Harleysville Insurance News

Penn. Lawyer Indicted for Insider Trading Ahead of Nationwide-Harleysville Deal

A former partner at a Philadelphia law firm has been charged with insider trading linked to a client’s merger with another insurance firm. Federal prosecutors have charged Herbert Sudfeld with making $75,000 by purchasing stock in Harleysville Insurance the day …

Nationwide to Realign Under Single Brand; Drop Harleysville, Scottsdale Names

Nationwide Mutual Insurance Co. said it will unite all of its products and subsidiaries under its most recognizable brand— Nationwide — and drop the use of Harleysville Insurance, Scottsdale and names of other subsidiaries. Chief Executive Officer Steve Rasmussen said …

Harleysville Insurance President/COO Michael Browne to Retire in May

Nationwide Mutual Insurance Co. announced that Michael Browne, president and chief operating officer of the Harleysville Insurance, a member of the Nationwide family of companies, will retire effective May 1, 2014. Following Browne’s retirement, Kevin Toth, who has been serving …

Nationwide, Harleysville CEOs Reassure Agents: Merger All About Growth

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 insurers. Harleysville is a “perfect match” for …

South Carolina Court Says Insurer Off the Hook for Shoddy Construction

The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy. In a recent ruling, the high court found that a builder’s insurance company, the Pennsylvania-based …