Latest Allied Insurance Headlines
All the headlines from our Allied Insurance Topic Page, ordered by recency.
Federal Court to Hear Nationwide’s Miss. Katrina Storm Surge Appeal
Jul 6 2007 // A federal appeals court has set Aug. 6 as the date to hear arguments on whether Nationwide Mutual Insurance Co. should be forced to cover storm surge damage to a Mississippi’s couple’s home from Hurricane...
Burns & Wilcox Offers Medical Professions Coverage Nationwide
Jul 2 2007 // Specialty insurance broker Burns & Wilcox announced it has access to specified medical professions products offered by Shand Morahan & Co. Inc. and Colony Insurance Co. The markets can be written with combined...
Nationwide Adds $25 Million to Miss. Slab Claim Reevaluations
Jun 28 2007 // The Nationwide Insurance Companies, who agreed to voluntarily reevaluate Hurricane Katrina slab cases in April, have paid an additional $25 million in claims payments since the reevaluation process began, according to...
Nationwide and Germania Donate to Texas Arson Hotline
May 29 2007 // Two insurers, Nationwide and Germania, have made donations to the Texas Arson Hotline, the Insurance Council of Texas reported. Each donated $1,000. The Arson Hotline has been responsible for more than two dozen arrests on...
Ratings Roundup: Nationwide Notes
May 25 2007 // A.M. Best Co. has assigned a debt rating of “bbb” to the $400 million 6.75 percent fixed-to-floating rate junior subordinated notes issued by Nationwide Financial Services, Inc. The notes have a scheduled...
U.S. Grand Jury Subpoenas Allstate, Nationwide over Katrina Claims
May 21 2007 // Allstate Corp. and Nationwide Mutual Insurance Co. have been subpoenaed by a federal grand jury investigating the insurance industry’s handling of Hurricane Katrina claims in Mississippi, the companies...
Ratings Recap: Delphi, RTW, Nationwide Financial, United America
May 16 2007 // Standard & Poor’s Ratings Services has assigned its “BBB-” preferred stock rating to Delphi Financial Group Inc.’s proposed $150 million, junior subordinated deferrable interest debentures with...
News Currents
May 7 2007 // Nationwide to readjust 500 Miss. Katrina claims Nationwide Mutual Insurance Co. will readjust claims for about 500 Mississippi policyholders whose homes were reduced to foundations by Hurricane Katrina, state Insurance...
Professional Program Insurance Brokerage Lowers Property Rates Nationwide
May 1 2007 // Due to the huge success and continued growth of all of their offered programs, combined with a catastrophe free season, Professional Program Insurance Brokerage has reduced their property rates nationwide. New rates take...
Nationwide Agrees to Readjust 500 Miss. Katrina Claims
Apr 20 2007 // Nationwide Mutual Insurance Co. will readjust claims for about 500 Mississippi policyholders whose homes were reduced to foundations by Hurricane Katrina, state Insurance Commissioner George Dale said. The so-called...
New Fla. Law to Lower Nationwide’s 54% Homeowners Hike
Apr 2 2007 // An arbitration panel has approved a statewide average increase of 54 percent for homeowners rates that Nationwide Insurance requested last year – but for many policyholders it will likely be much less because of a...
Bliss & Glennon Expands Nationwide with Central, Southeast Offices
Mar 8 2007 // Bliss and Glennon, Inc., a managing general agency and surplus lines broker, has announced its expansion into the Central and Southeast regions of the country. Robert P. Abramson, director of Excess and Surplus Lines,...
GMAC to Offer RV Coverage Nationwide
Feb 27 2007 // St. Louis-based GMAC Insurance announced the nationwide rollout of its specialized RV insurance through independent agencies. The move comes as part of a GMAC Insurance initiative to expand its product offerings sold...
Katrina lawsuits: Are the winds of fortune changing for insurers?
Feb 26 2007 // In the immediate aftermath of Hurricane Katrina when it became apparent that property losses would total billions of dollars, the insurance industry was understandably concerned that courts in Mississippi and Louisiana...
Katrina lawsuits: Are the winds of fortune changing for insurers?
Feb 25 2007 // In the immediate aftermath of Hurricane Katrina when it became apparent that property losses would total billions of dollars, the insurance industry was understandably concerned that courts in Mississippi and Louisiana...
Ohio Nationwide Insurance Members’ Data Taken in Theft from Vendor
Jan 25 2007 // Computer records containing medical claim information, health data and Social Security numbers of 28,279 Nationwide insurance customers were stolen from the office of a vendor in Massachusetts, the company said. A lockbox...
Nationwide Super Bowl Ad Draws Criticism from Restaurant Association
Jan 25 2007 // A restaurant trade group is insulted by an insurance company’s planned Super Bowl commercial starring Kevin Federline working at a fast-food joint. Nationwide Mutual Insurance Co.’s ad shows Federline, the...
Fla. CFO Launches Nationwide Search for Fraud Director
Jan 23 2007 // In effort to combat the mounting rate of insurance fraud, Florida Chief Financial Officer Alex Sink has launched a nationwide search for a “highly-experienced and talented” law enforcement official to lead the...
N.Y.-N.J. Ports Panel Urges Nationwide Cargo Standards, Security Czar
Dec 22 2006 // A port security task force this week urged that the nation adopt mandatory security standards for cargo and that the president appoint a port security czar to coordinate the federal agencies that oversee the nation’s...
Regulator Study Shows Iowa Motorists Rank 50 Nationwide
Dec 15 2006 // Iowa motorists’ ability to avoid accidents has made the state one of the cheapest place to buy auto insurance, an industry report says. A survey by the National Association of Insurance Commissioners, found that in...
