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. 

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Amber Baillie
A Colorado native, Amber Baillie graduated from the University of Northern Colorado with a bachelor’s degree in journalism and mass communications. For over three years, she wrote for the Air Force Academy's official base newspaper and has written articles for Your Boulder and the Cheyenne and Woodmen Editions. For the Business Journal, she covers cyber, aerospace and defense, and nonprofit news.