Latest Allied Insurance Headlines
All the headlines from our Allied Insurance Topic Page, ordered by recency.
Business Moves
Jul 7 2008 // South Carolina Medical Association The South Carolina Medical Association has launched its new subsidiary, the South Carolina Physician Assurance Co. The new insurance company will provide medical malpractice coverage to...
National Insurer Wants to Include Flood Coverage in Home Policies
Jul 7 2008 // One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid...
Nationwide Insurance Pushes to Include Flood Coverage in Home Policies
Jun 27 2008 // One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid...
Nationwide Insurance to Consolidate in West Virginia
Jun 19 2008 // Nationwide Insurance will open a consolidated state claims office in Kanawha County in July. Nationwide spokeswoman Liz Christopher said June 17 that five claims offices with 72 employees statewide will be moved to one...
Update: 2 Insurers to Pick up State Farm’s Non-renewals
Jun 16 2008 // Nationwide and Allstate will insure homes along the Mississippi coast where the current insurer decided not to renew policies, officials said. The State Farm Insurance action involves 892 policies within 1,000 feet of...
Safeco Teen Driver Program Rolled Out Nationwide
Jun 9 2008 // Seattle-based Safeco announced that its safe teen driving solution, Teensurance is now available nationwide. Teensurance offers a set of online tools to encourage safe driving, including a GPS-based device – the...
S&P Keeps Nationwide on CreditWatch
Jun 2 2008 // Standard & Poor’s Ratings Services has announced that it is keeping its ratings on Nationwide Financial Services Inc. (NFS), its subsidiaries, and related securities on CreditWatch with negative...
Nationwide Insurance Cuts 204 Jobs in Oregon
May 19 2008 // Nationwide Insurance says it will cut 204 jobs at its Portland, Ore., offices in June. According to a filing with the state, the mass layoff is part of Nationwide’s plans to eliminate certain departments. Nationwide...
Business Moves
May 5 2008 // BB&T Insurance Services, Union Bank of California Raleigh, N.C.-based BB&T Insurance Services reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary,...
Ratings Recap: Nationwide, Southern Pioneer, Navigators, Allied World Re, Excess Re
Apr 1 2008 // Fitch Ratings has affirmed the ‘AA-‘ insurer financial strength (IFS) ratings on Nationwide Mutual Insurance Company (NMIC) and its related intercompany pool members (collectively, Nationwide Mutual), as well...
Ratings Roundup: Motor Club, CIFG, Nationwide, Medical Savings
Mar 13 2008 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” and assigned a category NR-5 (Not Formally Followed) to Motor Club Insurance...
Best Affirms Nationwide’s ‘A+’ Ratings
Mar 12 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Nationwide Group and its four P/C pooled members and 22 reinsured...
Best Affirms Nationwide Financial’s Ratings; Comments on Acquisition
Mar 12 2008 // As indicated in the previous article (See above), A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of the core...
Ratings Recap: CIFG, Tall Pines, Conn. Medical, Nationwide, Wolverine
Mar 11 2008 // Fitch Ratings has downgraded CIFG to ‘AA-‘ from ‘AAA’ and kept the ratings on Rating Watch Negative. The downgrade affects the Insurer Financial Strength (IFS) ratings for CIFG Guaranty and...
Miss. Shooting Victim Awarded $4.5M, Nationwide Insurance not Liable
Jan 17 2008 // A Madison County, Miss., jury awarded $4.5 million to a woman who was shot in the arm after an accident at a fast food restaurant in Ridgeland, Miss. The jury on Tuesday found Vicksburg attorney Thomas Randy Clark liable...
Nationwide Raises Earthquake Coverage Deductible in Ohio
Jan 4 2008 // Nationwide Mutual Insurance Co. is raising the deductible on its earthquake coverage because of the risk of major losses from an earthquake. Columbus-based Nationwide is raising the deductible from 2 percent to 5 percent...
Fla. Nationwide Insurance Office Robbed, Woman Set on Fire Dies
Dec 21 2007 // One of the women set on fire during the robbery of an insurance office in Lake Wales, Fla., last week has died, authorities said. The death of 26-year-old Yvonne Bustamante at an Orlando hospital Tuesday night brings to...
Nationwide Insurance to Eliminate More Jobs in Neb.
Nov 1 2007 // A company’s national realignment will cost Lincoln about 90 jobs over the next 12 to 18 months. Nationwide Insurance spokesman Eric Hardgrove says the company and its affiliate Allied Insurance have 727 employees in...
N.C.: Nationwide Signs 7-Year Deal to Sponsor NASCAR’s No. 2 Series
Oct 5 2007 // Nationwide Insurance Co. has signed a seven-year deal in Charlotte, N.C., to become the title sponsor of American stock-car racing’s No. 2 series beginning in 2008. Nationwide replaces Anheuser-Busch, the maker of...
Nationwide Decreases Calif. Homeowners Rates
Oct 2 2007 // Columbus, Ohio-based Nationwide Insurance Company of America announced it is cutting homeowners insurance rates in California an average of 9.4 percent. The decrease takes effect today, Oct. 2, 2007. Nationwide is also...
