Mayor Daley Recognizes Allstate CEO Edward M. Liddy and other Regional Business Leaders for Employee Development Strategies

Northbrook, IL. –July 11, 2002 Mayor Richard M. Daley joined leading corporate CEOs at a business briefing where a new Workforce Chicago 2.0 Business Leadership Group was launched to increase the Chicago region’s global competitive advantage to attract and maintain a quality workforce.

“Turning the Chicagoland region into a prime talent pool for the 21st century economy is essential for us to compete on the world economic stage,” said Mayor Daley as he recognized eleven locally based companies for their exemplary workforce learning and development practices. The companies honored were Allstate Insurance Company, Bank One, Bimba Manufacturing Company, Dunlee, Ernst & Young, Golin/Harris International, Motorola, Inc., The Northern Trust Company, S&C Electric Company, TruServ Corporation, and the University of Chicago Hospitals.

Companies were selected based on their ability to further business objectives through employee development. This included practices to attract and retain talented employees, strategies for transitioning employees to an e-business environment, partnerships with other companies and educational institutions, the use of new technologies for effective learning, and the creation of “informal” learning environments.

“The insurance business is a knowledge business. We don’t have a product you buy off the shelf-our people are our product, so they need to be the best they can be. That’s a formula tailor-made for continuous learning, ” said Edward M. Liddy, Chairman, President and Chief Executive Officer, The Allstate Corporation. “Our people make the product come alive, which is why workforce education is critical to the success of Allstate.” Allstate has broadened its products and services from auto, homeowners and life insurance to include a wide range of personal retirement and investment products.

WorkforceChicago2.0 was formed nearly two years ago as a collaborative initiative among the Council for Adult and Experiential Learning (CAEL), the Human Resources Management Association of Chicago (HRMAC), and World Business Chicago (WBC) to help the Chicago region become a prime talent pool for the 21st century economy. Through support from The John D. & Catherine T. MacArthur Foundation this initiative was created to provide a framework for businesses to learn about new models of learning and development for all employees. The Chicago Workforce Board, The Chicagoland Chamber of Commerce, The Mayor’s Office of Workforce Development, and The Metropolitan Mayors’ Caucus have all endorsed WorkforceChicago2.0.

WorkforceChicago 2.0 New Business Leadership Group co-chairs, Philip M. Condit, Chairman & CEO, The Boeing Company and John W. Rowe, Chairman, President & CEO, Exelon are leading the group’s efforts in positioning the Chicago region as the leading talent pool in the country by promoting effective workforce learning and development policies and practices.

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With AllstateР’В®” slogan, Allstate provides insurance products to more than 14 million households and has approximately 13,000 exclusive agents in the U.S. and Canada. Customers can access Allstate products and services through Allstate agents, or in select states at allstate.com and 1-800-Allstate. EncompassSM and DeerbrookР’В® Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group includes the businesses that provide life insurance, retirement and investment products, through Allstate agents, workplace marketing, independent agents, banks and securities firms.

For more information on WorkforceChicago 2.0 visit www.workforcechicago2.org.

FOR MORE INFORMATION:

Marissa Quiles

Allstate Media Relations

847-402-3987