On July 1, Nationwide completed 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 2018, new written […]
Nationwide Acquires Renewal Rights for United Fire & Casualty Company Personal Lines Business
United Fire & Casualty Company (UFG) and Nationwide have entered into a renewal rights agreement for UFG’s personal lines business, providing UFG’s independent insurance agents with the opportunity to transfer personal lines policies to Nationwide beginning in the third quarter of 2020, subject to the receipt of applicable regulatory approvals. As part of this agreement, […]
Nationwide to Close Offices in Five States in Permanent Shift in Workplace and Work-from-Home Strategy
Employees at five locations in the U.S. will shift to work-at-home permanently. Nationwide announced a plan to permanently transition to a hybrid operating model where staff will be 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 […]
Nationwide Announces Partnership with Toyota to Offer Usage-Based Auto Insurance
Program offer consumers discounts on insurance, OEM parts and referrals to Toyota Certified Collision Centers. Nationwide and Toyota Insurance Management Solutions (TIMS) have teamed up to launch TIMS BrightDrive, a Toyota insurance experience that simplifies the purchasing process while rewarding customers for their safe driving. This is Nationwide’s second vehicle manufacturer partnership announced in the […]
Ford Motor Company Launches Usage-Based Insurance Program in Partnership with Nationwide Insurance
Customers can opt in and share driving data with Nationwide, will have access to Nationwide Accident Forgiveness option as well as collision repairs using genuine Ford parts. Ford Motor Company announced a partnership with Nationwide Insurance to offer a usage-based insurance program to new vehicle owners. Ford Insure and Lincoln Motor Company Insure, powered by Nationwide, […]
Nationwide Invests in Connected Vehicle Cybersecurity Firm
Nationwide’s venture capital team has invested in Upstream Security, a provider of cybersecurity for connected vehicles. The investment is designed to help the Israel-based company enable OEM car manufacturers and fleets to detect, monitor and respond to attacks, targeting any part of the connected vehicle framework – even for vehicles already on the road. As […]
Kirt Walker Named CEO-Elect at Nationwide
Kirt Walker has been named Chief Executive Officer-elect of Nationwide. He will assume the top leadership role at the Columbus, Ohio-based insurance and financial services provider on Oct. 1, succeeding CEO Steve Rasmussen, who earlier this spring announced his decision to retire in the fall. Walker, with the Nationwide family of companies for 33 years, […]
Nationwide CEO Steve Rasmussen Plans to Retire
Nationwide Chief Executive Officer Steve Rasmussen announced that he plans to retire effective October 1. The Nationwide Board of Directors is conducting a search for a successor with the support of an independent CEO succession advisor. Rasmussen will continue to be available through the end of this year to ensure a smooth transition. Rasmussen has […]
Pennsylvania Supreme Court to Address Insurer Duty for Proper Collision Repairs
State Supreme Court grants plaintiffs appeal in $21 million bad faith case against Nationwide Insurance that was overturned. The Pennsylvania Supreme Court on March 29 agreed to hear a plaintiffs appeal of the overturning of a $21 million bad faith judgement against Nationwide Mutual Insurance dating back to a 1996 accident and subsequent collision repair. […]
Nationwide Will Transition to Fully Independent Agency Distribution by 2020
Nationwide announced its intention to shift entirely to an independent agency distribution model by July 1, 2020. The company is one of the largest insurance carriers that currently sells products through both exclusive and independent agents. Nationwide is the 8th largest private passenger auto insurer in the U.S. based upon its 2017 market share. Approximately […]