Allstate to buy warranty provider for $1.4B

Posted online November 30, 2016 | 12:41 pm

Allstate agreed to buy SquareTrade for $1.4 billion.

SquareTrade, a growing provider of extended warranties for electronics, allows Allstate to break into the consumer warranty business.

The purchase would be Allstate's first since it bought online auto insurer Esurance in 2011 for $1 billion.

Read more from Crain's Chicago Business.

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