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July 27, 2015 10:24 PM ET

Insurance

Company Overview of Allstate Insurance Company

Company Overview

Allstate Insurance Company provides insurance services. The company offers home security, business, supplemental health, long-term care, boat, flood, identity theft expenses, and motor home insurance products. It also provides financial products, such as annuities, education savings, IRAs, and mutual funds; emergency roadside assistance; and checking and savings accounts, money market accounts, and certificates of deposit. In addition, the company offers life insurance products. It provides its products and services through a network of agencies, financial specialists, brokers, bank representatives, insurance agents, and financial advisors in the United States and Canada. The company was fou...

2775 Sanders Road

Northbrook, IL 60062

United States

Founded in 1931

Phone:

847-402-5000

Fax:

847-402-1605

Key Executives for Allstate Insurance Company

Chairman and Chief Executive Officer
Age: 57
President
Age: 57
Senior Vice President, Chief Executive of Life Insurance & Annuities Unit - Allstate Financial and President of Life Insurance & Annuities Unit - Allstate Financial
Age: 58
President of Allstate Protection South Regions
Age: 61
President of Emerging Businesses
Age: 53
Compensation as of Fiscal Year 2015.

Allstate Insurance Company Key Developments

Allstate Insurance Company Announces Executive Changes

On December 17, 2014, The Allstate Corporation announced that Matthew E. Winter, current President Allstate Personal Lines of Allstate Insurance Company (AIC), has been elected President of AIC, effective January 5, 2015. As part of the organizational changes, Don Civgin, current President and Chief Executive Officer of Allstate Financial, was elected President, Emerging Businesses of AIC, effective January 5, 2015.

Allstate Insurance Co. Settles Policyholder Lawsuit for $22 Million

Allstate Insurance announced that the company has agreed to settle a lawsuit claiming that the company declined to reimburse Patrick Hennessy, a policyholder, for injuries from an automobile collision. The company, which has agreed to settle the bad faith lawsuit for $22 million, reportedly declined a payment of $250,000 to resolve Hennessy's claim, and the case went to trial. A Philadelphia jury had awarded Hennessy $19.1 million May 2013, but his attorney wanted to prove that the insurance company acted in bad faith by refusing to pay Hennessy.

National Railroad Passenger Corp. Files a Lawsuit Against 22 Separate Insurance Companies

National Railroad Passenger Corp., also known as Amtrak, filed a lawsuit against 22 separate insurance companies, alleging they failed to provide coverage for environmental claims spanning from 1972 through 1986. According to the lawsuit, Amtrak purchased insurance policies from the defendant insurers during that time. Amtrak subsequently had to defend property damage and bodily injury claims attributable to environmental pollutants, including asbestos. Amtrak allegedly spent more than $40 million on the property damage claims and $92 million on the bodily injury claims. The defendant insurers include Allstate Insurance Co., Lexington Insurance Co., Nationwide Mutual Insurance Co. and Evanston Insurance Co., among others.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 2, 2015
16-story Office Building at 1401 17th St.
 

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