nationwide News

Eyeing Affluent Market, Crestbrook Ready to Launch in Illinois

Well-to-do Illinois residents and their insurance agents can soon look forward to another option when it comes to protecting their assets. Crestbrook Insurance has selected Illinois for the launch of what is essentially a start-up insurance company focusing on the …

Report: Liberty Mutual Failed in Bid to Buy Harleysville

It turns out there was another player in last year’s merger deal between Nationwide Mutual Insurance Co. and Harleysville Mutual Insurance Co. According to a news report, Liberty Mutual also made an offer last September to buy Harleysville but was …

Farmers Settles Class Action Lawsuit Filed in Oklahoma

A nationwide class action lawsuit filed against Farmers Insurance has been settled, according to the insurance giant. Plaintiffs alleged that Farmers failed to pay reasonable expenses for necessary medical services related to automobile accidents under medical payments (“Med-pay”) and personal …

Nationwide Posts $852M Q3 Loss Due to Disasters, Interest Rates

Nationwide Mutual reported a third-quarter loss Friday, as the property insurer said it was hurt by investment losses and continuing high levels of claims from natural disasters. Privately held Nationwide, one of the largest insurers in the country, said it …

Nationwide Test of Emergency Alert System Set for Today on Radio, TV

The Federal Emergency Management Agency (FEMA), along with its federal, state and local partners, is reminding the American public that today, at 2:00 p..m Eastern, Americans should expect to see or hear the first-ever nationwide test of the Emergency Alert …

Nationwide and Harleysville Combine

Nationwide Mutual Insurance Company and Harleysville Mutual Insurance Company and Harleysville Group Inc. today announced they have entered into an agreement under which Harleysville will combine with Nationwide. Under the terms of the agreement, Harleysville Mutual policyholders will become policyholders …

Nationwide Passenger Bus Safety Inspection Sweep Announced

Federal, state and local police began conducting thousands of surprise safety inspections of motorcoaches, tour buses, school buses and other passenger vehicles across the country as part of a nationwide Passenger Carrier Strike Force. The two-week inspection sweep will continue …

Nationwide Profit Down Due to $1.5 Billion Disaster Losses

Insurance company Nationwide Mutual said profits in the first half of the year fell by more than half after paying claims, like the rest of the industry, for some of the worst tornadoes in U.S. history. Privately held Nationwide, one …

Insurance Companies to Pay $50K Penalty to Iowa

Allied Property and Casualty Insurance and six affiliated companies have agreed to pay a $50,000 penalty to the state of Iowa for overcharging on more than 1,700 Iowa auto insurance policies. The Gazette said that coding errors caused the companies …