Allstate Sells Its Employer Voluntary Benefits Unit; Stock Jumps To Record
After the insurance company revealed that it had sold its Employer Voluntary Benefits division to privately held StanCorp Financial Group, popularly known as The Standard, for $2 billion, Allstate (ALL) shares hit an all-time high on Wednesday. Employee Voluntary Benefits, Individual Health, and Group Health are the three insurance divisions of Allstate Health & Benefits. … Read more
