insurance Company
• Allstate Property and Casualty Insurance Company • Encompass Insurance Company
Based in Bridgewater, New Jersey:
• Allstate New Jersey Insurance Company • Allstate New Jersey Property and Casualty Insurance Company
Based in Hauppauge, New York:
• Allstate Life Insurance Company of New York
Based in St. Petersburg, Florida:
• Castle Key Insurance Company • Castle Key Indemnity Company
Based in Irving, Texas:
• Allstate County Mutual Insurance Company • Allstate Texas Lloyd’s
Based in Jacksonville, Florida:
• American Heritage Life Insurance Company
Based in Northern Ireland, United Kingdom:
• Allstate Northern Ireland (ANI)
Based in Markham, Ontario:
• Allstate Insurance Company of Canada
Based in Bangalore, India:
• Allstate Solutions Private Limited
Based in Pune, India:• Allstate Solutions Private Limited
Awards and Recognition
The company caters to the unique needs of a diverse clientele and has won awards for embracing diversity in the workplace and offering advancement opportunities to women in particular.
In 2005, InformationWeek named Allstate as one of the top 50 innovative users of information technology.
Fortune magazine ranked Allstate as the second most admired company in the Property and Casualty industry in 2005.
Hispanic Business magazine ranked Allstate in the Top 50 Companies for Hispanics in 2005 and 2008. In 2009, Newsweek recognized Allstate as one of “100 Greenest Companies in America.”
Pros and Cons
Pros• Allstate is the third largest auto insurer in the U.S and offers insurance in all states.• There are more than 19,000 independent contractor agents across the country so it’s easy to find an agent in your area.• Allstate offers a range of insurance packages that can be customized.• The Allstate app is very helpful for managing your account.
Cons• Allstate does not offer rideshare insurance for Uber and Lyft drivers.• High rate compared with other insurers.• Customer satisfaction ratings are average.
Address: 2775 Sanders Rd, NORTHBROOK, IL 60062-6110
Phone: 1-877-810-2920, 1-800-ALLSTATE (1-800-255-7828)
References➢ https://www.allstate.com/➢ https://www.nerdwallet.com/blog/insurance/allstate-insurance-reviews/➢ https://en.wikipedia.org/wiki/Allstate➢ https://purchase.allstate.com/onlineshopping/welcome?_ga=2.91999322.1743716899.1606844577-459501132.1606844577➢ https://www.reuters.com/companies/ALL➢ https://www.motor1.com/reviews/390838/allstate-auto-insurance/