Allstate adjusting to purchase of Einsurance

Filed under: AM Roundup |

Allstate just ended its first  quarter owning Esurance, an online auto insurance company.

Allstate paid $1 billion for the company in order to get more online business, said the Chicago Tribune.

Allstate was late to the online market, with 90 percent of its premiums being written by agents.  However, customers prefer to buy policies online, according to a shopping survey released in April by J.D. Power & Associates.

Read more at the Chicago Tribune.