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Jerry Choate

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BUSINESS
August 12, 1994 | Reuters
Allstate Corp. said Thursday that Chairman and Chief Executive Wayne Hedien will retire at the end of the year. His departure will prompt a shifting of positions at the insurance company and its parent, Sears, Roebuck & Co. Hedien, 60, has been with Allstate and Sears for 28 years. He oversaw the public offering last year of a 19.9% stake in the company. He will be succeeded by Jerry Choate, president of the company's personal property and casualty unit since 1989.
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BUSINESS
August 12, 1994 | Reuters
Allstate Corp. said Thursday that Chairman and Chief Executive Wayne Hedien will retire at the end of the year. His departure will prompt a shifting of positions at the insurance company and its parent, Sears, Roebuck & Co. Hedien, 60, has been with Allstate and Sears for 28 years. He oversaw the public offering last year of a 19.9% stake in the company. He will be succeeded by Jerry Choate, president of the company's personal property and casualty unit since 1989.
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BUSINESS
September 22, 1998
Allstate Corp. named its president and chief operating officer, Edward Liddy, to become chairman and chief executive next year. Liddy, 52, will succeed Jerry D. Choate, 60, who is expected to retire in January.
BUSINESS
October 9, 1996 | Times Staff and Wire Reports
Allstate Sees $262-Million Charge for Cleanup: The largest publicly traded U.S. home and auto insurer said it plans to take a charge totaling 58 cents a share for the third quarter to pay for discontinued business and to pay claims for companies forced to clean up pollution and asbestos. Allstate Corp. said the purpose is to boost its reserves for discontinued lines and coverage by $405 million. The move is part of the Northbrook, Ill.
REAL ESTATE
September 19, 2004 | Ruth Ryon, Times Staff Writer
When it comes to oceanfront sites, the old phrase "location, location, location" is particularly apt for this Dana Point house. The property has panoramic ocean views, Catalina Island sunsets, a sandy beach and, nearby, the Ritz-Carlton Laguna Niguel. The house was remodeled in 1999 under the direction of Fred Briggs, the architect who designed Pacific Reflections, an oceanfront estate on a cliff down the road that sold for nearly $18 million last year.
BUSINESS
January 18, 1995 | From Reuters
Allstate Corp. said Tuesday that it plans to sell its mortgage insurance subsidiary in an initial public stock offering to focus better on its core property, casualty and life insurance businesses. Northbrook-based Allstate, which itself is being spun off by Sears, Roebuck & Co., said it expects to eventually sell all of PMI Group Inc., parent of the nation's third-largest mortgage insurer and part of the Allstate family since 1973.
BUSINESS
September 30, 1994 | From Times Wire Services
Allstate Corp. on Thursday became the latest insurance company to boost its estimated losses from the Northridge earthquake, which is proving to be the most frustrating as well as the costliest quake in U.S. history. The company raised its loss estimate from the January quake 37% to $1.3 billion, from $950 million. Based on this estimate, Allstate, parent of Allstate Insurance Co.
NEWS
November 17, 1999
Opening SATURDAY Los Angeles. "Spindizzies: High Speed on a Small Scale," exhibition of model autos powered by their own tiny piston engines, featuring collection of noted hobbyist and author Eric Zausner. Petersen Automotive Museum, 6060 Wilshire Blvd. (at Fairfax Avenue). (323) 930-CARS. Ends Feb. 20. Coming Events SATURDAY Irwindale. Fan Appreciation Night and Ultra Wheel Spec Trucks and MSRA Pro-4 Modifieds racing. Grandstands open at 2 p.m.; qualifying, 4 p.m.; racing, 7 p.m.
BUSINESS
August 7, 2004 | Denise Gellene, Times Staff Writer
Amgen Inc. shareholders approved a nonbinding resolution in favor of expensing stock options and withheld a significant percentage of votes from director Jerry D. Choate, the company disclosed Friday in a regulatory filing. The Thousand Oaks-based company's board of directors had urged shareholders to vote against the stock option resolution and had endorsed Choate.
BUSINESS
September 1, 1998
* Jerry D. Choate, chairman of the board and CEO of Allstate Corp. and Allstate Insurance Co., has joined Amgen's board of directors. He also serves on the boards of the Insurance Institute for Highway Safety, the Insurance Information Institute and Catalyst, a nonprofit organization that works to advance women in business. Thousand Oaks-based Amgen is a biotechnology company that develops medicine based on advances in cellular and molecular biology. * James L.
BUSINESS
July 22, 2002 | DAVID STREITFELD, TIMES STAFF WRITER
The board of directors of Amgen Inc. will convene later this month in the long shadow of WorldCom Inc. as well as a half-dozen other once-admired companies, all of them now under investigation for alleged fraud. By almost any measure, Amgen is a world apart from WorldCom. Its 13 directors are an accomplished group, including a retired Air Force secretary, a Nobel laureate and a former Hollywood studio chief. The company is a leader in biotechnology, not telecommunications.
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