Nationwide Insurance News

Nationwide Insurance CEO Rasmussen to Retire After 10 Years at Helm

Long-time Nationwide Chief Executive Officer Steve Rasmussen plans to retire later in 2019, the company disclosed. Rasmussen’s last official day as CEO will be Oct. 1, 2019, capping more than 10 years leading the Ohio-based insurer. Nationwide noted, however, that …

Nationwide Insurance Cuts More Jobs in Iowa

Nationwide Insurance has more than doubled the number of Des Moines job cuts it announced last fall. Nationwide said in November that about 80 workers in Des Moines would lose their jobs as part of a company effort to eliminate …

Insurers Reminding Farmers About the Dangers of Working in Grain Bins

Working in grain bins can be deadly, so insurers want to remind farmers of the dangers. Nationwide insurance is helping sponsor a campaign to educate farmers about safety procedures they can use when working in grain bins. Farmers should wear …

Nationwide’s ‘SmartMiles’ Auto Insurance Targets Low-Mileage Drivers

For those who work from home, carpool frequently or use public transit more than they drive, Nationwide is launching SmartMiles, an auto insurance policy for low-mileage drivers. BuildIng on its telematics SmartRide offering, SmartMiles allows Nationwide customers to pay for …

Nationwide Invests in Core Systems Insurtech Start-Up Socotra

Nationwide’s latest venture capital investment is in a core technology start-up that promises to help insurers create new insurance products and get them to market faster and integrate more easily with future technologies. The San Francisco start-up, Socotra, is a …

Nationwide Acquires Liability Insurance Program Manager E-Risk Services

Insurer Nationwide has acquired E-Risk Services, a privately-held, program manager specializing in management lines. Terms of the purchase agreement between were not disclosed. The transaction closed on January 1, 2019. E-Risk Services, located in Flanders, N.J., operates as an underwriting …

How Different Generations of Business Owners Feel About Insurance Agents

Millennial business owners are more likely to work with insurance agents than those in other generations. What’s more, they’re seeking agent counsel on a variety of financial issues, according to Nationwide’s fourth annual Business Owner Survey. The insurer sees the …

Nationwide Insurance Cutting 1,000 Jobs

Nationwide intends to eliminate the jobs of about 1,100 employees across the country _ around 3.6 percent of its workforce. The insurance and financial services company says about 80 workers in Des Moines and 350 in Columbus, Ohio, were told …

Opioid Memorial in Houston as Part of Nationwide Tour

The National Safety Council on Monday made Houston the sixth stop on a nationwide tour of its exhibit, Prescribed to Death: A Memorial to the Victims of the Opioid Crisis, by unveiling the display inside the George R. Brown Convention …

Nationwide Insurance to Provide Aid to Employees Losing Jobs in Nebraska

A Nationwide Insurance spokesman says the company intends to provide career management resources and other aid to employees who will be losing their jobs in Lincoln, Nebraska. Nationwide spokesman Eric Hardgrove said that the company announced in 2015 plans to …