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 […]
Attorneys General Announce $5.5 Million Multi-State Settlement With Nationwide Insurance Over 2012 Data Breach
Attorneys General in 33 states have reached a settlement with the Nationwide Mutual Insurance Company and its subsidiary, Allied Property & Casualty Insurance Company, concerning an October 2012 data breach. The data breach, which the states allege had been caused by the failure to apply a critical security patch intended to prevent hacking or viral […]
Nationwide Insurance Awards $50,000 to Schools Through Collision Repair Education Foundation
The Collision Repair Education Foundation announced that Nationwide Insurance has made a $50,000 donation to assist the Education Foundation’s support of high school and college collision school programs across the country through school grants. Six schools were supported through these Nationwide school grants. The schools applied for the Education Foundation’s 2016 Ultimate Collision Education Makeover […]
National General Acquires Renewal Rights for Nationwide Non-Standard Auto Business
National General Holdings Corp. (NGHC) on December 8 announced that it has entered into a renewal rights transaction with Nationwide Mutual Insurance Company 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 to their non-standard auto customers. National General Chief […]
CARSTAR Tim’s Collision Named Nationwide Insurance Midwest Shop of the Year
Nationwide Insurance has announced the winners of the 2015 On Your Side Auto Repair Network Shop of the Year Awards. CARSTAR Tim’s Collision in Twinsburg, Ohio has been named the winner for the Midwest zone. CARSTAR Tim’s Collision is the flagship location for owners Jeremy and Theresa Orsky. The Orsky’s have been a part of […]