Online insurance agency Answer Financial Inc. is relocating its main Tennessee call center to West Knoxville. The office is slated to open next week. The agency is celebrating its new state-of-the-art sales center with a Career Fair and open house …
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 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 …
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 …
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 …
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 …
