Gen. Robert E. Wood, Sears Roebuck & Co. President and Board Chairman believed that automobile insurance would be a successful new service Sears could offer its customers. On April 17, 1931, Allstate Insurance Company was started and month later, May 17,1931 the first automobile policy was sold to a man from Aurora, Illinois.
In 1993, Sears allowed Allstate to became a publicly held company and in 1995 Sears sold its shares of to the remaining stockholders, making Allstate an independent company.
Today Allstate is one of the largest insurers in the nation. Based in Northbrook, Ill. Allstate employees approximately 39,000 people and has over 13,000 agents selling their products. Their major products include Auto insurance (standard and non-standard), Homeowners, Life and annuities. Along with expanding their products and modes of communication, Allstate is also expanding their area of operations. Allstate can be found in Canada, China, Germany, Indonesia, Italy and the Philippines.