Banking & Financial Services News on Business Daily

Latest News


Banking & Financial Services
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...

Banking & Financial Services
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...

Banking & Financial Services
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...

Banking & Financial Services
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...

Banking & Financial Services
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...

Banking & Financial Services
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...

Banking & Financial Services
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...

Banking & Financial Services
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,...

Banking & Financial Services
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...

Banking & Financial Services
The Allstate Corporation has announced the availability of its fourth-quarter 2023 financial results. The company filed a Form 8-K, which includes the earnings release and investor supplement, with the Securities and Exchange Commission (SEC). Interested parties can access these materials on the company's page at sec.gov or at www.allstateinvestors.com.In a press release, The Allstate Corporation stated that it will be hosting a conference call and webcast on Thursday, February 8, at 9 a.m. Eastern Time to discuss the fourth-quarter results. Investors and analysts are...

Banking & Financial Services
The Cook County Sheriff's Office has announced that three men are facing felony charges in connection with a fraudulent documents scheme. The men allegedly provided fake identification and social security cards to foreign nationals in Chicago, according to a press release from the Sheriff's Office.

Banking & Financial Services
Kaiko, a provider of cryptocurrency market data, recently announced that Binance's market share has rebounded to nearly 50%, just two months after the crypto exchange settled with the U.S. government. Binance is globally recognized as the largest cryptocurrency exchange in terms of trading volume.

Banking & Financial Services
Spot intelligence data provider, Media Monitors, has reported that Morgan & Morgan, a prominent personal injury law firm, ranked among the top ten radio advertisers nationally in the week ending January 28. The company recorded 26,753 instances of Morgan & Morgan radio advertisements during that week.

Banking & Financial Services
Casey Kempton has been chosen as the new leader of Nationwide's personal lines property business, according to an announcement made by Mark Berven, Nationwide P&C President and Chief Operating Officer. Kempton's appointment comes as she brings a strong track record of success in both personal lines and commercial lines.Berven highlighted Kempton's exceptional qualifications, stating, "Casey stood out in particular thanks to her strong track record of performance excellence, deep experience in using data insights and technology to fuel growth and innovation, and her...

Banking & Financial Services
Black Americans have played a significant role in shaping the music industry, leaving an indelible mark on various genres such as country, jazz, and hip-hop. Their contributions continue to resonate with music lovers around the world. As we commemorate Black History Month, Grammy-award winning artist and Nationwide spokesperson H.E.R. is taking the initiative to educate and inspire through the power of music. H.E.R. will be sharing captivating Black music facts on Nationwide's social media channels, providing a platform for individuals to discover interesting insights and...

Banking & Financial Services
The Insurance Information Institute (Triple-I) has released its 2023 Annual Report, showcasing the organization's achievements in a year marked by a record number of weather and climate disasters in the United States. These disasters resulted in at least $1 billion in damages.In his Annual Report letter, Triple-I CEO Sean Kevelighan emphasized the significance of climate risks and the insurance industry's response to them. He stated, "Triple-I is making clear how U.S. insurers and reinsurers have long been seeing the impacts of increased climate risk and are promoting a...

Banking & Financial Services
The property/casualty industry continues to face challenges in underwriting losses, according to the latest report from the Insurance Information Institute (Triple-I) and Milliman. The 2023 net combined ratio for the industry is forecast to be 103.9, with commercial lines performing better than personal lines. Commercial lines have a net combined ratio of 97.7, while personal lines have a ratio of 109.9.The main driver of the adverse results is the record levels of severe convective storm losses. Despite this, the industry is experiencing growth, with a forecasted net...

Banking & Financial Services
A new study conducted by the AAA Foundation for Traffic Safety sheds light on the alarming dangers faced by roadside assistance providers who risk their lives daily to help others. The study reveals that the number of fatal crashes involving these workers may be significantly higher than previously reported.According to the study, 123 roadside assistance providers were killed by passing vehicles between 2015 and 2021, a figure that dwarfs the approximate 34 noted in national crash data. This discrepancy is attributed to the failure of state police crash report forms to...

Banking & Financial Services
CME Group has unveiled an advanced cross-margining arrangement with the Depository Trust & Clearing Corporation (DTCC), a move that is set to unlock capital efficiencies for clearing members involved in U.S. Treasury securities and CME Group Interest Rate futures trading. The new development is now live, extending these efficiencies to market participants.

Banking & Financial Services
A group of National Women's Soccer League (NWSL) players recently took part in a unique professional development program offered by Nationwide, the insurance and financial services company. Dorian Bailey, Shea Groom, Savannah Madden, Addisyn Merrick, and Cassie Miller spent two weeks at Nationwide's corporate headquarters in Columbus, Ohio, as part of the program called "Experience Nationwide."During their time at Nationwide, the players had the opportunity to learn about various aspects of the company's business. They interacted with leaders and associates from...