Encompass Insurance Company

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Encompass Insurance Company
Subsidiary Allstate
Industry Insurance
Founded 1999[1]
Headquarters Northbrook, Illinois, U.S.
Key people
Patrick Macellaro, President
Products Home, Auto, and Home Business Insurance, Personal Umbrella Insurance
Revenue US$ 1 billion
Number of employees
1,400 (July 2016)
Parent Allstate
Website http://www.encompassinsurance.com

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.[2] The company has its headquarters in Northfield Township, Illinois, near Northbrook, Illinois.

History[edit]

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.[3]

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.[4]

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.[5]

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.[6]

Corporate leadership[edit]

[7]

Presidents[edit]

  • Patrick Macellaro (2016–present)
  • Mark Green (2015–2016)
  • Tom Ealy (2011–2015)
  • Cynthia Young (2006–2011)
  • Doug Wendt (2004–2006)
  • Ernie Lauser (2000–2004)

Current leadership[edit]

  • Sharon Dean – Vice President, Encompass Product Operations
  • Karen Schecht – Vice President, Encompass Claims
  • Jim Turner – Vice President, Encompass Sales & Marketing
  • Tom Watson – Financial Director, Encompass Finance Team
  • Mary Zagorski – Director, Encompass Operations

Awards and recognition[edit]

Encompass is backed by a number of independent ratings agencies based on profitability, adequacy of capital liquidity, company management and investment risk.[8]

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.[9] [10]

Products available[edit]

The EncompassOne policy offers three tiers of comprehensive coverage for homes, vehicles and collectibles: Elite, Deluxe and Special.

Insurance products[edit]

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.[11]

References[edit]

  1. ^ "Encompass Insurance: History". Encompass Insurance. Retrieved 12 July 2016. 
  2. ^ "Encompass Insurance: History". Encompass Insurance. Retrieved 19 July 2016. 
  3. ^ "Encompass Insurance: History". Encompass Insurance. Retrieved 12 July 2016. 
  4. ^ "PGA Tour Encompass Championship". PGAtour.com. Retrieved 19 July 2016. 
  5. ^ "The First Tee of Greater Chicago". The First Tee of Greater Chicago. Retrieved 12 July 2016. 
  6. ^ "Encompass Insurance is joining forces with the Wharton School to Provide Leadership Development for Independent Agency Owners". PR Newswire. 24 March 2016. Retrieved 12 July 2016. 
  7. ^ "Encompass Insurance: Leadership". Encompass Insurance. Retrieved 19 July 2016. 
  8. ^ "Encompass Insurance: Financial Ratings". Encompass Insurance. Retrieved 19 July 2016. 
  9. ^ "Encompass Insurance: Financial Ratings". Encompass Insurance. Retrieved 19 July 2016. 
  10. ^ "Encompass Insurance Company of America". A.M. Best Rating Services. Retrieved 19 July 2016. 
  11. ^ "Encompass Insurance: Insurance Products". Encompass Insurance. Retrieved 19 July 2016. 

External links[edit]