Latest Allied Insurance Headlines
All the headlines from our Allied Insurance Topic Page, ordered by recency.
Nationwide Posts Q3 Loss on Weather, Interest Rates
Nov 14 2011 // Nationwide Mutual reported a third-quarter loss Friday, as the property insurer said it was hurt by investment losses and continuing high levels of claims from natural disasters. Privately held Nationwide, one of the...
Nationwide Test of Emergency Alert System Set for Today on Radio, TV
Nov 9 2011 // The Federal Emergency Management Agency (FEMA), along with its federal, state and local partners, is reminding the American public that today, at 2:00 p..m Eastern, Americans should expect to see or hear the first-ever...
Nationwide, Harleysville CEOs Say Merger All About Growth
Oct 17 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...
Mississippi High Court Due to Rule in Wind-Water Insurance Case
Oct 12 2011 // A decision is pending from the Mississippi Supreme Court in another wind vs. water case, this one involving a Pascagoula home subjected to 6.3 feet of storm surge. The National Flood Insurance Program paid Jackson County...
Worldwide Facilities Appointed Nationwide Producer for NutraAdvantage
Oct 11 2011 // Worldwide Facilities, Inc. has been appointed the nationwide exclusive producer for General Star’s NutraAdvantage product. The exclusive arrangement includes delegated underwriting authority for Worldwide Facilities,...
S&P Affirms Nationwide’s ‘A+’ Ratings after Harleysville Buy
Oct 11 2011 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ counterparty credit and financial strength ratings on Nationwide Mutual Insurance Co. and its property/casualty affiliates (collectively...
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....
