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Columbus-based Nationwide buying Allstate's stop-loss insurance segment for $1.25 billion
Columbus-based Nationwide seeks to expand its offerings in stop-loss insurance, a financial safeguard for companies from large medical expenses
Nationwide to Acquire Allstate's Stop-Loss Insurance Business in $1.25 Billion Deal
(Reuters) - U.S. insurer Nationwide said on Thursday that it would acquire property and casualty insurer Allstate Corp's employer stop-loss segment in a $1.25 billion deal, as it seeks to expand its stop-loss insurance offering. The transaction is expected to close in the second half of 2025, Nationwide said in a statement.
Nationwide to buy Allstate's stop loss segment for $1.25 billion
COLUMBUS, Ohio - Nationwide, a major player in the U.S. insurance and financial services sector, has announced the acquisition of The Allstate Corporation (NYSE:ALL)'s employer stop loss insurance segment for $1.
5h
on MSN
Online tracker shows insurance payments to wildfire survivors
More than 30,000 insurance claims have been filed after the devastating Los Angeles-area wildfires, according to the new ...
6h
on MSN
Georgia Gov. Kemp wants to limit lawsuits. But would that keep insurance rates from rising?
Georgia. Gov. Brian Kemp is reiterating his pitch for lawsuit limits, saying they will halt rising insurance costs. The ...
10h
Marsh McLennan beats profit estimates on risk and insurance business strength
Insurance brokerage and consulting firm Marsh McLennan's fourth-quarter profit beat Wall Street estimates on Thursday, ...
7h
Horizon insurance drops N.J.’s largest hospital system as in-network provider
Horizon Blue Cross Blue Shield of New Jersey announced Thursday that hospitals part of Hackensack Meridian Health, the ...
16h
Map Shows Rising Home Insurance Costs by State as Climate Risks Reshape the Market
This all contributes to rising home insurance premiums. From 2020 to 2023, those costs have increased by 33%, rising from ...
15h
on MSN
State senator retains key role over fire insurance laws despite cannabis corruption probe
Although her name has surfaced in connection with a federal investigation into corruption by local officials in Baldwin Park, ...
The Cool Down on MSN
2h
Lawmakers reintroduce bill to address gaps in home insurance coverage that leave families unprotected: 'The devastating fires ... underscore the need'
Many have either been unable to afford insurance policies or have been unable to find appropriate cover. Lawmakers ...
6h
6 ways for seniors and retirees to save on homeowners insurance
The average cost of a homeowners policy has risen more than 30% since 2020. Yet you can still find ways to save on insurance, ...
6d
on MSN
Car Insurance Premiums Have Soared: What Is Behind the Spike?
More expensive repairs and an increase in risky driving behavior are some of the factors driving up car insurance rates.
22h
on MSN
Property insurance rates in Minnesota climbing fast with no end in sight
It’s a disaster, quite frankly,” a longtime agency owner said of the industry, which has suffered heavy losses in recent ...
Business Observer
3d
St. Pete based homeowners insurance provider enters Florida market
The firm joins several others opening in the state as officials look for Citizens Property Insurance to have less policies, ...
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