Banking & Financial Services News on Business Daily

Eric Stevenson, President of Nationwide Retirement Solutions, addressed the Senate HELP Committee on Feb. 28, emphasizing the challenges faced by American retirement savers. Stevenson advocated for the adoption of Protected Retirement solutions, stating that they will mark a new era for American retirement saving.Stevenson pointed out the urgency of the situation, stating, "In a year when more Americans will turn 65 than at any point in history," many retirees are facing uncertainties in their financial future. He highlighted a Nationwide Retirement Institute survey which...

The Insurance Information Institute (Triple-I) has raised concerns about the impact of excessive litigation on rising auto insurance costs. According to a recent issues brief released by Triple-I, the rise in dangerous roads and driving conditions, coupled with economic costs, is being compounded by overzealous billboard attorneys. Sean Kevelighan, CEO of Triple-I, emphasized the need to address legal system abuse, stating, "The price of insurance is the effect, not the cause of risk, and there must be more work done to curb legal system abuse."Plaintiff attorneys are...

Durango Casino & Resort in Las Vegas, Nevada, Planet Hollywood Cancun in Cancun, Quintana Roo, Hotel and Spa Mansion Solis in Morelia, Michoacan, and Manta in Cabo San Lucas, Baja California Sur have been recognized by AAA as Four Diamond properties. According to AAA, these properties offer upscale amenities, remarkable service, and outstanding dining options.Diamond Inspectors from AAA conduct unannounced, independent, in-person property inspections to ensure quality and consistency in the hospitality industry. AAA's commitment to quality is reflected in the 4 Cs of AAA...

Adroit General Agency and Nationwide have announced a new partnership aimed at providing workers’ compensation insurance and services to mid-sized employers operating in high-risk industries. This collaboration comes as Nationwide seeks to expand its presence in the workers’ compensation market by partnering with managing general agencies (MGAs) that specialize in niche segments.Adroit, established in 2021, focuses on offering workers’ compensation solutions to businesses in sectors such as construction, energy, recycling, alternative energy, agriculture, and...

AAA Travel's Senior Vice President, Paula Twidale, stated, "Orlando is the top choice for Spring Break travelers, while Fort Lauderdale and Miami are the two most popular domestic cruise ports." She emphasized that many travelers are seeking warm weather, pools, beaches, and outdoor adventures during this time of year, making Florida an ideal destination. Additionally, Twidale noted the significant increase in cruise bookings for March and April, with a 28% overall increase and a 60% increase for cruises departing from South Florida.According to AAA Travel data,...

The Allstate Corporation has recently announced an increase in its quarterly dividends, as reported on February 23, 2024. The board of directors approved a quarterly dividend of $0.92 per share on February 22, 2024, marking a $0.03 increase, or 3.4%, compared to the previous quarter."Allstate’s increase in common dividend per share reflects our ongoing commitment to reward our shareholders, and shows Allstate’s continued financial strength," stated Jess Merten, Allstate’s Chief Financial Officer.The company declared a quarterly dividend of $0.92 on each outstanding...

AAA Trip Canvas, AAA Travel’s digital travel planning tool, has introduced a new campgrounds category in partnership with RoverPass, a leading platform in booking campgrounds and RV parks. The collaboration aims to enhance the camping and RV travel experience for users by providing detailed information about camping destinations and amenities.“AAA Trip Canvas was designed with our members in mind, and we’re thrilled to now offer camping destinations,” said Paula Twidale, Senior Vice President of AAA Travel.The integration with RoverPass allows Trip Canvas users to...

ORLANDO, Fla., (Feb. 22, 2024) – AAA has announced the appointment of Gene Boehm as the President and CEO Designate for AAA, Inc., effective April 1. In his new role, Boehm will be leading the national team that supports the federation of AAA clubs and its over 57 million members in the United States."I am honored that the AAA Board and selection committee have entrusted me with the incredible responsibility of leading the gold standard of brands," said Boehm. "Marshall leaves an impressive legacy for his dedication to AAA’s mission serving members, and I am committed to...

Pittsburgh Steelers defensive lineman Cam Heyward has recently been named the 2023 Walter Payton NFL Man of the Year presented by Nationwide. In an interview, Heyward shared insights into his charitable work, particularly with The Heyward House. Heyward expressed his gratitude for the recognition, stating, "We caught up with the 13-year NFL veteran to discuss his work with The Heyward House."During the award ceremony, Heyward had a memorable encounter with another esteemed figure from the Pittsburgh Steelers franchise. The article mentions that Heyward was able to share a...

Robert Bork Jr., president of the Antitrust Education Project, stated that the National Collegiate Athletics Association’s (NCAA) attempts to impose restrictions and penalties on the ability of student athletes to compete and earn are "unfair." The NCAA is currently grappling with legal challenges in the form of two multi-state lawsuits over their policies related to student athlete’s name, image, and likeness (NIL).

Gas prices in the United States have experienced a sudden surge, with the national average for pump prices increasing by 12 cents in just one week. This rise comes after months of relatively stable prices, prompting concerns among consumers. One of the primary factors contributing to this sudden increase is the shutdown of the BP-Whiting refinery in Indiana. The refinery, which processes 435,000 barrels of crude oil per day, has been offline for over two weeks due to a power outage. As a result, prices in the Midwest region have skyrocketed, subsequently pushing the...

Recent research conducted by AAA examined the performance of reverse automatic emergency braking (AEB) systems in four popular 2023 model-year vehicles equipped with rear cross-traffic mitigation. The study aimed to assess the effectiveness of these systems in preventing collisions while backing out of a parking space and encountering a stationary child pedestrian.In the backing-up scenarios, the reverse AEB systems automatically applied brakes in 65% of test runs and prevented a collision in 2.5% of test runs when a subject vehicle crossed behind the test vehicle. When a...

The Allstate Corporation has revealed that it experienced estimated catastrophe losses of $276 million in the month of January 2024. After-tax, these losses amounted to $218 million. The majority of these losses were driven by two events, which accounted for approximately 80% of the total losses. However, these losses were partially offset by favorable reserve reestimates for previous events.In light of these losses, Allstate continues to pursue rate increases in order to improve profitability in its auto insurance sector and keep up with loss cost trends. Jess Merten,...

Las Vegas, Feb 15, 2024 - Amidst the excitement of the recent Super Bowl between the Kansas City Chiefs and the San Francisco 49ers, a group of 32 NFL players took time out of their busy schedules to make a lasting impact on the lives of some fortunate children. The players, all nominees for the prestigious Walter Payton NFL Man of the Year award, visited the Donald W Reynolds Boys and Girls Club in Las Vegas, providing an unforgettable afternoon for the young attendees.The Walter Payton NFL Man of the Year award recognizes players who have made significant contributions...

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 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...

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 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...

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...

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...