Latest Allied Insurance Headlines
All the headlines from our Allied Insurance Topic Page, ordered by recency.
Impact of Conn. Franchise Ruling May Not Be as Big on Insurance Agents as Claimed
Jan 10 2005 // A recent $2.3 million jury verdict for wrongful termination in favor of a former Nationwide Insurance contract agent from Connecticut is unlikely to have any effect on independent agents or their companies, according to...
Car Buyers Get No-Charge Insurance in Volkswagen-Nationwide Pilot Program Based on Car Model Risk
Jan 3 2005 // A Long Island insurance think-tank has licensed Volkswagen of America Inc. to offer the industry’s first no- charge insurance policy to customers who purchase or lease selected models during a three-month test in...
Impact on Other Agents of Conn. Verdict Against Nationwide Doubted
Jan 3 2005 // A recent $2.3 million jury verdict for wrongful termination in favor of a former Nationwide Insurance contract agent from Connecticut is unlikely to have any effect on independent agents or their companies, according to...
Nationwide Indemnity Downgraded
Dec 20 2004 // A.M. Best Co. downgraded the financial strength rating to “B+” (very good) from “B++” (very good) of Nationwide Indemnity Co. of Columbus, Ohio. The rating was placed under review with negative...
Jury Backs $2.3 Million Award to Terminated Independent Agent; Nationwide to Challenge Verdict
Dec 17 2004 // An eight person jury in the United States District Court in Connecticut awarded $2.3 million in compensatory damages to an independent insurance agent in a decision expected to have serious ramifications on the...
Loss Ratios Improve in 45 States Nationwide
Nov 22 2004 // The commercial auto market went through some tough times. After years of deteriorating loss ratios, things have definitely turned around. What does this mean for the marketplace? In some cases, prices have started to...
Nationwide Estimates Florida Hurricane Losses at $850 Million Pre-Tax
Nov 15 2004 // Ohio-based Nationwide Mutual Insurance Company and its P/C affiliates have issued an estimate of the losses and loss adjustment expenses from Hurricanes Charley, Frances, Ivan, and Jeanne of approximately $850 million on a...
Nationwide Under Review
Oct 25 2004 // A.M. Best Co. placed the “A-” (excellent) financial strength rating of Nationwide Ins. Co. of Florida (NICOF) under review with negative implications, as a result of anticipated losses associated with...
A.M. Best Places Rating of Nationwide Under Review
Oct 4 2004 // A.M. Best Co. has placed the A- (Excellent) financial strength rating of Nationwide Insurance Company of Florida (NICOF) under review with negative implications. This rating action has been taken as a result of anticipated...
Nationwide Preps for Bonnie, Charley
Aug 11 2004 // Nationwide Mutual Insurance Co. reportedly has claim representatives and agents prepared to assist customers following landfall of Tropical Storm Bonnie or Hurricane Charley. “Claims specialists will be positioned in...
The Intersection of Privacy Legislation and Insurance Related Litigation
Jun 14 2004 // Privacy legislation has affected almost all consumers of goods and services in the United States. Most notably, the Gramm-Leach-Bliley Act (GLBA) passed by the federal government in November of 1999 sets forth a complex...
Digital Insurance Inks Five Agreements with Employee Benefits Brokers Nationwide
Apr 14 2004 // Digital Insurance Inc. ( www.digitalinsurance.com ) has signed agreements with five additional employee benefits brokers to enhance the level of day-to-day service and product sales for a portion of their small group...
S&P Revises Nationwide Outlook to Stable
Apr 1 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Nationwide Mutual Insurance Co. (NMIC) and its affiliates (collectively referred to as Nationwide) to stable from...
Terms of Credit History Use Still Being Negotiated
Jan 26 2004 // The Texas Department of Insurance held a public hearing Jan. 7, 2004 to consider a proposal that would cap the amount by which insurance companies could increase or decrease rates in personal lines insurance because of an...
Nationwide Opening New Agency in Arlington/Grand Prairie Area
Oct 2 2003 // Nationwide Insurance announced the opening of a new Nationwide office to serve the Arlington/Grand Prairie, Texas area. The Jacque Branum Pirtle Agency is located at 2100 E. Abram St., Suite 104, in Arlington. The office...
Workers Compensation Nationwide in Latest Release of AQS’ V3 Galileo
Sep 12 2003 // AQS, Inc., a provider of commercial policy administration software and services to the property and casualty industry, has expanded on its web-centric commercial policy administration system, V3 Galileo, offering Workers...
Munich Re Awarded First Nationwide License in China
Jul 10 2003 // Munich Re has become the first international reinsurer to receive a country-wide composite reinsurance operating license in the People’s Republic of China from the Chinese Insurance Regulatory Committee (CIRC). The...
N.J. Auto Reforms May Signal Regulatory Climate Change Nationwide
Jul 7 2003 // When Governor James E. McGreevey signed The New Jersey Automobile Insurance Competition and Choice Act (S-63/A-2625), he launched another effort aimed at solving the state’s automobile insurance crisis. This time,...
Nationwide Insurance President to Retire
Jun 9 2003 // Nationwide Insurance President Galen R. Barnes will retire, effective Dec. 31, after a 28-year career with the Columbus-based Fortune 500 insurance and financial services organization. Barnes retired for personal reasons,...
Nationwide to Separate Chairman, CEO Roles
Jun 5 2003 // To further strengthen its corporate governance structure, the Nationwide Financial Services Inc. board of directors today announced that it has separated the roles of chairman and chief executive officer. As a result,...
