nationwide News

Iowa-Based Global Insurance Accelerator Names 2016 Class of Startups

Global Insurance Accelerator (GIA), a Des Moines, Iowa-based global business accelerator focused on developing and growing innovative insurance-centric startups, has announced its 2016 portfolio. With a global pool of twice as many applicants compared to the previous year, the five …

Clark Tapped to Lead Nationwide’s Excess and Surplus Lines Business

Columbus, Ohio-based property/casualty insurer, Nationwide, announced that Tom Clark has been elected president of Nationwide’s Excess & Surplus lines business. In a planned leadership transition the company announced in 2014, Clark succeeds Mike Miller, who remains with Nationwide. Prior to …

California Blazes Destroy 2,000-plus Homes, Curb Insurer Appetites

A pair of massive California wildfires that have destroyed more than 2,000 structures are now considered among the most damaging fires in state history, and they could change the way insurers view risk or conduct underwriting in rural areas in …

Nationwide to Pay West Virginia $5.75M in Farm Bureau Discount Suit

Attorney General Patrick Morrisey has reached a $5.75 million settlement with Nationwide Insurance regarding a discount on certain insurance products for West Virginia Farm Bureau members. Morrisey announced the settlement July 2. Former Attorney General Darrell McGraw filed the lawsuit …

Nationwide, Hartford Steam Boiler Offer Cyber Cover for Small Business Owners

As more than half of all U.S. small businesses have experienced a data breach, Nationwide has joined forces with Hartford Steam Boiler (HSB) to offer cyber insurance coverage for small business owners. The services and coverages help small businesses respond …

Texas Insurance Community Aims High in United Way Campaign

Texas insurance companies and agency partners are challenging themselves and other insurance industry professionals to raise the bar for philanthropy and volunteerism on behalf of the United Way for Greater Austin. So far they are on track, with contributions coming …

California’s Jones to Review Nationwide Following Security Breach

California Insurance Commissioner Dave Jones announced said his office will conduct a review of Nationwide/Allied Group of insurance companies’ cyber security measures to ensure the company is doing all it can to protect consumers from theft or loss of their …

Commissioner: Security Breach at Nationwide Compromises Oklahoma Customer Info

Oklahoma Insurance Commissioner John Doak says a security breach at an Ohio-based insurer has compromised the personal information of 534 Oklahomans. Doak says the computer network used by Nationwide Insurance Co. of Columbus, Ohio, and Allied Insurance was attacked on …

Nationwide Calls Harleysville Deal ‘Fair and Compelling’

Nationwide is brushing off Liberty Mutual’s allegation that Nationwide’s pending acquisition of Harleysville Mutual would unfairly benefit subsidiary Harleysville Group’s stock shareholders at the expense of Harleysville Mutual policyholders. In particular, Liberty Mutual noted in its comment letter to the …

Report: Liberty Mutual Failed in Bid to Buy Harleysville

It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last September to buy Harleysville but was …