Allstate (NYSE:ALL) To Buy Esurance?

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It has been reported that Allstate (NYSE:ALL) may buy San Francisco-based Esurance. Allstate (NYSE:ALL) To Buy Esurance? A recent report says that the US based insurer Allstate (NYSE:ALL) may buy Esurance from White Mountains Insurance Group for about $1 billion. This move by the company is aimed at expanding its online sales and the deal is expected to close this fall. Thomas J. Wilson, Allstate (NYSE:ALL)'s president, chairman and CEO said, "The Esurance business would add a distinct channel to Allstate (NYSE:ALL)'s operations and appeal to a different kind of customer than the one that uses the company’s traditional brokerage force." Allstate (NYSE:ALL) stocks are currently standing at 32.45. Price History Last Price: 32.45 52 Week Low / High: 26.86 / 34.4 50 Day Moving Average: 32.06 6 Month Price Change %: 8.7% 12 Month Price Change %: 1.3%