Answer Financial News

Answer Financial Builds Sales Center in Knoxville

Home and auto insurance seller Answer Financial Inc. has broken ground on a 32,775 square foot facility in Knoxville, Tenn. that will serve as the company’s primary sales center. The office will have capacity for more than 400 employees, which …

Allstate Doubles Q4 Profit

Allstate Corp. reported that its profit more than doubled in the fourth quarter thanks to lower catastrophe losses and improved homeowners business. The big insurance company posted a fourth quarter net profit of $724 million compared to a fourth quarter …

Allstate Closes on $1 Billion Acquisition of Esurance, Answer Financial

The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The purchase price was approximately $1 billion. The transaction is expected to be non-dilutive …

Ratings Analyst Views Allstate Buy of Esurance Positively

Allstate Insurance Corp.’s plan to buy Esurance Insurance Group is being viewed positively by a key ratings analyst. A.M. Best Co. placed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-“of Esurance Insurance Group under review …

Allstate Targets Online Insurance Sales; Buys Esurance, Answer Financial

In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site, Answer Financial. Allstate will pay a …