Allstate
Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook, Illinois. It was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993. Allstate is a large corporation, providing a wide range of insurance products, including auto, home, life, and business insurance.
History[edit | edit source]
Allstate was founded in 1931 by Sears, Roebuck and Co. as a division to sell auto insurance by mail. The name "Allstate" was taken from a tire brand sold in the Sears catalog. In 1952, Allstate began selling insurance through its own agents. The company went public in 1993, becoming independent from Sears.
Products and Services[edit | edit source]
Allstate offers a variety of insurance products, including:
- Auto insurance
- Home insurance
- Life insurance
- Business insurance
- Renters insurance
- Condo insurance
- Motorcycle insurance
- Boat insurance
Corporate Structure[edit | edit source]
Allstate operates through several subsidiaries, including:
- Allstate Fire and Casualty Insurance Company
- Allstate Life Insurance Company
- Allstate Property and Casualty Insurance Company
- Allstate Indemnity Company
Marketing and Advertising[edit | edit source]
Allstate is known for its advertising campaigns, including the "You're in Good Hands with Allstate" slogan, which was introduced in 1950. The company has also used notable spokespersons, such as Dennis Haysbert and the character "Mayhem," portrayed by Dean Winters.
Community Involvement[edit | edit source]
Allstate is involved in various community initiatives, including the Allstate Foundation, which focuses on issues such as domestic violence prevention, youth empowerment, and disaster preparedness.
See Also[edit | edit source]
References[edit | edit source]
External Links[edit | edit source]
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Contributors: Prab R. Tumpati, MD
