Nationwide Insurance Co. has signed a seven-year deal in Charlotte, N.C., to become the title sponsor of American stock-car racing’s No. 2 series beginning in 2008. The series will be called the NASCAR Nationwide Series.
Nationwide replaces Anheuser-Busch, the maker of Budweiser beer that has sponsored the series in the National Association for Stock Car Auto Racing for 26 seasons.
The deal is believed to be between $10 million and $12 million a year.
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI From This Issue
