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Nationwide Insurance, with a strong focus on U.S. homeowners insurance, saw a second-quarter net loss of $292 million, driven almost exclusively by 2011 first-half weather-related losses of $1.5 billion. The company says the weather losses are among the highest the company has ever experienced in the first half of a year.Recommended Stories
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The Future of P&C Insurance: The Race to Contain Costs Amid Rising Catastrophic Losses
The P&C insurance sector is currently facing challenges. This eBook outlines the most pressing problems, the most promising solutions, and a few examples of these principles in action.
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Revolutionizing Claims Processing: How a Leading Insurer Transformed Water Mitigation Reviews
Discover how one insurer drastically improved the efficiency of their water mitigation claim reviews, reducing costs and time while enhancing decision-making. Learn how this approach can transform your claims process, making it faster, more accurate, and less resource-intensive.
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