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ALL-STATE LEGAL company history timeline

1947

Along with the restructuring, the 1947 introduction of the Illustrator Policy, which simplified the language of policies and added pictures to enhance customers' understanding of their coverage, facilitated growth.

1952

Personal liability insurance was introduced in 1952.

Allstate conducts its community service activities through the Allstate Foundation, an independent corporation created in 1952 funded by Allstate Insurance.

1953

Allstate became an international company in 1953 when its first Canadian office opened.

1954

In 1954, Allstate began offering residential fire insurance.

In this regard Haysbert was a good choice as spokesperson; he had wide appeal, even with younger consumers, despite the fact that he was born in 1954.

1958

In 1958, personal health and commercial liability insurance were added to the Allstate line.

1963

In 1963, the Allstate Life Insurance subsidiary passed the $1 billion mark in insurance in force, after only six years of operation.

1964

Two new subsidiaries formed in 1964 to manage Allstate's Canadian interests: Allstate Insurance Company of Canada and Allstate Life Insurance Company of Canada.

1967

Allstate headquarters in Northbrook, Illinois, 1967

1972

In 1972 Allstate entered the mortgage banking business by acquiring National First Corporation.

1973

For 1973, Allstate generated earnings of $203 million, nearly 30 percent of parent company Sears's total.

1975

In 1975 Allstate expanded globally, opening Seibu Allstate Life Insurance Company, Ltd., a joint venture in Japan with The Saison Group.

1976

Allstate also formed Tech-Cor,Inc., an auto-body research and reclamation business, in 1976.

1977

"Allstate's activities in the area of corporate social responsibility and change must be intensified," Chairman of the Board Arch Boe said in 1977.

1979

An African-American, Haysbert had acted in numerous films and television shows since getting his break in 1979, when he first appeared on the television series The White Shadow.

1980

Allstate was the sixth largest insurance group in the United States by 1980.

1982

Donald F. Craib, Jr., was named chairman of the board at Allstate in 1982.

1983

By the end of 1983, Allstate's claim staff consisted of 12,500 employees, the largest force in the industry.

1985

In 1985, Allstate rolled out its Neighborhood Office Agent (NOA) program.

1986

For 1986, the company reported income of over $750 million on revenue of $12.64 billion.

1987

A number of business insurance developments took place at Allstate in 1987.

In 1987 net income was $946 million.

1989

A new board chairman and chief executive officer, Wayne E. Hedien, was named in 1989.

1990

A new, aggressive advertising campaign launched using the motto, "Leave It to the Good Hands People." The company's rapid growth finally caught up to earnings, and in 1990 the company posted a decreased net income, barely surpassing $700 million.

1991

Allstate also divested itself of several smaller subsidiaries and finished selling off its real estate holdings, a move which had been started in 1991.

1993

On November 9, 1993, the Florida Legislature approved a catastrophe fund bill designed to protect insurance consumers and the insurance industry from the financial devastation caused by severe hurricanes.

New York Stock Exchange initial public offering, 1993

1994

However, in 1994 a major earthquake in California cost the company much of its profits as insurance claims surpassed $1 billion.

1995

The remaining 80 percent of Allstate became publicly owned in 1995, when Sears spun the rest of the company off to its shareholders.

A smaller hurricane in 1995, Opal, resulted in a more manageable amount of damage than Andrew, and the company's yearly totals were a record-setting $22.8 billion in revenues and $1.9 billion in income.

1999

In January 1999, a new CEO was installed, Edward M. Liddy.

Allstate responded by introducing Internet and telemarketing sales in 1999, which quickly sparked the ire of agents bypassed in the new process.

2001

Allstate's net income for 2001 was $1.2 billion on revenues of $28.9 billion.

But he achieved true celebrity status in 2001, when he was cast in the television series 24 to play Senator David Palmer, a character who would later become president.

2002

By 2002 almost half of Allstate's 13,000 agents held securities licenses.

2003

Kirk, Jim. "Allstate's New Campaign Takes Stand on Old Values." Chicago Tribune, November 11, 2003.

2004

"Allstate Addresses Latino Marketplace." Adweek (midwest ed.), May 18, 2004.

The crux of it was the television spots anchored by Haysbert, but the company also included radio spots that began airing later in the month, print ads that debuted in early 2004, and Internet executions.

2005

Yerak, Becky. "Allstate's Ads Push Agenda." Chicago Tribune, November 24, 2005.

2006

Haysbert's contract was extended through 2006, however, indicating that the company was pleased with the campaign's effectiveness.

2014

In 2014, Allstate introduces Drivewise Mobile, the industry's first mobile telematics app.

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Founded
1946
Company founded
Headquarters
Cranford, NJ
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ALL-STATE LEGAL history FAQs

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