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Banking & Financial Services

Cam Heyward Reflects on Winning Walter Payton Man of the Year

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...

Banking & Financial Services

Challenges to NCAA Policies: Antitrust Concerns and Student Athlete Rights

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).

Banking & Financial Services

Gas Prices Surge as Refinery Shutdown Causes National Average to Rise

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...

Banking & Financial Services

Reverse Automatic Emergency Braking Systems Show Mixed Results in AAA Research

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...

Banking & Financial Services

Allstate Announces $276 Million Catastrophe Losses and Implemented Rates

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,...

Banking & Financial Services

Walter Payton NFL Man of the Year nominees gather in Las Vegas to make a difference

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...

Banking & Financial Services

A broken pipe can break the bank, who is responsible for service line damage?

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...

Banking & Financial Services

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...

Banking & Financial Services

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...

Banking & Financial Services

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...

Banking & Financial Services

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

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

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

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

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

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

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...

Banking & Financial Services

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,...

Banking & Financial Services

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...

Banking & Financial Services

The Allstate Corporation Announces Fourth Quarter 2023 Results

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

Chicago migrants being sold fraudulent IDs, social security cards, and green cards for employment

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

Binance's market share rebounds 'two months post-settlement' with U.S. government

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

Personal injury law firm Morgan & Morgan ranks in top ten radio advertisers, nationally

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.