Who invented Allstate?

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With a name borrowed from an automobile tire sold in the Sears catalog, and the backing of Sears, the great adventure of Allstate Insurance Company begins on April 17, 1931. On May 17, William Lehnertz becomes Allstate’s first policyholder. He pays $41.60 for a 12-month policy on his 1930 Studebaker.

Is Allstate losing customers?

Things are not looking good with Allstate, which has posted its worst auto insurance customer retention numbers in two decades. In 2020, the company’s auto policy renewals were 87.5%, down from 88% in 2019. It was Allstate’s worst policy renewal rate since at least 2001, investor disclosures noted. Feb 5, 2021

What is Allstate known for?

car insurance policiesAllstate is probably best known for its car insurance policies, but the giant company offers a variety of financial services. With its massive reach, wide range of products and many local agents, it’s a good choice for consumers who want an accessible, one-stop company.