Company Overview of Allstate Insurance Company
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
Founded in 1931
Key Executives for Allstate Insurance Company
Chairman and Chief Executive Officer
Senior Vice President, Chief Executive of Life Insurance & Annuities Unit - Allstate Financial and President of Life Insurance & Annuities Unit - Allstate Financial
President of Allstate Protection South Regions
President of Emerging Businesses
Compensation as of Fiscal Year 2014.
Allstate Insurance Company Key Developments
Allstate Insurance Company Announces Executive Changes
Dec 17 14
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
Oct 3 14
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
Sep 1 14
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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