Stories by Business Daily on Business Daily

A recent survey conducted by Nationwide reveals that many homeowners are unaware of the potential financial burden they may face when it comes to service line damage. Contrary to popular belief, utility companies are not always responsible for the repair of service lines that run into homes. This means that homeowners may be left to foot the bill for repairs if these lines are damaged or break.According to the survey, 32% of homeowners mistakenly believe that service line coverage is included in their standard home insurance policy. However, this coverage is not...

Nationwide Teams Up with Columbus Fury for Club’s Inaugural Season

Nationwide has announced a partnership with the Columbus Fury, a member club of the new Pro Volleyball Federation, to sponsor the team's inaugural season. Ramon Jones, Executive Vice President and Chief Marketing Officer for Nationwide, expressed the company's excitement about the collaboration, stating, "The introduction of the Columbus Fury is an exciting addition to Columbus’ sports scene, and Nationwide is happy to be part of this milestone moment for women’s professional volleyball."Dr. David Paitson, CEO of the Columbus Fury, also shared his enthusiasm about the...

Allstate CFO to Present at Raymond James Annual Institutional Investors Conference

NORTHBROOK, Ill., Feb. 14, 2024 – The Allstate Corporation (NYSE: ALL) has announced that Jess Merten, the company's Chief Financial Officer, will be presenting at the Raymond James Annual Institutional Investors Conference on Monday, March 4. The presentation is scheduled to take place at 7:40 a.m. Central time.This conference is an important event for institutional investors, and Allstate's participation underscores the company's commitment to keeping its stakeholders informed about its financial performance and strategic direction. The presentation by Jess Merten will...

Nationwide's Universal Life Website Receives Top Recognition for Customer Experience

Nationwide's universal life website has been recognized for providing the best customer experience by DALBAR, a leading authority in the field. The company's website received the prestigious DALBAR Communications Seal of Excellence, making it the sole recipient of this designation.Scoring an impressive 82.04, Nationwide's website ranked first overall, surpassing the industry average score of 68.95 by a significant margin. It outperformed 20 other competitors in categories such as functionality and behavior centric features.Holly Snyder, president of Nationwide's Life...

Find Your Perfect Match with Nationwide's Enhanced Pet HealthZone®

By Business Daily | Feb 13, 2024

Nationwide, the largest U.S. provider of pet health insurance, has introduced a new way for pet parents to connect with their beloved furry friends through the Pet HealthZone. Dr. Jules Benson, Nationwide's Chief Veterinary Officer and Vice President of Pet Health, emphasizes the importance of the Pet HealthZone in strengthening the bond between pets and their owners: "One way to return our pets’ unconditional love is by ensuring we are the best pet parents we can be."The Pet HealthZone now offers detailed profiles of 11 cat breeds and over 100 dog breeds, including...

BofA program provides banking & investing benefits to 4 million corporate employees

By Business Daily | Feb 12, 2024

Bank of America has reported that over 450 corporate and commercial clients have enrolled in its Employee Banking & Investing (EBI) program. These clients, which span a range of industries across the country, are extending the benefits of this Bank of America initiative to their employees.

OPINION: A Stunning Year in Review: Marking FFROA’s many achievements in our first year, and looking ahead to more wins in 2024

By Business Daily | Feb 12, 2024

At the Foundation for the Restoration of America (FFROA), we believe the best way to preserve the timeless lessons of our nation’s past is by inspiring the next generation to treasure America’s founding documents. An educated public armed with an intimate knowledge of the Constitution and Declaration of Independence is, was, and will remain the surest guarantor of liberty. We’ve known this since at least 1776—yet today’s youth are unaware of just how precious that freedom really is.

Healthcare organizations have been using Oracle's Fusion Cloud Applications to improve efficiency

By Business Daily | Feb 11, 2024

Healthcare organizations across the United States are increasingly adopting Oracle's fusion cloud applications to enhance the functionality and efficiency of their operations. Among these organizations are Baptist Health Care, Springfield Clinic, Stamford Health, and the University of Chicago Medicine, with implementations spanning Florida, Connecticut, and Illinois.

Cameron Heyward named Walter Payton NFL Man of the Year presented by Nationwide

By Business Daily | Feb 9, 2024

In a heartwarming ceremony leading up to Super Bowl LVIII, Pittsburgh Steelers defensive tackle Cameron Heyward was announced as the 2023 Walter Payton NFL Man of the Year presented by Nationwide. This prestigious award, named in memory of the beloved Chicago Bears running back, "Sweetness," recognizes an NFL player who excels not only on the field but also in serving their community.Heyward becomes the fifth Steelers player to receive this honor, joining the ranks of legends such as Franco Harris, Joe Green, Lynn Swann, and Jerome Bettis. He has truly become a pillar of...

Triple-I Offers Reminders on Insurance Claim Filings for Consumers Impacted by California Atmospheric River Damages

By Business Daily | Feb 9, 2024

SAN FRANCISCO, Feb. 9, 2024—The Insurance Information Institute (Triple-I) is reminding homeowners, renters, businesses, and vehicle owners impacted by severe weather related to the West Coast Atmospheric River of what’s covered under standard insurance policies and how the insurance claim filing process works. "The damages and devastation brought to millions of West Coast residents from severe rain and wind this week highlight the importance of being financially protected from catastrophic losses," said Sean Kevelighan, CEO, Triple-I. "As financial first-responders, the...

Like a Good Neighbaaa, Agent State Farm is There

By Business Daily | Feb 9, 2024

State Farm has launched a new campaign featuring the legendary Arnold Schwarzenegger, bringing the action-movie icon to the big screen for a moment that is sure to captivate American culture and sports enthusiasts. The campaign, titled "Agent State Farm," promises an exciting conclusion on 2.11.24.Arnold Schwarzenegger takes on the role of Agent State Farm, a character that combines his iconic action-hero persona with the familiar Jake from State Farm character portrayed by Kevin Miles. The two actors joined forces for a shoot at the world-famous Gold's Gym in the Venice...

Bankrate report finds average American driver spends 3.41% of income on car insurance

Bankrate, a consumer financial services company, recently published a report revealing that the average American driver is allocating 3.41% of their income towards car insurance. The report was compiled by Shannon Martin, a licensed insurance agent with a decade and a half of industry experience.

Path to net-zero: Disclosure push will spur insurers' work to quantify emissions

An evolving reporting environment for greenhouse gas emissions is expected to drive the adoption of a key standard for measuring emissions in insurers' underwriting portfolios. The Partnership for Carbon Accounting Financials (PCAF) launched the first version of an insurance-associated emissions standard in November 2022, but its adoption has been limited thus far. However, with the introduction of the new accounting standard for climate-related disclosures, IFRS S2, insurers and their clients are now under pressure to provide more information on their emissions. This...

PCAF Aiming to Launch Expanded Version of Insurance Standard in H1 2025

The Partnership for Carbon Accounting Financials (PCAF) has announced its plans to release an expanded version of its insurance-associated emissions standard in the first half of 2025. This new version will address areas that were not included in the initial standard, specifically treaty reinsurance and construction all-risk/erection all-risk cover.Marco Tormen, managing consultant at Guidehouse and head of PCAF's activities in Europe and German-speaking countries, highlighted the importance of these two areas in an interview. He stated, "These are two of the most...

Grain Bin Risk Increasing: Safety Program Provides Crucial Rescue Tools

In recent years, there has been a concerning increase in grain entrapment cases across the United States. These incidents have raised alarm bells as they can quickly escalate into life-threatening situations if proper safety measures are not followed. To address this issue and prevent tragic accidents, Nationwide has launched its Grain Bin Safety program, which provides specialized equipment and training to first responders.Two recent incidents serve as stark reminders of the risks associated with grain bins. In Indiana, an individual became engulfed in a grain bin on...

U.S. defense base contractors overseas just got another level of protection

A new Defense Base Act (DBA) insurance program has been launched by K2 OCONUS, a division of K2 Insurance Services, to provide Workers’ Compensation coverage for U.S. government contractors working overseas. This program, underwritten by Nationwide’s excess & surplus/specialty business, aims to offer additional protection to contractors supporting the United States Armed Forces at bases overseas, particularly in high-risk areas.The program, now open to U.S. government contractors working abroad in various industries, such as construction, engineering, logistics, security,...

Cyber Insurance Market Growing Dramatically, Triple-I Finds

Direct written premiums for cyber insurance worldwide are projected to reach $23 billion by 2025, with U.S. businesses accounting for 56% of the total, according to a new report by the Insurance Information Institute (Triple-I). The report, titled "Cyber Insurance: State of the Risk," highlights two primary factors driving this trend.The first factor is the ever-present threat of data breaches and cyberattacks. With the increasing reliance on Internet of Things (IoT) technologies, the expansion of remote work, and the greater use of cloud data storage, U.S. businesses are...

US Insurtech Market Report: Direct channel stalls in personal auto

The growth of personal auto premiums written through the direct channel has slowed down in recent years, according to a report by S&P Global Market Intelligence. While direct personal auto insurance writers are still growing, their rate of growth is lagging behind that of the traditional market. In 2023, direct channel premiums rose by 10.3%, compared to an 18.7% growth for the rest of the market.The direct channel refers to customers who purchase insurance online, via mobile devices, or by phone, without the involvement of an agent. This channel has been dominated by...

The Allstate Corporation Announces Fourth Quarter 2023 Results