Insurance jobs in Oak Ridge to increase by 75

Insurance Jobs

The Tennessee employment marketplace will be growing as an insurer expands in the state. Answer Financial Inc., one of the largest American online home and auto insurers has announced that it will be opening up 75 new insurance jobs in Oak Ridge, Tennessee. This is a part of its intentions to expand the offices that already exist in that city. Oak Ridge is already the home of one of Answer Financial’s offices, and currently employs approximately 240 workers in various insurance jobs. The office functions primarily as a center for…

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Allstate’s acquisition of Answer Financial and Esurance reflects a change in consumer insurance shopping habits

Allstate Insurance has announced that it has acquired Answer Financial and Esurance, which underlines the continuing changes in the way that consumers shop for their auto insurance. According to Online Auto Insurance (OAI), it also illustrates a number of opportunities that have arisen from these changes so that insurers. An increasing number of consumers in the United States have been buying their auto insurance policies directly from the insurers through their websites, as opposed to speaking with an agent. This trend has led some of the larger insurance companies, such…

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Allstate acquires Esurance and Answer Financial for $1 billion

In another of Allstate Corp’s efforts to become a larger part of the online insurance marketplace for consumers who prefer to use the internet for their insurance transactions, the company has acquired Answer Financial and Esurance from White Mountains Insurance Group Ltd. for $1 billion. Allstate, a leading national home and auto insurance company based in Northbrook, has stated that it will be maintaining the Esurance headquarters in San Francisco, and that Answer Financial will remain in Los Angeles. As a result of this deal for the online auto insurance…

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Allstate invests heavily in online market

Allstate has announced the acquisition of insurance giant Esurance as well as its subsidiary Answer Financial. Allstate will pay in excess of $1 billion for both. The move comes in an effort to capture a bigger portion of the online market. An increasing number of consumers are shopping for insurance policies online, making Esurance a popular medium for finding affordable coverage. The massive insurance corporation has witnessed business in its personal lines dwindle of late. Allstate is looking to expand its service to online consumers, many of whom favor the…

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