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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. [8] 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.
Motor vehicle insurance costs, though, continued to soar. The category rose 1.8% in April on a monthly basis and was up 22.6% from a year ago, the largest annual increase since 1979, according to ...
1958 (age 65–66) St. Clair Shores, Michigan, U.S. Alma mater. University of Michigan ( BBA) Northwestern University ( MBA) Occupation (s) ( CEO ), The Allstate Corporation. Thomas J. Wilson (born 1957) is chairman, chief executive officer, and president of The Allstate Corporation. Wilson is also a member of the corporation 's board of directors.
It may have rebounded to 9.5% in 2023, but that's still below the 11.1% average for the S&P 500 as a whole. So, as aggravating as soaring premiums are for drivers, insurers are largely blameless ...
Encompass Insurance is a subsidiary of Allstate Corporation and is one of the largest personal property and casualty insurance brands sold through a network of more than 6,500 independent agent locations across the United States.
AAA and Allstate have long-standing reputations as top car insurance companies in the industry. The American Automobile Association, more commonly known as AAA (“Triple-A”), was founded in ...
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