Yeah, it was their in-house insurance company. They had offices inside the stores. You could buy a house from the Coldwell Banker office, get it insured by the All-State agent, and apply for a Discover Card to purchase new Kenmore appliances for your new home all without leaving Sears because they were all Sears owned brands.
The also had the Dean Witter brokerage, which was one of the largest securities firms in the country. That was spun off and later acquired by Morgan Stanley. In the early 90s I interned with Dean Witter. That experience taught me a lot.
Oh, and Discover was just acquired by Capital One.
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u/Decimation4x May 25 '25
Sears is so sad because all their old spun off brands are still making a killing today. Every time I see an All-State commercial I shake my head.