Allstate to expand roadside-service coverage through acquisition

06/17/2008 | Bloomberg

After Allstate purchases General Electric's Partnership Marketing Group, it will expand its roadside assistance to more than 4 million drivers. Thomas Wilson, CEO of Allstate, has been scaling back homeowner coverage in catastrophe-prone areas and seeking new revenue opportunities. The move enables the insurer to "tap into fast-growing markets and expand our playing fields," Mr. Wilson said.

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