Latest Allied Insurance Headlines
All the headlines from our Allied Insurance Topic Page, ordered by recency.
S&P Ups Harleysville’s Outlook; Affirms Ratings on Nationwide Deal
Oct 7 2011 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Harleysville Mutual Ins. Co. and its affiliates, as well as the counterparty credit...
Nationwide, Harleysville CEOs Reassure Agents: Merger All About Growth
Sep 30 2011 // The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also for their independent agents, according to the CEOs of the two...
Nationwide and Harleysville Insurance Agree to Merger; Analysts Respond
Sep 29 2011 // Nationwide Mutual Insurance Co. and Harleysville Insurance announced on Thursday, Sept. 29, that they have agreed to a merger. Nationwide Mutual will acquire Harleysville Group for $760 million. Nationwide Mutual will pay...
Independent Agents Worried About Nationwide/Harleysville Deal
Sep 28 2011 // Northeastern independent agents with Harleysville appointments said they are leery about the reported Nationwide/Harleysville deal and have lots of questions. According to a report by Bloomberg last Friday, giant...
Nationwide Mutual Reportedly in Talks to Buy Harleysville
Sep 26 2011 // Nationwide Mutual Insurance Co. is in talks to buy Harleysville Group Inc., Bloomberg reported last Friday, citing people familiar with the matter. No information was provided with respect to timing, structure or...
Ohio High Court: ‘Start Action’ Rule in Homeowners Policy Not Ambiguous
Aug 25 2011 // The Supreme Court of Ohio has ruled that when read in context with other policy language, a provision in a homeowner’s insurance policy requiring that “any action” against the insurer “must be...
Nationwide Mutual’s Profit Down on $1.5 Billion Disaster Losses
Aug 15 2011 // Insurance company Nationwide Mutual said profits in the first half of the year fell by more than half after paying claims, like the rest of the industry, for some of the worst tornadoes in U.S. history. Privately held...
S&P Revises Outlook on Nationwide to Stable; Affirms Ratings
Jul 18 2011 // Standard & Poor’s Ratings Services has revised its outlook on Nationwide Mutual Insurance Co. (NMIC) and its property/casualty (P/C) affiliates (collectively referred to as Nationwide) to stable from...
Prosecutors: Claims Rep Steals $45K from Insurance Settlement
May 2 2011 // A claims rep for Nationwide in New York has been arrested for stealing $44,900 that should have been paid to a policyholder whose home burned down. State police arrested Scott E. Wood, of Liverpool, in April. Fraud...
Claims Rep Steals $45K from Insurance Settlement
Apr 22 2011 // A claims rep for Nationwide in New York has been arrested for stealing $44,900 that should have been paid to a policyholder whose home burned down. State police arrested Scott E. Wood, of Liverpool, earlier this...
Nationwide Insurance to Open New Facility in San Antonio
Mar 30 2011 // Construction on Nationwide Insurance’s new facility in San Antonio’s Westover Hills is set to begin, following a tree planting ceremony with San Antonio Mayor Julián Castro and Judge Nelson Wolff. The facility...
Nationwide Insurance Lowering Ohio Car Insurance Rates 10% for New Customers
Mar 10 2011 // Nationwide Insurance Company announced it is lowering car insurance rates in Ohio 10 percent for new customers. The company is also offering savings on auto insurance rates for current customers who meet eligibility...
Georgia Supreme Court Upholds Insurers in 2 Uninsured Motorist Cases
Dec 16 2010 // The Supreme Court of Georgia has ruled in favor of insurance companies in two cases involving how much people injured in car wrecks should get under uninsured motorists coverage. At issue was whether the two injured...
Nationwide Insurance Reports Net Income of $975M
Nov 16 2010 // Columbus, Ohio-based Nationwide Insurance has reported that consolidated net operating income through September 30 was up 39 percent to $975 million. That is compared to $702 million in the first three quarters of 2009....
Tennessee High Court Blocks Hospital Lien on Insurer’s Benefit Payment
Nov 1 2010 // Hospitals are not entitled to place liens on insurance benefits paid by insurers to third party service providers, the Tennessee Supreme Court has ruled. The case involved a man, Kevin L. Holt, who was injured in a car...
Nationwide Settles Dispute Over Alabama Employees’ Retirement Plan
Oct 29 2010 // Alabama state employees who relied on a deferred compensation plan from Nationwide Retirement Solutions will receive $16 million in a settlement of lawsuits over millions in fees that were paid to a lobbying group for...
Nationwide Tops List of Least-Complained About Insurers in New York
Oct 26 2010 // Insurer Nationwide is the least-complained about personal auto insurer in New York’s $10 billion auto insurance market, according to newly released ranking of 167 companies by the state’s Insurance...
Tennessee High Court Blocks Hospital Lien on Insurer’s Benefit Payment
Oct 14 2010 // Hospitals are not entitled to place liens on insurance benefits paid by insurers to third party service providers, the Tennessee Supreme Court has ruled. The case involved a man, Kevin L. Holt, who was injured in a car...
Aging Gas Pipe at Risk of Explosion Nationwide
Sep 16 2010 // The tragic gas pipeline explosion in a San Francisco suburb has shed light on a problem usually kept underground: Communities have expanded over pipes built decades earlier when no one lived there. Utilities have been...
Nationwide Insurance Will End PGA Tour Sponsorship in 2012
Sep 7 2010 // Ohio-based Nationwide Insurance has announced it will end its title sponsorship of the PGA Tour’s developmental circuit when the contract expires in two years. Instead, Nationwide will stay involved in golf starting...
