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	<title>American Insurance Companies &#187; 4 ALLSTATE INS GRP</title>
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		<title>All Is Great With Allstate</title>
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				<category><![CDATA[4 ALLSTATE INS GRP]]></category>

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		<description><![CDATA[Allstate came into existence upon an idea of direct mail order insurance. It went into business in 1931 and after two years of struggling into existence the Allstate Insurance Company slowly gained ground with its sales of auto insurance policies. Management was constantly trying to find ways to increase revenue with different tactics for increasing [...]]]></description>
			<content:encoded><![CDATA[<p>Allstate came into existence upon an idea of direct mail order insurance. It went into business in 1931 and after two years of struggling into existence the Allstate Insurance Company slowly gained ground with its sales of auto insurance policies. Management was constantly trying to find ways to increase revenue with different tactics for increasing sales, and left the Sears, Roebuck, and Company&#8217;s catalog service and started hiring salesmen.</p>
<p>It wasn&#8217;t till after a law had passed in New York requiring automobile drivers to be responsible for their driving skills, and other states passing similar laws, that the insurance business began to expand at a tremendous rate.  Over the next several years Allstate had more that $252 million in revenue.  Soon the logo, &#8220;You&#8217;re in Good Hands with Allstate&#8221; became a symbol of their climb up the profit ladder. </p>
<p>Management was again on the prowl for increased profits and ventured into other forms of insurance.  So instead of handling just auto insurance, they invested their profits into becoming a national company carrying insurance for homes, businesses, theft, liability, investment, and banking.</p>
<p>Through its78 years of insuring businesses and individual, it has had its ups and downs.  It has been in and out of lawsuits with government, has had its customers enraged over business policy and procedures of how claims are handled.  Allstate has had to pay dearly during natural disasters in the 1990-1992 periods.  The Allstate Company was loosing revenue and Sears, Roebuck, and Company started selling its holding to the public.  This tactic generated billions and helped the company to crawl out of hole of loss. </p>
<p> Another downside in 1994 caused by natural disasters put Allstate in the red and caused a continued  decrease in revenue and Allstate&#8217;s profits once again was hit ,  Sears sold the rest of its holding in Allstate to the public.  Allstate became into its own identity.  Management had to adjust and maneuver its policies to stay in business causing many customers to become dissatisfied and sending Allstate into court to answer allegations.  </p>
<p>Allstate has had to thump its way through business turmoil, lawsuits, customer dissatisfaction, and catastrophic disasters from nature, through the economic down turn, but with the American spirit it fought to survive.  Today, many may say all is not great with Allstate, but Allstate may have to disagree.</p>
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