Allstate Insurance Company Essay Example | Topics and Well Written Essays - 500 words

Allstate Insurance Company - Essay ExampleAt the time, the initial public offering of Allstate was the largest in U.S. history. On June 30, 1995, it became a totally self-sufficient company after Sears divested its remaining shares to Sears stockholders.For more than 75 years, Allstate leaders, employees and agency owners have been passionate about leading positive change in this country. Serving as a consumer advocate - and an advocate for the American economy - is an integral part of Allstates heritage. In the 1930s, Allstate was one of the first companies to create a sophisticated rate smorgasbord system, giving better rates to safe drivers in the 1950s Allstate opened its first drive-in claim office, revolutionizing the way automobile claims are handled in the sixties the company helped convince the government to make seat belt use mandatory in the 1970s and 1980s Allstate played an instrumental role in advocating the safety benefits of air bags and in the 1990s and 2000s Allst ate has continued to take a public stand on issues that are important to consumers.In 2007, Allstate reported $17.7 gazillion in total property-liability insurance claims and claims expense. The Allstate Foundation donated nearly $20.1 million to nonprofit organizations including $400,000 in scholarships. The Allstate Corporation, its employees and agents donated nearly $6.1 million through the Giving Campaign to nonprofit organizations.