Type Subsidiary Allstate Revenue 1 billion USD Number of employees 1,400 | Industry Insurance Founded 1999 Parent organization Allstate | |
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Key people Patrick Macellaro, President Products Home, Auto, and Home Business Insurance, Personal Umbrella Insurance Headquarters Northbrook, Illinois, United States Profiles | ||
Encompass Insurance is a subsidiary of Allstate Corporation and is one of the largest personal property and casualty insurance brands sold exclusively through a network of more than 2,400 independent agents. The company that would become Encompass was founded in 1897 and officially became the Encompass Insurance Company in the 1990s. The company has its headquarters in Northfield Township, Illinois, near Northbrook, Illinois.
Contents
Encompass insurance company
History
In 1897, the company that would become Encompass began selling personal insurance under the motto "Protection and Security." The company’s package policy dates back to then.
In 1999, Illinois-based Allstate Insurance Company purchased the personal lines insurance business from CNA Financial when CNA moved toward commercial lines. Allstate then introduced the Encompass name to its subsidiary in 2000.
Encompass has 2,400 independent agents in 39 states.
Encompass was the title sponsor of the Encompass Championship Tour celebrity pro-am golf tournament in Tampa, Florida, in February 2012, and in Glenview, Illinois, from 2013-2015.
In February 2015, the Encompass Championship was the Donor Spotlight for the First Tee Open, a youth development initiative of the World Golf Foundation supported by organizations in golf including the Masters Tournament, Ladies Professional Golf Association, Professional Golfers’ Association of America, PGA Tour and United States Golf Association. The Encompass Championship selected three other youth-serving organizations as charity partners that year as well: Daniel Murphy Scholarship Fund, Junior Achievement of Chicago and JDRF.
In March 2016, Encompass Insurance launched the Center for Mass Affluent Research and Education (CMARE), which will include a program in connection with the Aresty Institute of Executive Education of the Wharton School of the University of Pennsylvania. CMARE is a center intended to foster independent agency owners’ business development skills.
Presidents
Current leadership
Awards and recognition
Encompass is backed by a number of independent ratings agencies based on profitability, adequacy of capital liquidity, company management and investment risk.
An A.M. Best ranking of A+ (Superior) was given to the following Encompass underwriting companies: Encompass Indemnity Company, Encompass Insurance Company, Encompass Insurance Company of America, Encompass Property and Casualty Company, Encompass Independent Insurance Company, Encompass Insurance Company of Massachusetts and Encompass Home and Auto Insurance Company.
Encompass Insurance Company of New Jersey and Encompass Property and Casualty Insurance Company of New Jersey share the A.M. Best rating of A-, same as their parent company Allstate New Jersey Insurance Company, as of December 2015.
Encompass Floridian Indemnity Company and Encompass Floridian Insurance Company are rated B- by A.M. Best, same as their parent company Castle Key Insurance Company.
Products available
The EncompassOne policy offers three tiers of comprehensive coverage for homes, vehicles and collectibles: Elite, Deluxe and Special.
Insurance products
Homeowners, condominium, renters and landlord insurance, auto, motorcycle, recreational vehicle insurance, boat and personal watercraft insurance, personal umbrella, scheduled personal property, home based business insurance, identity theft restoration protection.