The Allstate Corporation is one of the largest insurance providers in the United States and one of the largest publicly held. The company also has its own line of personal insurance operations in Canada. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was separated in 1993. The company has its headquarters in Northfield Township, Illinois, near Northbrook since 1967. Its current advertising campaign, used since 2004, , "Are you in good hands?" The company spokesperson is Dennis Haysbert.
Video Allstate
Histori
In 1925, Sears held a national contest to determine the brand name of new car tires. After more than two million submissions, "Allstate" was chosen. The trademark was adopted next year. The success of tires in catalogs and retail stores prompted Sears Chairman General Robert E. Wood to praise Allstate's tire contribution to the success of the Sears retail store.
The idea for the Allstate Insurance Company came during a bridge match on a commuter train in 1930, when insurance broker Carl L. Odell applied for Wood, his neighbor, the idea of ​​selling car insurance through direct mail. The idea attracted Wood, and he gave the proposal to the Sears board of directors, who approved it. The Allstate Insurance Company, branded the Sears tire, entered business on April 17, 1931, offering car insurance through direct mail and through the Sears catalog. This is in line with one of the company's goals to sell auto insurance in the same way as Sears sells its merchandise.
Lessing J. Rosenwald was the first co-chair of Allstate, and Odell was appointed vice president and secretary.
In 1933, at the Century of Progress World Fair in Chicago, Allstate Richard E. Roskam sold insurance at a booth at the Sears pavilion. In 1934, Allstate opened its first permanent sale office at the Chicago Sears store.
In 1941, only about a quarter of US drivers had automatic liability insurance. This led to the state of New York issuing a law that sets the driver's financial responsibility for damage or injury from a car accident. The law inspired laws in other countries, and by the mid-1950s almost every country had some kind of financial accountability law on his books.
In 1949, the Allstate Head Office was completed at 3245 W. Arthington Street in Chicago. The current mid-rise building is empty (in 2013) and in danger of demolition. This building is famous for its original post-war development. This location was emptied when the company moved in the postwar years.
The company's "You're in Good Hands with Allstate" slogan was created in 1950 by Allstate general sales manager Davis W. Ellis. By the end of the decade, it was used in the company's first network television advertising campaign, featuring 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 Canada in 1953. Allstate Insurance Company of Canada was founded in 1964. (In 1952 and 1953, Sears also sells cars called Allstate.)
In 1967, the company's home office was moved from Skokie to Northbrook, Illinois. Allstate continued to sell additional types of insurance for customers for a decade, including workers' compensation insurance in 1964, bond guarantee in 1966, seafloor coverage in 1967 and a business package policy in 1969.
The brand itself flourished in the 1950s and 1960s and can be found in various products such as fire extinguishers and scooters. In 1952, an Allstate car was produced, but it failed; it was pulled from stores by 1953. The Allstate brand was finally limited to insurance, tires, and car batteries in the late 1960s before becoming insurance only in the mid-1970s. In 1991, the company went public before becoming fully independent in 1995.
In 1984, the Regional Office Agent Program was introduced to make agents more accessible to customers.
In 1985, Allstate began moving agents from Sears stores and looking for agents in the ward offices. In June 1993, 19.8% of Allstate became public through a stock offering. Allstate became fully independent in June 1995, when Sears released the remaining 80% of the company's shares, distributing 350.5 million Allstate shares to its shareholders.
In 1993, Allstate became a public company when Sears sold a 19.8% stake in the company. At that time, the largest IPO to date.
In 1996, their website www.allstate.com was launched.
In 1999, Allstate launched a new business model that created a single contract for an exclusive independent agent selling Allstate insurance. It also creates a call center network.
In 1999, Allstate purchased a division personal division of CNA Financial and later renamed it the Encompass Insurance Company written by an independent insurance agent, as opposed to direct writing which is a core part of his business.
In 2003, actor Dennis Haysbert became the spokesperson for Allstate, using the tagline "It stood Allstate."
In 2010, actor Dean Winters became part of the Allstate campaign "Mayhem" "manifesting traps, such as collisions and storm damage, which could befall the driver".
In 2012 Allstate Solutions Private Limited (also called Allstate India) was inaugurated in Bangalore which is a technology and operations center to provide software development and business process outsourcing services to its US parent. Allstate Bangalore's operations are focused on business intelligence, analytics, testing and mobility.
In 2018, Allstate collaborated with the Red Cross to distribute disaster devices across the state.
Maps Allstate
Corporate Leadership
The people in this section are members of the company's leadership.
CEO
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
- Thomas J. Wilson - Chairman, CEO, President, Allstate Corporation
- Steven E. Shebik - Allstate's Vice Chairman, Corporations and CEO, Allstate Life Insurance Company
- Brian Bohaty - VP Executive, Corporate Business Transformation
- Don Civgin - President, Allstate Business Service
- John O'Donnell - President, Allstate West Territory, Allstate Personal Lines
- John Dugenske - Executive Vice President, Chief Investment Officer and Strategist, Corporate and President of Allstate, Allstate Investment
- Mary Jane Fortin - President, Allstate Financial
- Suren Gupta - Executive VP, Allstate Technology & amp; Strategic Efforts
- Harriet Harty - Executive VP, Human Resources
- Guy Hill - Executive VP, Product Integration & amp; Management
- Susan Lees - Executive VP, General Counsel, Secretary
- Katherine Mabe - Executive VP, Allstate Brand Distribution
- Jess Merten - Executive Vice President and Major Risk Officer, Allstate Insurance Company
- Julie Parsons - VP Executive, Product Operations
- David Prendergast - President, Eastern Region Allstate
- Mario Rizzo - Executive VP and Chief Financial Officer, The Allstate Corporation
- Ken Rosen - Executive Vice President and Claim Officer
- Glenn Shapiro - President, Allstate Personal Lines
- Steven P. Sorenson - VP Executive, Allstate Brand Operation
- Thomas Troy - VP Executive, Allstate Business Insurance, Insurance, Esurance and Ivantage, Allstate Insurance Company
Ads
"Good Hands"
The Allstate slogan "You are in good hands" was created in 1950 by sales executive Allstate Insurance Company, Davis W. Ellis based on the same phrase he used to convince his wife about a doctor who cared for their child. It has been a slogan since 1950. Allstate also calls themselves "Good Hands People."
In the 1960s and 1970s, TV commercials, prints and radios featured Allstate spokesman Ed Reimers. Reimers are often displayed making hand movements cupped. For 22 years, he remains a spokesperson.
A study in 2000 by the Department of Communications Medu Graduate from Northwestern University, Integrated Marketing Communications, found that Allstate's slogan "You're in good hands" is classified as the best known in America.
"Stan Allstate"
Organization
Allstate Corporation owns and operates 18 companies throughout the United States, Canada and India.
Based in San Francisco, California:
- Esurance, Inc.
Based in Northbrook, Illinois:
- Allstate Fire and Victim Insurance Company
- Allstate Insurance Company
- Allstate Indemnity Company
- Allstate Life Insurance Company
- Allstate Property and Accident Insurance Company
- Insurance Insurance Company
Based in Bridgewater, New Jersey:
- Allstate New Jersey Insurance Company
- Allstate New Jersey Property and Accident Insurance Company
Based in Hauppauge, New York:
- Allstate New York Life Insurance Company
Based in St. Petersburg, Florida:
- Castle Lock Insurance Company
- Company Key Castle Indemnity
Berbasis di Irving, Texas:
- Allstate County Mutual Insurance Company
- Allstate Texas Lloyd's
Berbasis di Jacksonville, Florida:
- American Heritage Life Insurance Company
Based in Markham, Ontario:
- Allstate Canada Insurance Company
Based in Bangalore, India:
- Allstate Private Limited solution
Based in Pune, India:
- Allstate Private Limited solution
Sponsors
Arena Allstate
Allstate holds the naming rights for the Allstate Arena in Rosemont, Illinois, near the company's headquarters.
College soccer
Allstate sponsors the destination network at more than 67 colleges and universities. For each field goal and extra point kicked, Allstate contributes to a public college scholarship fund. To date, the donation exceeds $ 2.9 million. Allstate also sponsors a branded net for field targets and additional points in over 20 college bowl games, including the Allstate Sugar Bowl and BCS National Championship Game.
In addition, Allstate is a partner of the Southeastern Conference and its 20 sports, including football.
Sugar Bowl
Since 2007, Allstate has been the main sponsor of Sugar Bowl, one of four games that make up the Bowl Championship Series. The game is played at the Mercedes-Benz Superdome, which is also the home of the New Orleans Saints. Allstate is also a sponsor of the New Orleans Saints.
The Allstate BCS 2012 National Alliance Championship is played on January 9, 2012 and aired on ESPN.
Allstate Wrigleyville Classic
Wildcats Northwestern and Illini Fighting Illini played a college football game at Wrigley Field on 20 November 2010. This was the first soccer game at Wrigley Field since 1970 and the first college football game at Wrigley Field since 1938 when DePaul University played regular games at Wrigley. Allstate title sponsor this game.
AllState AFCA Team Good Works
Allstate advertises through the American Football Coaches Association "Good Works Team" where local Allstate agents surprise players with trophies in the main Allstate marketing area.
Soccer
In 2007, Allstate sponsored the Mexican National Team, and in 2011 partnered with Major League Soccer and the United States Football Federation.
NASCAR
Allstate is an Allstate 400 sponsor in the Brickyard from 2005-2009 - the annual NASCAR Sprint Cup Series race held at Indianapolis Motor Speedway at the end of the summer. The Kasey Kahne driver is featured in the ad.
Products available
Allstate is the largest publicly traded property casualty insurer in the US. Products include:
Insurance products
Asset protection: car insurance, homeowners' insurance, condominiums, tenants, scheduled private property, business umbrellas, commercial cars, commercial marine land, small business owners, customizers and business package policies, owner packages, man-made houses, mobile homes, motor homes, motorcycles, boats, personal umbrellas, comprehensive personal responsibilities, recreational vehicles, off-road vehicles, motor clubs, loan protection and flood protection.
Wealth transfer
Plantation planning products, business succession planning products, fixed survival, and family life safety insurance varied variables, long life, universal life, varied universal life, long-term care and supplementary health
Financial products
Asset and accumulated management, life insurance and pensions
Environmental recordings
Allstate has a Sustainability Leadership Team consisting of officials and senior staff from all areas of the company. The team focuses on sustainability efforts from a corporate perspective - including environmental initiatives that embed the "green" programs and processes across their operations.
Criticism
In July 2008, the American Association for Justice ranked Allstate No. 1. 1 among the country's worst insurance companies. This rating is given because: "Although Allstate publicly praised his 'good' approach, he has personally instructed his agents to use a 'boxing glove' strategy against their policyholders," said American Association for Justice CEO Jon Haber. They've changed their approach. Allstate criticized the report, with a spokesman noting that "Personal injury lawyers behind this report do not provide support for their statements other than the old recycling allegations that have proved unfounded in a court of law." In 2009 Allstate successfully struggled to get the federal TARP funding eligibility just to reject it after they earned eligibility.
Automatic insurance claim
An investigative report in February 2007 by CNN found that major auto insurance companies, such as Allstate, are increasingly fighting auto insurance claims from those injured by insured members. Allstate currently commands 18% of the car insurance market in the United States.
Homeowner claim
The PBS television program Now , along with Bloomberg Markets magazine, exposes Allstate and other major homeowners insurance policies.
Disaster exposure management
Allstate has stated its intention to reduce its exposure in stormy Florida. In November 2006, Allstate did not update the 120,000 policies that expired at the time. Governor Charlie Crist and the Florida Cabinet issued a 90-day emergency order temporarily preventing insurance companies from a non-current policy. On February 20, 2007, Florida Insurance Commissioner Kevin McCarty clarified the order, stating that insurance companies may issue new policies if they meet certain requirements, including applying a new lower tariff to the state and giving customers 100 days notice.
From the Glove Good Hands to Boxing
This is the title of the book written by David Berardinelli, JD;, Michael Freeman, PhD, DC, MPH; and Aaron DeShaw, DC, JD with the foreword by Eugene R. Anderson.
This book links the profit-increasing strategy that McKinsey & amp; The Company is presented to Allstate to maximize profits and reduce the amount of money sent to clients who make claims. McKinsey specializes in redesigning product delivery systems for Fortune 100 companies (including controversial clients like Enron) to maximize profits. McKinsey's recommendation for Allstate, according to Berardinelli, is for low-ball claims so desperate customers in trouble will be more likely to accept a settlement offer while Allstate continues to generate profits and collect interest on insurance payments. Allstate will offer a "good hand" in the way of low ball claims and, if the customer does not receive, for out "boxing gloves."
This book is reviewed by Business Weekly magazine. According to the article, Allstate responded to Berardinelli's allegations by claiming that Berardinelli's allegations were "unfounded and unproven." Rather than trying to deceive customers, the company claims that its main purpose is to benefit the policyholder by identifying "exaggerated claims and fraud" and that "the process is really healthy... to investigate, evaluate, and immediately resolve every claim fairly, based on on benefits. "
The court's decision on the issues disputed by Berardinelli and Allstate has gone both ways. According to Business Week article, in 2006, "Courts and regulators in some states, including New York, Pennsylvania and Washington, have forced Allstate to stop or change his practice in distributing controversial" Do I Need an Attorney? 'form for the people involved in the accident. "On the other hand, the article also states that" Although plaintiffs have succeeded little by little in cases of bad faith in Allstate, insurance companies point to seven court decisions that have resisted attacks against CCPR. In December, the Montana state court noted that while CCPR practices may be illegal 'if abused in certain cases, they remain neutral with no obviously illegal purpose.' "While many of McKinsey's recommended cost reduction strategies at Allstate remain in force, some have been curbing in following legal and regulatory challenges in some states.
Colossus Usage
Much criticism is directed against Allstate (and other insurance companies), including Barardinelli's book, which involves using a software program called "Colossus" to process claims. In 2010, Allstate paid a $ 10 million fine to settle a lawsuit filed by 41 countries regarding inconsistencies in the way Colossus was used. He also agreed to standardize the use of his software. However, "it is important to note that we have not found a systematic disability claim payout," said New York Inspector Inspector James J. Wrynn in a press release.
See also
- SEC Community Service Team
- Laureus Sport for the Good Rewards
- The Allstate Arena
- List of US insurance companies
- Allstate Northern Ireland
References
External links
Source of the article : Wikipedia
0 Comments