Nationwide Insurance News

Nationwide Says Extreme Weather Brings Bigger Claims, Need for Disaster Plans

More extreme weather has led to more extreme insurance claims in the U.S. over the past few years. In a review of more than 100,000 commercial catastrophe claims during a 10-year period, Mark A. Anderson, a claims executive at Nationwide …

National General Purchases Non-Standard Auto Renewal Rights from Nationwide

National General Holdings Corp. has entered into a renewal rights transaction with Nationwide Mutual Insurance Co. for its personal and commercial non-standard vehicle in-force policies. National General will partner with Nationwide’s exclusive and independent agent force to sell its policies …

Maryland School Bus Driver Killed in Crash Had Traffic Violation History

The Baltimore school bus driver who died along with five others in a collision with a commuter bus was found at fault in three traffic-related cases in the last eight years, according to civil and criminal court records and an …

More Insurers Disclosing Climate Change Risks, Report Shows

Insurers in the U.S. are increasingly willing to disclose their risk management practices related to climate change, and that in part may be attributable to last year’s global accord in Paris and shifting attitudes in the business world on the …

New York Insurance Association Elects 2016 Officers, Board of Directors

The New York Insurance Association (NYIA) announced that Steven J. Coffey, president and chief executive officer of Broome Co-operative Insurance Company (BCIC), has been elected to serve as the association’s chair for 2016. Coffey has been on the NYIA board …

Scottsdale Insurance’s Miller Departs to Lead Parent Nationwide’s Venture Arm

Michael Miller, the longtime president and chief operating officer of Scottsdale Insurance Co., has quietly moved onto a new executive role with corporate parent Nationwide where he’ll manage and spearhead strategic investments for the insurance giant. Miller is the new …

Nationwide Launches New Online Quoting System for Small Business Agents

Nationwide is launching FastPath, a quicker commercial quoting system for insurance agents serving small-business clients. Features of FastPath include: Faster quoting with an average of 80 percent fewer screens Streamlined technology that saves time Automatic acceptance of 60 percent of …

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 to Close Virginia Call Center; 340 Jobs to Leave Area

Nationwide Insurance says it will close its Lynchburg, Virginia, call center by the middle of 2016. The News & Advance reports that the move means 340 jobs will leave the area. Nationwide spokesman Eric Hardgrove says the closure is part …

Former Washington Adjuster Pleads Guilty To $135,000 Theft

Former Nationwide Insurance claims associate Fariborz Romeo Rahrovi, 40, on Friday pled guilty in King County Superior Court in Washington to two counts of theft, criminal conspiracy and money laundering related to the theft of an accident victim’s $525,000 insurance …