History & Timeline 1980s03/22/2007
Awards and Recognition
By the end of 1980, Allstate has grown dramatically, including 31 regional offices, 219 claim-service offices, 687 auto-inspection stations and 2,720 sales/service centers.
The IBM 8100 system is introduced, enabling Allstate employees across the country to communicate electronically.
Allstate becomes a part of the Sears Financial Network: a one-stop financial services concept that features Allstate, Coldwell Banker Realty and Dean Witter Financial Brokers under one roof at Sears stores.
Allstate announces a National Urban Policy and becomes full partners with Neighborhood Housing Services in several cities.
By year-end, Allstate employs the industry's largest claim staff - more than 12,500 strong.
A new flexible type of life insurance policy is offered called "Universal Life," providing savings and investment opportunities.
Allstate introduces the Neighborhood Office Agent program to make agents more accessible to customers.
Hurricane Hugo - the largest catastrophe to date - sets the standard for CAT losses, costing the insurance industry $4.2 billion.
Property-liability written premium is $13.5 billion with 27.2 million policies in force and 55,789 employees.
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