


Posted in Allstate , Auto Insurance , Auto Insurance Companies
May 13th, 2010
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Allstate Insurance hopes to boost the economy and its auto insurance business by adding more than 100 agents in Florida this year. The job creation project is a part of a program that targets mid-career and mid-level managers with a financial and sales background; however, there is an interesting price to pay to be considered for one of the positions.
According to recent reports, Allstate Insurance hopes to bring in new candidates to fill in one of more than 100 positions available throughout Florida. However, in order to qualify for a position, the candidate needs a minimum of $50,000 of liquid capital to invest in their new auto insurance agency.
This will help Allstate bolster its auto line and boost its coverage of boats, recreational all-terrain vehicles and motorcycles.
By requiring that new job candidates bring money to invest, the Florida-area Allstate hopes to eventually become a one-stop shop insurance provider to its customers. The hope is that its new candidates can help make this dream a reality.
The benefits for the candidates would include profits coming from investing premiums that are paid by customers before the company pays out a claim. For those who are able to invest, they could end up seeing some significant profits throughout their time with the auto insurance company.
If you live in the Florida area and are interested in this employment/investment opportunity, Allstate asks that you visit its website or call toll-free 1-877-711-1006.
Posted in Allstate , Home Insurance
May 10th, 2010
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Allstate Insurance has recently released steps to take when filing flood insurance claims. With the recent extension of the National Flood Insurance Program, this is a good time to get up to speed with what happens if you need to make a flood insurance claim.
While many homeowners and renters don’t purchase flood insurance unless they’re required to by FEMA and the National Flood Insurance Program (NFIP), it can be a financial life saver if your home is taken over by flood waters. The damage and repair costs can easily reach into the thousands and if you don’t have the money to pay out of pocket, you could quickly find yourself in an overwhelmingly difficult situation.
It’s for this reason that Allstate Insurance is recommending that you strongly consider purchasing flood insurance. And once you make that purchase, know the proper steps to submit a claim.
Here are some steps for filing a claim from Allstate Insurance and NFIP:
Following these steps can speed up your claim flood insurance filing process, no matter what insurance company you work with. So take time to review the steps in the event that you’re home is hit with damaging flood waters.
Posted in Allstate
December 4th, 2009
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More and more drivers are turning to the internet to purchase auto insurance, a move that has prompted larger insurance companies to revise their strategies. It’s an ever-increasing trend for anything that can be purchased locally or online – more people are turning to the internet to purchase.
Insurance companies are no different from any other business that sells a product locally. Companies like Allstate rely on neighborhood insurance salesman to draw on local business, but now the internet has opened up more opportunities. According to Thomas J. Wilson, chief executive of Allstate Corp, half of all new auto insurance customers make first contact through the company’s website.
Allstate plans to focus more on a few local agents with great local presence, and to work on providing a consistent experience for users across all Allstate channels including local companies and websites. The goal is to create fewer but larger agencies with a similar theme. Wilson maintains that agents are still vital in that they can often increase business for the company by offering better packages for multiple insured vehicles and other products, such as life insurance.
Posted in Allstate , Home Insurance
August 18th, 2009
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Do you like living on the edge? If living in a beach front property on the East Coast, in California or even Hawaii, you might as well be as each one of those areas are known as “danger zones,” and purchasing affordable home insurance options may seem nearly impossible.
Several years ago a huge mudslide washed out many Laguna Hills, California homes. Although Allstate made good on the original contracts and paid the policy holders in full, they then opted to excise their right to “non-renewal” and did not let anyone in that area either renew or purchase a new policy from them.
If you think living in Hawaii is a bit like living in paradise, it can be. The “Rainbow State” is truly glorious, but its roots trace back to lava being spewed from volcanoes. There are still many active volcanoes in the area, and if you live near a “lava zone,” chances are that if you can indeed find a provider to offer you a policy, the cost will be much higher than originally anticipated.
It is not only the West Coast that is falling victim to the lack of affordable home insurance coverage, it’s a trend occurring across the nation. If you have a beautiful beach front property in the Hamptons, your biggest risk is flooding. Finding an insurance provider that will offer you affordable flood coverage of your personal “Grey Gardens” will be challenging whether you are seeking coverage in New York, Florida, Alabama or coastal Texas.
The United States is a mixed bag of weather, terrain and danger zones. Before shopping for home insurance, it is important that you know as much about your new prospective neighborhood as possible. Otherwise what should have been the best decision you ever made can evolve into a lifetime of regrets and sorrow.
Posted in Allstate
June 30th, 2009
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Insurance giant Allstate has been having financial struggles over the past few years – specifically 2008 and the first quarter of 2009 – posting losses of $1.7 billion and $274 million, respectively. These number come in sharp contrast to the profits that were made in years prior. For example, in 2006, the company posted profits of $5 billion, or $7.89 a share, and in 2007,it saw $4.6 billion in profits, which equals $7.83 a share.
Its stock has fallen from $60 in the fourth quarter of 2007 to as low as $14 in March of 2009, but to be fair many financial institutions and insurance companies are in the same boat, and it shouldn’t affect their ability to provide quality health care. In recent weeks, it has bounced back to $25, but is still seeing losses that threaten this number daily.
So what has brought on these new losses?
Allstate has tried to make some adjustments to slow down loss:
For a company that has thrived for over seven decades, recent losses have proven to be difficult, if not devastating. But the company’s initiative to take on new profit-making ventures, make cutbacks where necessary, and benefit from a slowly-recovering economy should hopefully help it to bounce back rather quickly.
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Posted in Allstate
June 26th, 2009
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Great news for Allstate Insurance stockholders badgered by the weakened economy, the company is primed for a financial rebound. Allstate Insurance total net worth declined by 40% over the last 5 quarters. The culprits for the loss were thefixed-income market battered the bond portfolio that was used to financially back the annuity and insurance business.
In 2007, Allstate Insurance stock had a high of $60 per share, but tumbled down to less then $14 because of the state of economic affairs. The stocks value has been rising and is currently in the $20 range. Analysts believe the stock can climb up to $40 within the next year. The core business for Allstate Insurance is still solid, it was the behind the scene factors that caused the decline in value and worth.
With 17 million customers, Allstate Insurance is the nation’s second largestpersonal-lines insurer. With Allstate insurance rates the company has a good shot of rebounding.
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Posted in Allstate , Home Insurance
May 8th, 2009
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Allstate chief executive officer Tom Wilson said in a recent call that his company must start to improve its homeowner unit. The insurer may have to raise prices after a loss on its residential underwriting business, which produced just one dollar for every $1.07 it spent.
Allstates auto insurance unit remains profitable, and its looking to do the same with its life insurance and home insurance business. Thus far, the company’s auto insurance arm supplies about two-thirds of the company’s revenue, and needs a significant boost from its other divisions. That’s a hefty goal considering Allstate’s life insurance unit has seen its third quarterly decline.
The only way for the company to continue operating in those respective businesses is by raising rates to compensate for operating losses.
Are you looking for insurance rate quotes from high quality companies like Allstate? If so, fill out our online auto insurance form and within minutes you’ll receive rate quotes from top insurers, including State Farm. See how they measure up to the competition. The process is simple, secure and absolutely free!
Posted in Allstate , Auto Insurance
May 8th, 2009
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Allstate was founded in 1931, and by 1933 had an IPO that became the biggest in the history of the US. Allstate was originally a part of Sears, when President and Board Chairman General Robert E. Wood developed the idea that they should sell insurance through the mail. Allstate has stood behind the idea of better rates for better drivers, and was one of the first to pioneer the rates class system rewarding its safer drivers. In the 1950′s, the company started the first drive-through claims office that stands as a testament to their innovation and commitment to improving the claims process for its customers.
Today, Allstate continues to stand behind its commitment to quality and the American people. Allstate’s “Good Hands” network continues to allow customers to reach representatives in more ways, and has effectively improve the way they interact with customers when they need it most. Allstate’s financial representatives are trained to help customers with a number of financial products, including auto insurance.
Are you looking for insurance rate quotes from high quality companies like Allstate? If so, fill out our online auto insurance form and within minutes you’ll receive rate quotes from top insurers, including State Farm. See how they measure up to the competition. The process is simple, secure and absolutely free!

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