nationwide News

Ohio’s Nationwide Investing $160M in Workforce Development, Retention

The Columbus, Ohio-based insurance company, Nationwide, will invest $160 million in its workforce over the next five years, the company has reported. The money will go toward attracting, developing and retaining talent, and will include investments in reskilling and upskilling …

Texas Windstorm Votes to Assess Members $90M for Harvey, Defer Action on Rates

The Texas Windstorm Insurance Association board of directors voted today to assess member insurance companies $90 million based on losses from Hurricane Harvey and voted to defer further consideration of action regarding TWIA insurance rates on residential and commercial policies …

Watch Out Insurtechs: Nationwide Readies Own Digital Auto Insurance Platform

Nationwide plans on striking hard against digital insurer upstart competitors with the debut of Spire, a digital auto insurance platform with an eye on millennial customers. Spire, which will be rolled out in the 2019 fourth quarter, centers around the …

Nationwide’s Digital Storefront Targets Small Business Market

Nationwide said it has formally launched a commercial insurance digital storefront targeted to small businesses. Small business owners will be able to use the site online directly to generate a quote and bind a policy, or do the same thing …

Iowa’s LMC Insurance Teams Up with Nationwide on Renters Insurance Program

LMC Insurance and Risk Management (LMC Insurance) in West Des Moines, Iowa, has partnered with Ohio-based Nationwide on a new renters insurance program. Called BluCanopy, the program is powered by Nationwide.com and makes it easy for people to get a …

Nationwide Offers Independent Agents a Commercial Insurance Digital Storefront

Giant insurer Nationwide is partnering with an insurtech in an effort to speed up its product underwriting for commercial lines property/casualty agents. The technology Nationwide is deploying was developed by Ohio-based Bold Penguin. The portal offers real time commercial risk …

Nationwide Taps Insider Walker as CEO to Succeed Rasmussen

Columbus, Ohio-based insurer Nationwide said Kirt Walker, a 33-year company veteran, will become its next chief executive officer. Plans call for Walker to take over the CEO slot on Oct. 1, 2019. He will succeed current CEO Steve Rasmussen, who …

Ryan Specialty Group and Nationwide Form Bermuda Reinsurer, Geneva Re

Ryan Specialty Group (RSG) and Nationwide announced they have formed a new Bermuda reinsurance company, Geneva Re Ltd. Columbus, Ohio-headquartered Nationwide will own 50 percent of the venture with RSG and RSG-related investors holding the remaining 50 percent. Reinsurance industry …

3 Things Insurance Professionals Should Know in Honor of Wine Day

National Wine Day is a thing. And it’s today. Oenophiles probably know that May 25 is Wine Day, but the annual celebration of fermented grapes might be news to those who only like, but don’t necessarily love, all things wine. …

Top 10 Agribusiness Insurance Claims

Motor vehicle accidents are the most common agribusiness insurance claim, according to insurer Nationwide. The Ohio-based insurer, the nation’s largest insurer of farms, said that over the last three years, the top 10 claim types have accounted for more than …