Nationwide Insurance News

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 …

Nationwide-Backed Fund to Acquire Solar Projects

Nationwide Mutual Insurance Co. and clean energy developer Sol Systems are investing $100 million into a fund they are forming to acquire U.S. solar projects. The Helios Infrastructure Fund plans to buy more than 330 megawatts of solar over the …

Nationwide Says Extreme Weather Brings Bigger Claims, Need for Disaster Plans

More extreme weather has led to more extreme insurance claims in the U.S. over the past few years. In a review of more than 100,000 commercial catastrophe claims during a 10-year period, Mark A. Anderson, a claims executive at Nationwide …

National General Purchases Non-Standard Auto Renewal Rights from Nationwide

National General Holdings Corp. has entered into a renewal rights transaction with Nationwide Mutual Insurance Co. for its personal and commercial non-standard vehicle in-force policies. National General will partner with Nationwide’s exclusive and independent agent force to sell its policies …

Maryland School Bus Driver Killed in Crash Had Traffic Violation History

The Baltimore school bus driver who died along with five others in a collision with a commuter bus was found at fault in three traffic-related cases in the last eight years, according to civil and criminal court records and an …