Insurance news from Nationwide reveals a massive computer breach

insurance news security breach

The insurer has announced a network attack that has compromised data from 1.1 million people. Nationwide Mutual Insurance Co. has just revealed that back in October, someone hacked into a part of their computer network, making insurance news when the data of over 1.1 million people was breached. The attack occurred on October 3 and involved the same network that is used by Allied. It has now discovered that this insurance news involves a breach that has compromised personal data from customers which can include names, birth dates, driver’s license…

Read More

Independent insurance agencies seeing major growth in US

Independent Insurance agencies

Study shows promising trends for independent insurance agencies The number of independent insurance agencies, as well as the revenue they produce, is on the rise, according to a new study from Future One, a collaborative group comprised of the Independent Insurance Agents & Brokers of America and a group of independent agency companies. The study, called “2012 Agency Universe Study,” shows that independent agencies are becoming more popular throughout the U.S. The study provides some insight on why agencies may be growing more popular and what that could mean for…

Read More

Insurance news from United States shows end to fracking coverage

Insurance news

Nationwide Mutual announces that it will not be covering this gas drilling process. The latest insurance news has identified an action that could become a trend among insurers, as Nationwide Mutual announced that it will not provide coverage for fracking. This process involves drilling for gas by blasting deep into the ground with chemical rich water. A spokesperson for Nationwide Mutual, Nancy Smeltzer, made insurance news when the details were released. She stated that the policies offered by the company – based in Columbus, Ohio – for both commercial and…

Read More

HHS releases a wealth of insurance information to consumers

Online health Insurance exchange

HHS provides access to vital insurance information For several years, it has been difficult for individuals and families to obtain information from the federal government concerning the cost of health insurance. For some companies, information pertaining to how they price insurance policies is a tightly held secret. With health care reform on the mind of many consumers, however, the demand for this information has become too big to ignore. The U.S. Department of Health and Human Services (HHS) has announced that it will be releasing a large amount of federal…

Read More

Crop insurance news shows debate rages on over subsidy

Crop Insurance

Farmers want to continue to cover themselves against falling prices and losses with the help of the government. Corn and soybean farmers, especially, have been enjoying this type of arrangement for their crops for many years, and the latest insurance news is showing that this might improve. Congress currently has a farm bill before it, which includes a provision that will likely come with an annual cost of approximately $3 billion, that would help farmers to cover the losses they incur ahead of the coverage of their own policy coverage.…

Read More