Construction business owners experienced declines in their revenues, project completions, new bids and workforce, as the pandemic took hold in 2020. In fact, 7-in-10 construction business owners were negatively affected by COVID-19, according to research from insurer Nationwide. The New …
SafeWaters Underwriting Managers has secured a delegated authority underwriting agreement with Nationwide to provide tailor made yacht insurance products. Products will be written on National Casualty company paper, a Nationwide Company. SafeWaters, a subsidiary of RSG Underwriting Managers, specializes in …
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 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 …
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 …
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’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 …
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 …
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 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 …
