Nationwide announced it is expanding its venture capital investment fund to $350 million. The funding will be directed into high-growth potential insurance and financial services startups that directly advance Nationwide’s strategy and enable even greater customer value. To date, Nationwide’s venture capital team has invested in 25 companies and has helped facilitate 31 partnerships between […]
Nationwide’s Russ Sims Joins CIECA Board
The Collision Industry Electronic Commerce Association (CIECA) announced that Russ Sims, property & casualty claims senior business consultant for Nationwide, joined CIECA’s board of trustees, effective immediately. In his new role, Sims will support CIECA’s mission to develop and promote electronic data integration standards that allow all segments of the collision industry to be more […]
Collision Repair Education Foundation Thanks Insurance Industry for Support of Critical Resources to Schools Impacted by COVID-19
The Collision Repair Education Foundation (CREF) publicly thanked the insurance industry for rallying behind it during a time when raising funds is extremely difficult. Six extremely generous insurance organizations have stepped in to offer their support, donating funds that can help CREF make good on its mission of connecting the next generation of collision repairers […]
Nationwide Insurance Completes Transition to Independent Agency Model
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, […]