Allstate Insurance Home Office

Acquisition has Esurance eyeing growth

Allstate purchased Esurance and Answer Financial from White Mountains Insurance Group for $1 billion. The sale was finalized last week.

The company now is looking to grow Esurance, which provides online car insurance services. The Sioux Falls office is looking to add about 40 customer service and sales representatives in addition to 20 positions added already this year. To further that goal, they company will be having a job fair today.

"We also were just acquired by Allstate, and with that transaction they are looking for us to do a lot of growth," Meylor said.

Meylor said there is no cold calling with the positions.

Allstate will continue to focus on its insurance products including auto, home, life and retirement using the agency formula for people who prefer face-to-face contact, said Danny Miller, a spokesman for the company. Meanwhile, Esurance will continue its focus with the online auto segment.

Allstate Insurance Company Files $4.5 Million Insurance Fraud ...

HAUPPAUGE, N.Y., Oct. 12, 2011 /PRNewswire via COMTEX/ — Allstate Insurance Company is seeking to recover $4.5 million against five medical doctors, seven chiropractors and ten professional medical corporations along with one non professional in a scheme to allegedly bill insurance companies fraudulently for procedures, including procedures that were medically unnecessary and/or inappropriate. Since 2003, Allstate has filed 32 fraud lawsuits in New York State, seeking more than $175 million in damages.

According to the Insurance Information Institute, the state of New York is in an insurance fraud crisis and no-fault fraud is costing New Yorkers hundreds of millions of dollars year-after-year. “In essence, honest, hardworking New Yorkers are paying a “fraud tax,” said Krista Conte, spokesperson for Allstate’s New York office. “We need lawmakers to enact meaningful insurance reform that puts the citizens of New York first.”

Allstate has filed counterclaims and a third party complaint alleging that two New York medical professional corporations – Cambridge Medical P.C. and Pine Hollow Medical, P.C. – were fraudulently incorporated through a scheme using the names of licensed medical physicians, and that a lay-owner, who was not a physician, secretly owned and controlled the medical professional corporations. Allstate’s counterclaims and third party complaint further allege that these corporations fraudulently billed Allstate Insurance Company.

Cambridge had filed an action seeking to recover billing from Allstate and Allstate responded with its counterclaims and third party complaint. Allstate’s claims were filed following an investigation by Allstate’s Special Investigative Unit and seek reimbursement for personal injury protection benefits Allstate paid on behalf of its customers during time frames specified in the counterclaims and third party complaint. The counterclaims and third party complaint are the latest in a string of actions taken by the insurer to protect consumers from these and similar activities.

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