Nationwide has announced the launch of its Dynamic Default feature, aimed at speeding up the adoption of in-plan protected retirement solutions by allowing plan sponsors to automatically default participants into a protected retirement solution. Eric Stevenson, President of Nationwide Retirement Solutions, stated, "We’re really starting to see a lot more employers become more comfortable offering protected retirement solutions, and we believe offering them through dynamic default will be the next generation of retirement plan auto features."The implementation of the...

A Catastrophe Response Unit (CRU) is being deployed to Rock Hill, SC, to setup a temporary drive-in for vehicle damage assessment and will offer appointments every 30 minutes. This initiative aims to streamline the assessment process for customers affected by recent events in the area.Customers who have already filed a claim and wish to schedule a drive-in appointment can contact their claim representative to discuss inspection options. This personalized approach ensures that individuals can easily access the support they need during this challenging time."Our Claims...

Nationwide Chief Innovation and Digital Officer Chetan Kandhari recently addressed the key questions surrounding innovation in the insurance industry. In a podcast episode titled "The Future of Insurance," Kandhari pondered, "How does a Fortune 100 company innovate in a highly regulated industry? And where, and where doesn’t it, make sense to implement generative artificial intelligence?"Kandhari's insights shed light on Nationwide's strategic approach to innovation in an industry known for its stringent regulations and traditional practices. The discussion delved into...

Nationwide, a Fortune 100 insurance and financial services mutual, recently celebrated the achievements of its innovative employees who have been actively inventing and patenting novel solutions. The company recognized 39 Nationwide inventors at the inaugural Nationwide Patent Award Ceremony, acknowledging their combined 55 patents and 21 patents pending from the U.S. Patent and Trademark Office.“Invention is the most important product of man’s creative brain,” wrote Nikola Tesla, emphasizing the significance of innovation in shaping the world. Tesla further highlighted,...

In a recent podcast, Nationwide Chief Economist Kathy Bostjancic and Nationwide Business Solutions Group Vice President Jessica Dowdy discussed how business life insurance can assist business owners in navigating the challenges of the current economic and labor markets. Dowdy highlighted the importance of solutions like corporate-owned life insurance (COLI) and bank-owned life insurance (BOLI) in addressing these issues.Dowdy emphasized the impact of the COVID-19 pandemic on business owners, stating, “Business owners are still reeling from the impacts of COVID, facing...

Nationwide's Chief Veterinary Officer, Dr. Jules Benson, recently analyzed data from more than 22 million pet insurance claims to unveil some surprising trends regarding certain dog breeds. Dr. Benson noted that some breeds, known as "Peter Pan pups," retain puppy-like behaviors well into their mature and senior years, which can lead to specific health risks.Dr. Benson stated, "Some dog breeds continue to submit claims for what we might think of as ‘silly puppy’ conditions – including trauma, foreign body ingestion, and toxicity – well into their mature and even senior...

Nationwide has announced the winners of the 2024 Wacky Pet Names campaign. According to Nationwide, "Congratulations to Molly from Corporate, Tony “Scarface” Baloney and Thor Odinbun, God of Bunder for their first-place finishes in the dog, cat and exotic pet name categories, respectively."The annual competition by the nation’s pet health insurance leader recognizes the most unique and clever names among its roster of over 1.2 million protected pets. The top 10 wackiest dog, cat, and exotic pet names were put to a public vote that ran from April 9-12.In celebration of...

Thomas, a member of his local fire department, recently shared his experience with a Ting electrical fire monitoring device that detected an electrical problem in his home. According to Thomas, "The detection of an arching problem, when electricity 'jumps' across a tiny gap in a connection, was discovered by this device and allowed for immediate action to take place."Ting, a device that monitors the electrical network of a home, has been successful in preventing potential fires. It has detected over 500 fire hazards and alerted homeowners before a fire ignites, as...

NFL Hall of Famer Peyton Manning is stepping into a new role to help upcoming NFL Draft prospects prepare for the big night. In Nationwide's latest ad campaign titled "Draft Night Drills," Manning is using his experience as the 1998 NFL Draft #1 pick to guide draftees through various scenarios they may encounter.The campaign, which includes a 30-second commercial, showcases Manning coaching fictional prospects on essential aspects of Draft night, such as selecting the perfect outfit and mastering the art of embracing the commissioner. Reflecting on this initiative,...

Nationwide, a company deeply rooted in agricultural history, has announced a significant achievement in its longstanding partnership with the Ohio Farm Bureau. The company has taken on the responsibility for Ohio Farm Bureau's defined benefit plan retirees through a pension risk transfer (PRT) transaction.According to Adam Sharp, the executive vice president of Ohio Farm Bureau, Nationwide's shared values with the organization and its track record of strength and stability made them the ideal choice for this partnership. Sharp stated, "Nationwide is a company with a deep...

Wesley vividly recalls the intense moment when a fire threatened his family's Montana farm in July 2022. Describing the swift action taken by his father-in-law, Wesley narrates, "Suddenly, my father-in-law saw flames in the field behind him. Without hesitation, he dumped the hay from the baler and turned the tractor around to fight the blaze."Amidst the chaos, the Enforcer 10 played a crucial role in extinguishing the fire. Wesley explains, "He rushed to the front of the tractor, activated the Enforcer 10, and within seconds, the fire on the baler was out." This...

Nationwide's annual Wacky Pet Names campaign is in full swing, inviting pet owners to vote for the most creative and clever pet names among the recently enrolled pets. The voting period for the wackiest dog, cat, and exotic pet names is open from April 9 to April 12, 2024, at petinsurance.com/wackypetnames.Among the nominees for this year's wacky pet names are a diverse range of animals, including dogs, cats, a Macaw, guinea pig, snake, tortoise, mini pig, tegu lizard, ferrets, and rabbits. The winners in each category will be revealed on Wednesday, April 17, 2024.Some...

Apr 5 2024Nationwide has released its 2023 Corporate Sustainability Report, emphasizing its dedication to sustainability across various aspects of its operations. The report showcases the company's progress in key areas such as Communities and Giving, Diversity, Equity and Inclusion, Environmental Sustainability, and Ethics and Governance.Mark Howard, Nationwide's Chief Legal Officer, expressed the company's commitment to its mission, stating, "Nationwide has evolved significantly over the decades, broadening solutions and services while remaining committed to its...

Nationwide has been recognized on Fortune’s 100 Best Companies to Work For list for the tenth year in a row, securing the 21st spot in 2024. The annual list serves as a national benchmark for companies that excel in performance and provide exceptional employee experiences.Nationwide's CEO, Kirt Walker, attributes the company's continued success on the list to its inclusive culture, commitment to employee upskilling, and flexible work environment. Walker emphasized, "Our caring culture allows us to deliver on our mission, while also extending that care to the communities...

Nationwide has launched new educational materials to enhance financial understanding for families during Financial Literacy Month in April. According to Amelia Dunlap, vice president of Marketing for Nationwide Retirement Solutions, one of the key challenges many Americans face is getting started with saving for retirement.Dunlap emphasized the importance of early financial education, stating, "Understanding the basics of money management, budgeting, investing, and retirement planning is a critical life skill." Nationwide's initiative includes a financial knowledge quiz,...

New data from Nationwide has highlighted concerning trends regarding distracted driving among both standard and commercial drivers. According to a recent driving behaviors survey, one-third of commercial drivers admit to feeling distracted behind the wheel, with 6 in 10 acknowledging that their peers are using their phones more frequently and driving faster than before.The primary causes of distraction for commercial drivers include using GPS/Nav systems, responding to work text messages, talking on mobile phones, and checking social media apps. Many of these actions are...

Millions of Americans are eagerly anticipating the upcoming solar eclipse on April 8, a celestial event that is expected to captivate viewers across the country. With businesses located along the path of totality gearing up for potential opportunities and challenges, experts are advising proactive measures to ensure a smooth operation during this unique event.Mark McGhiey, Nationwide’s leader of Commercial Lines Loss Control Services, emphasized the importance of preparation for business owners. McGhiey stated, "There are several steps a business owner should be taking to...

A recent study conducted by the Nationwide Retirement Institute® (NRI) has shed light on the retirement concerns faced by women in the workplace. According to the research, one in four women feel they’re “on the wrong track” for retirement, compared to 15% of men. The study also found that 41% of women hold a negative or neutral outlook on their retirement planning, in contrast to just 29% of men.Cathy Marasco, leader of Protected Retirement for Nationwide Retirement Solutions, highlighted the challenges faced by women in retirement planning, stating, “Women are actively...

The use of All-Terrain Vehicles (ATVs) and Utility Task Vehicles (UTVs) has been on the rise in U.S. farms, proving essential for various tasks such as inspecting crops and livestock and transporting supplies. This surge in popularity is mirrored by the powersports industry's growth, with expectations to almost double in market value to $69 billion over the next decade.However, along with the increased utilization of these vehicles comes a heightened level of risk. According to the U.S. Consumer Product Safety Commission, over 700 deaths and 100,000 injuries treated in...

Puget Sound Kidney Centers has selected Nationwide Retirement Solutions to provide recordkeeping and education services for its 403(b) deferred retirement contribution plans, which boast over $25 million in assets under management and around 440 plan participants.“Our highest priority when choosing a new retirement services provider was ensuring that our employees have an excellent experience,” said Tom DeBord, President & CEO for Puget Sound Kidney Centers.In addition to recordkeeping and administrative services, Nationwide will offer participants holistic financial...