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Encyclopedia > Allstate
Allstate Corporation
Allstate Corp logo
Type Public (NYSEALL)
Founded 1931
Headquarters Northbrook, Illinois, USA
Key people Thomas J. Wilson, CEO
Industry Insurance & Finance
Products Auto, Home, and Business Insurance
Revenue $35.383 billion USD (2005)
Operating income $2.418 billion USD (2005)
Net income $1.765 billion USD (2005)
Website www.allstate.com

The Allstate Corporation NYSEALL is the largest publicly held personal lines insurer in the United States. Allstate was founded in 1931 as part of Sears, Roebuck and Company. Image File history File links Allstate_svg1. ... A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... 1931 (MCMXXXI) was a common year starting on Thursday (link is to a full 1931 calendar). ... Northbrook is a village located at the north border of Cook County, Illinois. ... This article or section does not cite its references or sources. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes. ... Wall Street, Manhattan is the location of the New York Stock Exchange and is often used as a symbol for the world of business. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, Maldives the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, Maldives the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, Maldives the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... A Web site (or colloquially, Website) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible via HTTP... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... 1931 (MCMXXXI) was a common year starting on Thursday (link is to a full 1931 calendar). ... This article refers to Sears as it existed prior to its merger with Kmart. ...


In 1952 and 1953, Sears also used the name Allstate for a line of Allstate automobiles, sold through some of its southern department stores, which were rebadged Henry Js made by Kaiser Motors. 1953 Allstate advertising image. ... 1953 Allstate advertising image. ... Kaiser Motors, a subsidiary of Kaiser Industries, was a manufacturer of automobiles in the United States from 1946 - 1963 based in Willow Run, Michigan (USA). ...


The company slogan is "You're in good hands." The current advertising campaign, in use since 2004, asks, "Are you in good hands?" Their current spokesperson is Dennis Haysbert. Allstate sponsors various sporting events, including the Allstate Sugar Bowl, the Allstate 400 at the Brickyard NASCAR race, and the United States Olympic Committee. Dennis Dexter Haysbert (born June 2, 1954) is an American film and television actor. ... This article is about the American football game. ... The Allstate 400 at The Brickyard is an annual 400-mile (644 km) NASCAR Nextel Cup points race held each August at the Indianapolis Motor Speedway in Speedway, Indiana. ... The National Association for Stock Car Auto Racing (NASCAR) is the largest sanctioning body of motorsports in the United States. ... For USOC in telephony, see Universal Service Ordering Code. ...

Contents

Catastrophe Exposure Management

Allstate, like many other insurance companies, has stated intentions of reducing its exposure in hurricane-prone Florida.[1] In November, Allstate began dropping 120,000 policies that were up for renewal at that time.[1] Governor Charlie Crist and the Florida Cabinet passed a 90-day emergency order to temporarily prevent insurance companies from dropping policies.[1] On February 20, 2007, Florida Insurance Commissioner Kevin McCarty clarified the order, stating that insurance companies can drop policies if they satisfy certain conditions, including filing new, lower rates with the state and give customers 100 days notice.[2] This article is about weather phenomena. ... Official language(s) English Capital Tallahassee Largest city Jacksonville Largest metro area Miami Area  Ranked 22nd  - Total 65,795[1] sq mi (170,304[1] km²)  - Width 361 miles (582 km)  - Length 447 miles (721 km)  - % water 17. ... Charles Joseph Crist, Jr. ... February 20 is the 51st day of the year in the Gregorian calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the CE era. ...


On May 11th, 2007 Allstate announced it would no longer offer new homowners policies in California. Official language(s) English Capital Sacramento Largest city Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ...


Competition

Major insurance competitors include State Farm, American Family,Farmers Insurance Group, Nationwide, Progressive, and Geico. State farm can refer to: Sovkhoz, a type of collective farm in the Soviet Union State Farm Insurance, an insurance company in the United States This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... American Family is a photographic artwork exhibition by Renée Cox. ... This article or section does not cite any references or sources. ... Nationwide Mutual Insurance Company & Affiliated Companies is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. ... To meet Wikipedias quality standards and conform with our NPOV policy, this article or section may require cleanup. ... The Government Employees Insurance Company, usually known by the acronym GEICO, is an American auto insurance company. ...


Criticism

Auto insurance claims

An article published on May 2006 in Business Week details how Allstate routinely tries to deny its policy-holders their full legitimate benefits, often paying out less than they're entitled to. Quoting a critic of Allstate, Business Week writes that "Claimants in the "good hands" category may get swift reimbursement, but they will end up with less than they're entitled to, he says. Those who hold out for more -- and retain a lawyer to help them get it -- face battering in the courts and potentially years of delay. "You can get your claims resolved promptly or fairly," he argues, "but not both." Also according to the article, "Allstate deploys a variety of systems...to make sure it pays the minimum necessary -- and it plays hardball with those who seek more."[1]


Allstate is dropping homeowners insurance customers in downstate New York without warning. Do not use Allstate.


Awards

  • Allstate was named one of the 100 Best Companies for Women of Color in 2004.
  • Working Mothers magazine named Allstate a 2006 Working Mother 100 Best Company – marking the 16th year in a row the company has made the list. The Working Mother 100 Best list recognizes employers whose groundbreaking benefits—from flexible schedules and child care to innovative leave policies for new parents—are helping redefine workplace standards across the country.
  • Allstate was honored as a top ten company for African-Americans in technology by Black Data Processing Associates, a national organization dedicated to the professional growth of blacks in the IT industry.

shelby was here 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

Business Process Outsource

Allstate's HR department has decided to outsource some of its major, transactional functions to IBM. This transformation is designed to improve the effectiveness and efficiency of HR services, while allowing HR’s retained services to concentrate on Allstate's overall talent strategy.


In the fall of 2006, Allstate signed an outsourcing contract with IBM to deliver some of the transactional HR work. IBM will provide Allstate with an integrated HR technology platform and improved HR processes. This will lead to better data collection, tracking, and reporting and trend analysis - and, ultimately, better data-driven talent decisions, per the HR leadership.


The transition of work from Allstate to IBM will occur over the next six months, beginning May 1, 2007. The second wave of transition will occur August 1, 2007. To date, it has not been announced how many HR employees will be affected by this outsource, but several HR groups have been identified. Some of the groups that will be affected by the outsource are the HR Service Center, Talent Acquisition, Payroll and Education. IBM will be utilizing their facilities in the US as well as the Philippines to absorb these functions. Allstate will administer 60 day notices to those employees whose current job functions will be outsourced.


See also

The Allstate Arena is a sports arena in Rosemont, Illinois, which is home to the Chicago Wolves hockey club, DePaul University mens basketball, and the Chicago Rush Arena football team. ... Northbrook Technology is a company based in Belfast, Derry and Strabane in Northern Ireland. ...

References

  1. ^ a b c Garcia, Beatrice E.. "Date set for insurance rate filings; Insurers can resume policy cancellations as soon as they file required rate reductions in mid-March", The Miami Herald, February 21, 2007. 
  2. ^ Zucco, Tom. "Ruling: Insurers can drop policies", St. Petersburg Times, February 20, 2007. 

External links


  Results from FactBites:
 
► Allstate Insurance - All State Auto Insurance company Review ◄ (582 words)
Allstate Insurance has been widely popular amongst the consumer because of its excellent services and the faith shown in consumers by the insurance company which has widely helped it in becoming a Fortune 50 company and allowing itself to spread the business.
The Allstate insurance company has a reputation of being present where ever and whenever its consumers need, be it in distress or for any kind of help and this has made it popular amongst the consumer.
Allstate has office in more than 45 states in the U.S. as well as in Canada which cater to the needs of the consumers who can get access to it through their website Allstate.com and also their agents and many more means like these to get in touch with the company.
Curtis v. Allstate Ins. Co. (2060 words)
Allstate consented by letter to the settlement, and indicated that the effect of the settlement would be to "reduce the amount in controversy.
Allstate's counsel then conceded that Saucier resolved the substantive issue presented by the plaintiffs' appeal against Allstate and offered to pay the $11,357.73 difference between Allstate's remaining UM coverage and the amount the plaintiffs were to receive in their settlement with Christensen.
Allstate's insurance contract does permit it to delay payment of disputed amounts until the liability limits of the other policy (1) have been exhausted by settlement or judgment, or (2) become subject to a subrogation and cooperation agreement with the insured.
  More results at FactBites »


 
 

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