Nationwide is shedding about 100,000 pet policies, saying it needed to change underwriting and plan availability in some states to ensure a “financially sustainable future” for its pet insurance book.
Tag: Nationwide
Nationwide Pulling Back on High Net Worth Business, an Evolving Niche
Nationwide is narrowing its high net worth offering, the first step in a plan to migrate all of its personal lines business to a single operating model and platform, according to a spokesperson.
Nationwide Won’t Renew 10,000+ Homeowners Policies in Eastern NC
Nationwide’s decision to not renew 10,525 homeowners’ insurance policies in Eastern North Carolina could be a warning sign for the state’s insurance market, an expert told The News & Observer.
Nationwide Latest Major U.S. Insurer to Pull-Back, Citing Cat Weather Losses & Inflation
Nationwide Mutual Insurance is the latest major US carrier to announce that it is pulling-back, due to catastrophic weather losses and inflation among other reasons.
Ryan Specialty and Nationwide Build Upon Joint Venture Relationship
Ryan Specialty is pleased to announce a new strategic arrangement with US-based Nationwide to support innovation and address needs in the specialty insurance marketplace. The companies remain parties to a joint venture first entered into in May 2019 that established Bermuda-based reinsurer, Geneva Re Ltd. Expanding on their strong relationship, this new strategic arrangement provides… Continue reading Ryan Specialty and Nationwide Build Upon Joint Venture Relationship
Nationwide Offers Business Prime Members Coverage Tool to Provide Protection
Protecting their business – it’s at the top of every small business owner’s mind. While they know it’s very important to ensure their business has all the insurance protection it needs, oftentimes the day-to-day needs of their companies take priority. To help them assess their business’s protection needs, Nationwide is offering its Coverage Assistant tool… Continue reading Nationwide Offers Business Prime Members Coverage Tool to Provide Protection
Reliance Global Group Adds Travelers, Nationwide to Its 5MinuteInsure.com Platform
Reliance Global Group, Inc., an insurtech company focused on combining advanced technologies with the personalized experience of a traditional insurance agency, today announced its subsidiary, Fortman Insurance Services LLC, has been approved to offer Travelers and Nationwide insurance products nationally through the Company’s 5MinuteInsure.com platform. Reliance plans to initially focus on home and auto insurance,… Continue reading Reliance Global Group Adds Travelers, Nationwide to Its 5MinuteInsure.com Platform
Nationwide to Waive Fees for Eligible Retirement Plans Amid COVID-19
As Americans and American businesses continue to struggle with the economic fallout of the COVID-19 pandemic, Nationwide Retirement Plans has taken another step to help plan sponsors and participants prioritize retirement savings. Today, Nationwide Retirement Plans announced a new fee waiver program that provides temporary financial relief to plans that move to Nationwide in 2020.… Continue reading Nationwide to Waive Fees for Eligible Retirement Plans Amid COVID-19
Nationwide Completes Transition to Fully Independent Agency Model
On July 1, Nationwide makes history by completing its 18-month transition to operate as a fully independent agency carrier. More than 99% of the company’s formerly captive agents will transition to Nationwide’s independent agency channel and continue partnering with the company. Since the company made the announcement to transition to a fully independent model in… Continue reading Nationwide Completes Transition to Fully Independent Agency Model
Nationwide Announces Permanent Shift in Workplace, Including Work-from-Home Strategy
On Wednesday, Nationwide announced a plan to permanently transition to a hybrid operating model that comprises primarily working-from-office in four main corporate campuses, and working-from-home in most other locations. “We’ve been investing in our technological capabilities for years, and those investments really paid off when we needed to transition quickly to a 98 percent work-from-home… Continue reading Nationwide Announces Permanent Shift in Workplace, Including Work-from-Home Strategy