How Insurance Giant Allstate Is Using Cloud Tech to Build New Businesses

Allstate is best known for being the "good hands" company, founded in 1931 to insure cars and property. But like other companies of a certain age, it needs to venture into new areas. That's what the insurance giant—number 84 on this year's Fortune 500 list with $36.5 billion in revenue—has done over the past few years, starting up its CompoZed Labs unit to speed up development of new software services.