Company Directory - Nationwide
Company Details - Nationwide
Nationwide
Nationwide is a financial services and insurance company providing a range of products including auto, home, and life insurance.
CCI Score
CCI Score: Nationwide
-14.09
0.01%
Latest Event
Nationwide Federal Lobbying Profile Highlighted
OpenSecrets has released a lobbying profile detailing Nationwide's federal lobbying activity, underscoring the company's engagement in political influence practices through the use of multiple lobbying firms. The data, compiled as of February 19, 2025, provides insight into the company’s efforts to influence policymaking, which can perpetuate corporate power in political arenas.
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ENABLER
Nationwide is currently rated as an Enabler.
Latest Events
- FEB192025
OpenSecrets has released a lobbying profile detailing Nationwide's federal lobbying activity, underscoring the company's engagement in political influence practices through the use of multiple lobbying firms. The data, compiled as of February 19, 2025, provides insight into the company’s efforts to influence policymaking, which can perpetuate corporate power in political arenas.
-20
Political Contributions and Lobbying Efforts
April 8
The lobbying profile reveals that Nationwide actively engages in federal lobbying. Such political activity, even in routine corporate practice, serves as a mechanism for influencing policy in favor of corporate interests, which can contribute to the maintenance of elite power structures that undermine broad democratic accountability. From an anti‐fascist perspective, this alignment with established power channels is viewed negatively.
- JUL262024
Nationwide, a major financial services and insurance company, announced plans to reduce its workforce by approximately 1,200 jobs (about 5% of its 24,000 employees) over the next year. The cuts will affect its property and casualty operations and technology teams as part of a broader business strategy citing evolving business needs. The company plans to rely primarily on attrition and non-filling of open roles, while providing impacted staff with 60-day notice, severance packages, and outplacement services.
-50
Labor Relations and Human Rights Practices
April 8
The planned workforce reduction of about 1,200 jobs adversely impacts workers and undermines job security, an outcome that is particularly concerning from a labor rights perspective. Although the company has outlined support measures like severance packages and transition assistance, the scale of the cuts signals a negative impact on employee welfare and fair labor practices.
Nationwide planning about 1,200 staff cuts over the next year
- JUL162024
Nationwide has published its comprehensive 2024 Modern Slavery Statement outlining extensive measures to mitigate modern slavery risks across its business operations, workforce, and supply chain, including robust labor rights policies, due diligence on suppliers, employee training, and safe space initiatives.
+80
Labor Relations and Human Rights Practices
April 8
Nationwide’s statement details strong labor practices, including comprehensive employee training, safe spaces for vulnerable staff, and effective whistleblowing procedures. These initiatives demonstrate proactive steps to protect workers’ rights and prevent exploitation, contributing to an anti-authoritarian corporate stance.
+75
Supply Chain Ethics
April 8
The statement emphasizes significant supply chain due diligence measures, including third-party audits and ethical sourcing practices, to mitigate risks of modern slavery. These steps reflect a robust commitment to ethical business practices and fair treatment across the supply chain.
- OCT012023
Nationwide reached a settlement with state Attorneys General over an October 2012 data breach that exposed personal data of 1.27 million consumers. Under the settlement, the company is mandated to update its data security practices, including hiring a dedicated technology officer and improving patch management and data retention policies.
-70
Business Practices and Ethical Responsibility
April 8
Nationwide's retention of personal data from non-customers and failure to secure sensitive information by not applying a critical security patch reflect irresponsible business practices and a lack of ethical accountability. The subsequent settlement underlines the severity of these practices.
-70
Technology and Services Impact
April 8
The data breach was primarily caused by the failure to apply a critical security patch, highlighting significant shortcomings in Nationwide’s technology and systems management. This breach not only compromised consumer data but also revealed systemic failures in maintaining cybersecurity protocols.
- SEP012023
Nationwide released its annual modern slavery and human trafficking statement under the UK Modern Slavery Act 2015, outlining the measures it is taking for the financial year 2023/24 to address modern slavery within its operations and supply chain.
+50
Labor Relations and Human Rights Practices
April 8
By publishing its modern slavery and human trafficking statement, Nationwide demonstrates a commitment to protecting worker rights and upholding human dignity. This action aligns with best practices in labor relations and human rights practices, reflecting a positive, anti-authoritarian stance in addressing issues of exploitation.
+50
Supply Chain Ethics
April 8
The published statement also outlines initiatives to monitor and improve supply chain ethics, ensuring that practices linked to modern slavery and human trafficking are actively addressed. This proactive disclosure supports ethical sourcing and operational transparency, which is crucial in curbing exploitative practices.
- JUN012023
Attorney General Josh Shapiro, along with a bipartisan coalition of 32 state attorneys general, announced a settlement with Nationwide Insurance related to a 2012 data breach that compromised the personal information of more than 1.2 million consumers.
-50
Business Practices and Ethical Responsibility
April 8
The settlement resulting from a significant data breach indicates a failure in upholding ethical business practices by failing to protect consumer data. This negligence in safeguarding personal information reflects poor adherence to ethical responsibilities and exposes consumers to potential harms, which is concerning from a corporate accountability standpoint.
- MAY162023
An anonymous email sent to Nationwide employees detailed excessive workloads, unrealistic deadlines, and insufficient staffing levels, prompting six specific demands from claims adjusters to address work fatigue, burnout, and employee retention. The recall of the email and tepid response from management underscore concerns about the company's labor practices.
-40
Labor Relations and Human Rights Practices
April 8
The incident highlights significant labor issues within Nationwide as claims adjusters face unsustainable workloads and unrealistic performance targets, leading to stress, burnout, and potential long-term impacts on employee retention. The failure to proactively address these concerns, including recalling the email and not sufficiently engaging with the demands, reflects a neglect of workers' rights and ethical responsibility, which is contrary to progressive, anti-authoritarian labor practices.
Nationwide adjusters make 6 demands to rectify overwork concerns
- JAN012023
Nationwide, a major financial services and insurance company, spent $2,000,000 on lobbying in 2023, as tracked by OpenSecrets. This significant expenditure reflects its active efforts to influence policy, which raises concerns from an anti-authoritarian perspective regarding corporate overreach in political processes.
-40
Political Contributions and Lobbying Efforts
April 8
Nationwide's substantial lobbying expenditure of $2,000,000 in 2023 suggests a strategic effort to shape policy in favor of corporate interests. From an anti-fascist perspective, such large-scale corporate political activity can undermine democratic accountability and contribute to undue corporate influence over government, raising concerns of alignment with authoritarian practices.
- JAN012023
Nationwide's Political Action Committee has contributed $41,000 to other committees for the period 2023 to December 31, 2024, reflecting corporate political engagement that may influence policy outcomes.
-20
Political Contributions and Lobbying Efforts
April 8
Nationwide’s PAC, as detailed on the FEC website, has facilitated a contribution of $41,000 to other committees. From an anti-fascist perspective, the use of corporate political funds can potentially be leveraged to support policies and candidates that do not prioritize progressive or inclusive values. While the transactions are transparently reported, the very mechanism of corporate political influence remains concerning.
NATIONWIDE MUTUAL INSURANCE COMPANY POLITICAL ACTION COMMITTEE - FEC.gov
- OCT012012
Nationwide reached a $5.5 million settlement following a data breach in October 2012 that exposed sensitive personal information of 1.27 million consumers. As part of the settlement, Nationwide is required to update its cybersecurity practices, including hiring a technology officer, conducting regular audits of patch management, and disclosing its data retention practices.
-40
Business Practices and Ethical Responsibility
April 8
Nationwide's failure to apply a critical security patch and its practice of retaining personal data even from non-customers represent significant lapses in business practices and ethical responsibility. This negligence put consumers at risk and disproportionately harms marginalized communities by undermining consumer protection and privacy.
AG Brnovich Announces $5.5 Million Settlement with Nationwide Insurance after Data Breach
-35
Technology and Services Impact
April 8
The data breach highlights significant failings in Nationwide's technological safeguards. The incident underscores the risks posed by lax cybersecurity measures, which not only compromise consumer privacy but also open avenues for potential authoritarian misuse of data.
AG Brnovich Announces $5.5 Million Settlement with Nationwide Insurance after Data Breach
- SEP022009
Two former sales managers at Nationwide have filed federal lawsuits alleging age discrimination, retaliation, and, in one case, racial discrimination. The lawsuits claim that after cooperating with an internal ethics investigation, the employees were subjected to arbitrarily extended performance improvement plans and other punitive measures.
-50
Labor Relations and Human Rights Practices
April 8
The lawsuits allege discriminatory practices that target older employees and, in one instance, racial minorities. This behavior undermines workers' rights and ethical labor practices, reflecting an environment that is not supportive of marginalized groups. The actions represent a significant failure in upholding fair treatment and respect for human rights, contributing to a negative overall impact on the company's labor relations and ethical responsibility.
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Industries
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- Direct Life Insurance Carriers
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- Direct Property and Casualty Insurance Carriers
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- All Other Insurance Related Activities