Allstate sponsors many sporting events, including the Allstate Sugar Bowl. In 2014, Allstate's total revenue was $35.2 billion, of which $28.9 billion came from Property Liability.
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Allstate - insurance companies in USA
History - Allstate
In 1925, Sears held a national contest to decide the name of a new brand of car tires. After over two million name submissions, "Allstate" was chosen as the winner; the trademark was adopted the very next year. The tires' success in both the catalog and retail stores prompted Sears Chairman General Robert E. Wood to praise the Allstate tire's contribution to Sears' retail store success.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 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 catalogThis was in line with one of the objectives of a company to sell automobile insurance in the same manner as Sears sold its merchandise.
Lessing J. Rosenwald was Allstate's first board chairman, and Odell was named vice president and secretary.
In 1933, at the Century of Progress World’s Fair in Chicago, Allstate’s Richard E. Roskam sold insurance at a booth in the Sears pavilion. In 1934, Allstate opened its first permanent sales office in a Chicago Sears store.
In 1941, only about a quarter of U.S. drivers had auto liability insurance. This led to the state of New York passing a law which established the financial responsibility of drivers for damage or injuries resulting from auto mishaps. That law inspired legislation in other states, and by the mid-1950s nearly every state had some sort of financial responsibility law on its books.
In 1949 the Allstate Headquarters Building was completed at 3245 W. Arthington Street in Chicago.[13] The mid-rise building is currently vacant (as of 2013) and in danger of demolition. The building is noted for its early post-war mid-rise construction. This location was vacated at some point when the company relocated in the post-war years.
The company’s "You're in Good Hands with Allstate" slogan was created in 1950 by Allstate’s general sales manager Davis W. Ellis. At the end of the decade, it was used in the company's first network television advertising campaign, which featured actor Ed Reimers.
Allstate added products throughout the 1950s, including fire insurance in 1954 and homeowners and life insurance in 1957. Allstate began selling insurance to Canadians in 1953. Allstate Insurance Company of Canada was incorporated in 1964 (In 1952 and 1953, Sears also sold an automobile called Allstate.)
In 1967, the company's home office was moved from Skokie to Northbrook, Illinois. 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.
The brand itself expanded in the 1950s and 1960s and could be found on a variety of products like fire extinguishers and motor scooters. In 1952, an Allstate car was produced, but it was a flop; it was pulled from stores by 1953. The Allstate brand was eventually limited to insurance, tires, and car batteries by the late 1960s before becoming insurance-only in the mid-1970s.In 1991, the company went public before becoming completely independent in 1995.
In 1985, Allstate began to move agents out of Sears stores and locate agents in neighborhood offices. In June 1993, 19.8 percent of Allstate became public through a stock offering. Allstate became completely independent in June 1995, when Sears spun off the remaining 80 percent stake in the company, distributing 350.5 million shares of Allstate stock to its stockholders.
In 1999, Allstate unveiled a new business model that created a single contract for exclusive, independent agents selling Allstate insurance. It also created a network of call centers.
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.
In 2003, actor Dennis Haysbert became Allstate’s spokesman, using the tagline "That’s Allstate’s stand."
In 2010 the actor Dean Winters became a part of Allstate’s campaign "Mayhem" “personifying the pitfalls, like collisions and storm damage, that can befall drivers”.
In 2012 Allstate Solutions Private Limited (also called Allstate India) was inaugurated in Bangalore which is a technology and operations centre to provides software development and business process outsourcing services to its US parent. Allstate's Bangalore operation is focused on the areas of business intelligence, analytics, testing and mobility.
CEOs
Since going public in 1993:Thomas J. Wilson (2007–present)
Edward Liddy (1999–2006)
Jerry D. Choate (1995–1999)
Wayne E. Hedien (1993–1994)
Current leadership[edit]
Thomas J Wilson-- Chairman, President, CEO
Matthew Winter- President, The Allstate Corporation and CEO, Allstate Life Insurance
Don Civgin- President, Emerging Business
Thomas Clarkson- President, Allstate West Territory, Allstate Personal Lines
James DeVries- Executive VP, Allstate Brand Operations
Judith P. Greffin- Executive VP, Chief Investment Officer Allstate Investments
Sanjay Gupta- Executive VP, Marketing, Innovation and Corporate Relations
Suren Gupta- Executive VP Allstate Technology & Strategic Ventures
Harriet Harty- Executive VP, Human Resources
Guy Hill- Executive VP, Product Integration & Management
Susan Lees- Executive VP, General Counsel
Katherine Mabe- President, Business to Business
David Prendergast- President, Allstate East Territory
Michael J. Roche- Chief Claims Officer
Steven E. Shebik- Executive VP, CFO
Steven P. Soreson- Executive VP, Product Operations
Advertising
"Good hands"Allstate's slogan "You're in good hands" was created in the 1950s by Allstate Insurance Company's sales executive, Davis W. Ellis based on a similar phrase he used to reassure his wife about a doctor caring for their child. It has been the slogan ever since.
In the 1960s and 1970s, TV, print and radio advertising featured Allstate’s spokesman, Ed Reimers. Reimers was often shown making the cupped-hand gesture. For 22 years, he remained the spokesman.
A study in 2000 by Northwestern University's Medill Graduate Department of Integrated Marketing Communications found that the Allstate slogan "You're in good hands" ranked as the most recognizable in America.
"Allstate’s stand"
Beginning in 2003, as policy growth slowed, Allstate’s television commercials used spokesman Dennis Haysbert. The ads were intended to carry the message that Allstate's service was superior to that from low-cost providers Geico and Progressive
Mayhem
Beginning in 2010, Allstate used Dean Winters as "Mayhem", mean to personify the hazards drivers face. The ads conclude with Haysbert asking "Are You In Good Hands?"
Social media
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. The series, filmed in the style of a television drama, depicts the cast in common situations facing teens with respect to driving (Texting while driving in particular). The series appears aimed at promoting interest and support in favor of responsible teen driving and road-safety in general. The Lines spans a total of 8 episodes, each 6–8 minutes in length. Allstate and other large corporations are attracted to the rapid growth of social media for use in their advertising campaigns.
Organization
Allstate Corporation owns and operates 18 companies around the United States, Canada and India.Based in San Francisco, California
Esurance, Inc.
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 Markham, Ontario
Allstate Insurance Company of Canada
Based in Bangalore, India
Allstate Solutions Private Limited
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