1.
Allstate
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The Allstate Corporation is the second largest personal lines insurer in the United States and the largest that is publicly held. The company also has personal lines insurance operations in Canada, Allstate was founded in 1931 as part of Sears, Roebuck and Co. and was spun off in 1993. The company has had its headquarters in Northfield Township, Illinois and its current advertising campaign, in use since 2004, asks, Are you in good hands. The corporate spokesperson is Dennis Haysbert, in 1925, Sears held a national contest to decide the name of a new brand of car tires. After over two million submissions, Allstate was chosen as the winner, the trademark was adopted the very next year. The tires success in both the catalog and retail stores prompted Sears Chairman General Robert E. Wood to praise the Allstate tires contribution to Sears retail store success, the idea appealed to Wood, and he passed the proposal to the Sears board of directors, which approved it. Allstate Insurance Company, named after Sears’ tire brand, went into business on April 17,1931, offering auto insurance by direct mail and this was in line with one of the objectives of a company to sell automobile insurance in the same manner as Sears sold its merchandise. Lessing J. Rosenwald was Allstates first board chairman, and Odell was named vice president, in 1933, at the Century of Progress World’s Fair in Chicago, Allstate’s Richard E. Roskam sold insurance at a booth in the Sears pavilion. In 1934, Allstate opened its first permanent sales office in a Chicago Sears store, in 1941, only about a quarter of U. S. drivers had auto liability insurance. This led to the state of New York passing a law established the financial responsibility of drivers for damage or injuries resulting from auto mishaps. That law inspired legislation in states, and by the mid-1950s nearly every state had some sort of financial responsibility law on its books. In 1949 the Allstate Headquarters Building was completed at 3245 W. Arthington Street in Chicago, the mid-rise building is currently vacant and in danger of demolition. The building is noted for its early post-war mid-rise construction and this location was vacated at some point when the company relocated in the post-war years. The company’s Youre in Good Hands with Allstate slogan was created in 1950 by Allstate’s general sales manager Davis W. Ellis, at the end of the decade, it was used in the companys first network television advertising campaign, which featured actor Ed Reimers. Allstate added products throughout the 1950s, including fire insurance in 1954 and homeowners, Allstate began selling insurance to Canadians in 1953. Allstate Insurance Company of Canada was incorporated in 1964, in 1967, the companys home office was moved from Skokie to Northbrook, Illinois. The brand itself expanded in the 1950s and 1960s and could be found on a variety of products like fire extinguishers, in 1952, an Allstate car was produced, but it was a flop, it was pulled from stores by 1953. The Allstate brand was limited to insurance, tires
2.
Insurance
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Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, an entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder, the insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated. The amount of money charged by the insurer to the insured for the coverage set forth in the policy is called the premium. If the insured experiences a loss which is covered by the insurance policy. Methods for transferring or distributing risk were practiced by Chinese and Babylonian traders as long ago as the 3rd and 2nd millennia BC, Chinese merchants travelling treacherous river rapids would redistribute their wares across many vessels to limit the loss due to any single vessels capsizing. The Babylonians developed a system which was recorded in the famous Code of Hammurabi, c.1750 BC, and practiced by early Mediterranean sailing merchants. If a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the guarantee to cancel the loan should the shipment be stolen. At some point in the 1st millennium BC, the inhabitants of Rhodes created the general average and this allowed groups of merchants to pay to insure their goods being shipped together. The collected premiums would be used to any merchant whose goods were jettisoned during transport. Separate insurance contracts were invented in Genoa in the 14th century, the first known insurance contract dates from Genoa in 1347, and in the next century maritime insurance developed widely and premiums were intuitively varied with risks. These new insurance contracts allowed insurance to be separated from investment, Insurance became far more sophisticated in Enlightenment era Europe, and specialized varieties developed. Property insurance as we know it today can be traced to the Great Fire of London, initially,5,000 homes were insured by his Insurance Office. At the same time, the first insurance schemes for the underwriting of business ventures became available, by the end of the seventeenth century, Londons growing importance as a center for trade was increasing demand for marine insurance. These informal beginnings led to the establishment of the insurance market Lloyds of London and several related shipping, the first life insurance policies were taken out in the early 18th century. The first company to offer life insurance was the Amicable Society for a Perpetual Assurance Office, founded in London in 1706 by William Talbot, edward Rowe Mores established the Society for Equitable Assurances on Lives and Survivorship in 1762. In the late 19th century, accident insurance began to become available and this operated much like modern disability insurance. The first company to offer accident insurance was the Railway Passengers Assurance Company, by the late 19th century, governments began to initiate national insurance programs against sickness and old age
3.
Northbrook, Illinois
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Northbrook is an affluent village on Chicagos North Shore, located at the northern edge of Cook County, Illinois, United States. When incorporated in 1901, the village was known as Shermerville in honor of Frederick Schermer, the village changed its name to Northbrook in 1923 as an effort to improve its public image. The name was chosen because the West Fork of the North Branch of the Chicago River runs through the Village, Glenbrook North High School, founded in 1953 as Glenbrook High School, is located in Northbrook. The village is home to the Northbrook Park District, founded in 1927, Northbrook Court shopping mall, the Ed Rudolph Velodrome, the Chicago Curling Club. Members of the Potawatomi tribe were the earliest recorded residents of the Northbrook area, in 1833 the Potawatomi ceded their Illinois lands and moved to a place near Council Bluffs, Iowa. Afterwards Joel Sterling Sherman and his family bought 159 acres of land in the northwest quarter of Section 10 for $1.25 per acre, as of 2010 Northbrooks downtown is located on this site. A man named Frederick Schermer donated the land used for the first railroad station, named Schermer Station and later Shermer Station, by the 1870s Shermerville was a farming community. In 1901 the community was incorporated as the Village of Shermerville after a referendum for incorporation. At the time of incorporation it had 311 residents and 60 houses, a renaming contest was held, and a man named Edward Landwehr submitted the name Northbrook. In 1923 Northbrook, the winner, was adopted, at the time Northbrook had 500 residents, after the end of World War II, Northbrooks population began to rapidly increase. Between 1950 and 1980, the population rose from 3,319 to 30,735. Northbrook is located at 42°7′45″N 87°50′27″W, according to the 2010 census, Northbrook has a total area of 13.255 square miles, of which 13.19 square miles is land and 0.065 square miles is water. As of the census of 2010, there were 33,170 people,12,642 households, the population density was 2,514.8 people per square mile. There were 13,434 housing units at a density of 1,018.5 per square mile. The racial makeup of the village was 86. 1% White,0. 6% African American,0. 04% Native American,11. 7% Asian,0. 01% Pacific Islander,0. 4% some other race, and 1. 2% from two or more races. Hispanic or Latino of any race were 2. 5% of the population,22. 5% of all households were made up of individuals, and 14. 6% were someone living alone who was 65 years of age or older. The average household size was 2.57, and the family size was 3.03. In the village, the population was out with 23. 5% under the age of 18,4. 9% from 18 to 24,17. 0% from 25 to 44,32. 2% from 45 to 64
4.
United States
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Forty-eight of the fifty states and the federal district are contiguous and located in North America between Canada and Mexico. The state of Alaska is in the northwest corner of North America, bordered by Canada to the east, the state of Hawaii is an archipelago in the mid-Pacific Ocean. The U. S. territories are scattered about the Pacific Ocean, the geography, climate and wildlife of the country are extremely diverse. At 3.8 million square miles and with over 324 million people, the United States is the worlds third- or fourth-largest country by area, third-largest by land area. It is one of the worlds most ethnically diverse and multicultural nations, paleo-Indians migrated from Asia to the North American mainland at least 15,000 years ago. European colonization began in the 16th century, the United States emerged from 13 British colonies along the East Coast. Numerous disputes between Great Britain and the following the Seven Years War led to the American Revolution. On July 4,1776, during the course of the American Revolutionary War, the war ended in 1783 with recognition of the independence of the United States by Great Britain, representing the first successful war of independence against a European power. The current constitution was adopted in 1788, after the Articles of Confederation, the first ten amendments, collectively named the Bill of Rights, were ratified in 1791 and designed to guarantee many fundamental civil liberties. During the second half of the 19th century, the American Civil War led to the end of slavery in the country. By the end of century, the United States extended into the Pacific Ocean. The Spanish–American War and World War I confirmed the status as a global military power. The end of the Cold War and the dissolution of the Soviet Union in 1991 left the United States as the sole superpower. The U. S. is a member of the United Nations, World Bank, International Monetary Fund, Organization of American States. The United States is a developed country, with the worlds largest economy by nominal GDP. It ranks highly in several measures of performance, including average wage, human development, per capita GDP. While the U. S. economy is considered post-industrial, characterized by the dominance of services and knowledge economy, the United States is a prominent political and cultural force internationally, and a leader in scientific research and technological innovations. In 1507, the German cartographer Martin Waldseemüller produced a map on which he named the lands of the Western Hemisphere America after the Italian explorer and cartographer Amerigo Vespucci
5.
Home insurance
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Home insurance, also commonly called homeowners insurance, is a type of property insurance that covers a private residence. The U. S. uses standardized policy forms that divide coverage into several categories, Coverage limits are typically provided as a percentage of the primary Coverage A, which is coverage for the main dwelling. The cost of homeowners insurance often depends on what it would cost to replace the house, the insurance policy is a legal contract between the insurance carrier and the named insured. It is a contract of indemnity and will put the back to the state he/she was in prior to the loss. Typically, claims due to floods or war are excluded from coverage, Special insurance can be purchased for these possibilities, including flood insurance. Insurance is adjusted to reflect the cost of replacement, usually upon application of a factor or a cost index. Major factors in price estimation include location, coverage, and the amount of insurance, if insufficient coverage is purchased to rebuild the home, the claims payout may be subject to a co-insurance penalty. In this scenario, the insured will be subject to an out of pocket fee as a penalty, insurers use vendors to estimate the costs, including CoreLogic subsidiary Marshall Swift-Boeckh, Verisk PropertyProfile, and E2Value, but leave the responsibility ultimately up to the consumer. In 2013, a survey found that about 60% of homes are undervalued by an estimated 17 percent, in some cases, estimates can be too low because of demand surge after a catastrophe. As a safeguard against an estimate, some insurers offer extended replacement cost add-ons which provide extra coverage if the limit is reached. Perpetual insurance which continues indefinitely can also be obtained in certain areas, home insurance offers coverage on a named perils and open perils basis. A named perils policy is one that provides coverage for a loss specifically listed on the policy, if its not listed, an open perils policy is broader in the sense that it will provide coverage for all losses except those specifically excluded on your policy. Basic named perils – this is the least comprehensive of the three coverage options and it provides protection against perils most likely to result in a total loss. If something happens to your home thats not on the list below and this type of policy is most common in countries with developing insurance markets and as protection for vacant or unoccupied buildings. Again, this is a named perils policy, the loss must specifically be listed to receive coverage. Fortunately, the form is designed to cover the most common forms of property damage. The difference with special form policies is that they provide coverage to all losses unless specifically excluded, unlike the prior forms, all unlisted perils are covered perils. However, if something happens to your home, and the event is on the exclusions list, anyone with an insurable interest in the property should be listed on the policy
6.
Vehicle insurance
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Vehicle insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide protection against physical damage or bodily injury resulting from traffic collisions. The specific terms of vehicle insurance vary with legal regulations in each region, widespread use of the automobile began after the First World War in urban areas. Cars were relatively fast and dangerous by that stage, yet there was no compulsory form of car insurance anywhere in the world. This meant that injured victims would seldom get any compensation in an accident, a compulsory car insurance scheme was first introduced in the United Kingdom with the Road Traffic Act 1930. This ensured that all owners and drivers had to be insured for their liability for injury or death to third parties whilst their vehicle was being used on a public road. Germany enacted similar legislation in 1939, in many jurisdictions it is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. Most jurisdictions relate insurance to both the car and the driver, however the degree of each varies greatly, several jurisdictions have experimented with a pay-as-you-drive insurance plan which is paid through a gasoline tax. This would address issues of uninsured motorists and also based on the miles driven. In Australia, Compulsory Third Party insurance is a scheme that covers only personal injury liability. Comprehensive and Third Party Property Damage insurance are sold separately, Comprehensive insurance covers damage to third-party and the insured property and vehicle. Third Party Property Damage insurance covers damage to third-party property and vehicles, Third Party Property Damage with Fire and Theft insurance additionally covers the insured vehicle against fire and theft. CTP insurance is linked to the registration of a vehicle and it is transferred when a vehicle already registered is sold. It covers the cost of all medical treatment for injuries received in the accident, loss of wages, cost of care services. In New South Wales and the Northern Territory CTP insurance is compulsory, a Greenslip, another name by which CTP insurance is commonly known due to the colour of the form, must be obtained through one of the five licensed insurers in New South Wales. Suncorp and Allianz both hold two licences to issue CTP Greenslips – Suncorp under the GIO and AAMI licences and Allianz under the Allianz and CIC/Allianz licences, the remaining three licences to issue CTP Greenslips are held by QBE, Zurich and Insurance Australia Limited. APIA and Shannons and InsureMyRide insurance also supply CTP insurance licensed by GIO, in addition to the Greenslip, an additional car insurance can be purchased through insurers in Australia. This will cover claims that the standard CTP insurance cannot provide and this is known as a comprehensive car insurance
7.
United States dollar
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The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
8.
Northfield Township, Illinois
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Northfield Township is one of 29 townships in Cook County, Illinois, USA. As of the 2010 census, its population was 85,102, the township office is located at 2550 Waukegan Road in Glenview. The township was established on April 2,1850, according to the United States Census Bureau, Northfield Township covers an area of 34.64 square miles, of this,34.3 square miles is land and 0.34 square miles is water. Interstate 94 Interstate 294 U. S. Route 41 U. S. Route 45 Illinois Route 68 Evanston/Glenbrook Heliport Plaza Heliport E J Beck Lake Allstate has its headquarters in Northfield Township
