Highlights
Northbrook-based Allstate is the nation's No. 2 home and auto insurer, after Bloomington-based State Farm. It was founded in 1931 as part of Sears Roebuck & Co. Allstate became a publicly traded company in 1993. At the time, its initial public offering was the largest in U.S. history. On June 30, 1995, it became a standalone company after Sears divested its remaining shares to Sears stockholders.
Northbrook-based Allstate is the nation's No. 2 home and auto insurer, after Bloomington-based State Farm. It was founded in 1931 as part of Sears Roebuck & Co. Allstate became a publicly traded company in 1993. At the time, its initial public offering was the largest in U.S. history. On June 30, 1995, it became a standalone company after Sears divested its remaining shares to Sears stockholders.
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Barber's efforts are cut above
The barber spent at least 20 minutes grooming his client's hair and beard. With his clippers, brush, razor and shaving cream, he skillfully tended to every detail, frequently asking the man in the chair his preferences. When the appointment was done,...Tags: Annapolis, Trips and Vacations, Homelessness, Odenton, Martin Luther King Jr.
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Insurers offering policies for ID theft
Los Angeles TimesAfter someone used Robert Nighan's credit card to charge $2,000 worth of golf clubs in California, the insurance executive got an idea. Nighan - who doesn't play golf and lives in Hartford, Conn. - figured out a way to make crime pay legally: Sell an...Tags: Santa Monica, Chubb Corporation, Fraud, Lawyers, ChoicePoint Incorporated
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ID theft coverage draws criticism
Times Staff WriterAfter someone used Robert Nighan's credit card to charge $2,000 worth of golf clubs in California, the insurance executive got an idea. Nighan — who doesn't golf and lives in Hartford, Conn. — figured out a way to legally make crime pay: Sell...Tags: Santa Monica, Chubb Corporation, Fraud, Lawyers, ChoicePoint Incorporated
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Car insurance premiums pushed up by rising fraud
The Wall Street JournalA rash of fraudulent claims is jacking up automobile-insurance bills in major cities throughout the country. The fraudulent claims, which involve faked car thefts or injuries, are most prevalent in parts of New York, New Jersey, Florida, California and...Tags: Hospitals and Clinics, Car Repair and Maintenance Tips, Automotive Equipment, Fraud, Manhattan (New York City)
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Insurance claims piling high
Dow Jones NewswiresThousands of claims are beginning to stream in to insurers as residents make their way back to their waterlogged and wind-blown homes after Hurricane Isabel. Insured property losses from the storm could exceed $1 billion, which would make it one of the...Tags: Natural Disasters, Hurricanes, Columbus, Bloomington, Hartford Financial Services Group Incorporated
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Fallout from Dewey collapse hits clients
ReutersNEW YORK (Reuters) - For eight years, hundreds of victims of militant attacks in Israel have pursued litigation against a Jordanian bank they claim provided financial services to Hamas and other militant groups. Now the plaintiffs have a new legal...Tags: Prosecution, Bankruptcy, Litigation, National Football League Players Association, Legal Service
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YOUR MONEY-Get insurance bundled while prices are still hot
ReutersBy Beth Pinsker Gladstone NEW YORK, May 24 (Reuters) - If you believe the multitude of insurance ads you see on television, bundling can save you money. And right now, there may actually be some truth in advertising. One sample quote from Travelers...Tags: Natural Disasters, Personal Finance, Deloitte Touche Tohmatsu Ltd., Retirement Planning Services, GEICO
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Get insurance bundled while prices are still hot
ReutersNEW YORK (Reuters) - If you believe the multitude of insurance ads you see on television, bundling can save you money. And right now, there may actually be some truth in advertising. One sample quote from Travelers Cos Inc, for example, showed homeowners...Tags: Natural Disasters, Personal Finance, Deloitte Touche Tohmatsu Ltd., Retirement Planning Services, GEICO
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State Hurricane Facts In Advance Of Season Starting June 1
The Hartford CourantIf the Great New England Hurricane of 1938 happened in present conditions, it would cost an estimated $38 billion in damage that would be covered by insurance, which says nothing of the overall economic cost. The estimate by AIR Worldwide is included...Tags: Hurricanes, Natural Disasters, Chubb Corporation, Bridgeport (Fairfield, Connecticut), Long Island
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Allstate shareholders back executive pay
Tribune reporterAllstate Corp.executives got 92 percent approval on the say-on-pay vote at their annual shareholders meeting Tuesday, up from the 58 percent last year. Also, Chief Executive Tom Wilson received almost 97 percent of the votes cast as he sought re-election...Tags: Concerts, Standard & Poor's Financial Services LLC, CEO Pay, Annual Reports, Shareholders
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Pay packages keep rising for Chicago-area CEOs
Our annual examination of CEO compensation for the region's largest publicly traded companies shows that many corporate leaders pulled down big packages, while the group saw median pay increase 8.5 percent. That compares with a median increase of 6...Tags: Ventas Incorporated, Corporate Officers, Proxy Filings, Ameet Sachdev, Shareholders
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Political advocacy piques shareholders' interest
In this presidential election year, shareholders are increasingly curious about the political agendas of public companies.
Investors filed more than 100 resolutions this year asking companies to disclose what they spend on political advocacy, according...Tags: Chicago Tribune Columnists, Same-Sex Marriage, Exelon Corp., Chicago Tribune, U.S. Chamber of Commerce
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