Nationwide Mutual Insurance Company
Encyclopedia
Nationwide Mutual Insurance Company & Affiliated Companies is a group of large U.S.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 and financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

 companies based in Columbus
Columbus, Ohio
Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...

. The company also operates regional headquarters in Des Moines, Iowa
Des Moines, Iowa
Des Moines is the capital and the most populous city in the US state of Iowa. It is also the county seat of Polk County. A small portion of the city extends into Warren County. It was incorporated on September 22, 1851, as Fort Des Moines which was shortened to "Des Moines" in 1857...

, San Antonio, Texas
San Antonio, Texas
San Antonio is the seventh-largest city in the United States of America and the second-largest city within the state of Texas, with a population of 1.33 million. Located in the American Southwest and the south–central part of Texas, the city serves as the seat of Bexar County. In 2011,...

, Gainesville, Florida
Gainesville, Florida
Gainesville is the largest city in, and the county seat of, Alachua County, Florida, United States as well as the principal city of the Gainesville, Florida Metropolitan Statistical Area . The preliminary 2010 Census population count for Gainesville is 124,354. Gainesville is home to the sixth...

, and Lynchburg, Virginia
Lynchburg, Virginia
Lynchburg is an independent city in the Commonwealth of Virginia. The population was 75,568 as of 2010. Located in the foothills of the Blue Ridge Mountains along the banks of the James River, Lynchburg is known as the "City of Seven Hills" or "The Hill City." Lynchburg was the only major city in...

.

Nationwide Financial Services, a component of the group, was publicly traded on the New York Stock Exchange prior to being purchased by Nationwide Mutual in 2009.

Beginnings as Farm Bureau Mutual

On December 17, 1925, the Ohio Farm Bureau Federation incorporated the Farm Bureau Mutual Automobile Insurance Company in Columbus, Ohio. At that time, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...

 law required 100 people to pledge to become policyholders
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

. The first agents
Agency (law)
The law of agency is an area of commercial law dealing with a contractual or quasi-contractual, or non-contractual set of relationships when a person, called the agent, is authorized to act on behalf of another to create a legal relationship with a third party...

 managed to recruit ten times that number, and on April 12, 1926, Farm Bureau Mutual started business with 1,000 policyholders.

The first product of the new company, as its name implied, was automobile insurance. The company wrote policies only to Ohio farmer
Farmer
A farmer is a person engaged in agriculture, who raises living organisms for food or raw materials, generally including livestock husbandry and growing crops, such as produce and grain...

s. In 1928, Farm Bureau Mutual began offering policies to West Virginia
West Virginia
West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...

 farmers, followed by Maryland
Maryland
Maryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east...

, Delaware
Delaware
Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...

, Vermont
Vermont
Vermont is a state in the New England region of the northeastern United States of America. The state ranks 43rd in land area, , and 45th in total area. Its population according to the 2010 census, 630,337, is the second smallest in the country, larger only than Wyoming. It is the only New England...

, and North Carolina
North Carolina
North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...

. Farm Bureau Mutual began underwriting
Underwriting
Underwriting refers to the process that a large financial service provider uses to assess the eligibility of a customer to receive their products . The name derives from the Lloyd's of London insurance market...

 residents of small towns in 1931, and residents in larger cities in 1934.

Expansion

Also in 1934, Farm Bureau Mutual began offering fire insurance. This product grew the following year with the purchase of a struggling fire insurance company. With growth came a need for expansion of office space. In 1936, the company moved to the famous 246 Building at 246 N. High Street in Columbus. By 1943, Farm Bureau Mutual operated in 12 states and the District of Columbia. Even with the tripling of space in the 246 Building (which was finally dedicated on the 25th anniversary of the company), Farm Bureau Mutual still had insufficient office space, and began opening regional offices in 1951.

In 1955, Farm Bureau Mutual changed its name to Nationwide Insurance, a name by which it's commonly known today. In the 10 years that followed, Nationwide expanded into Oregon
Oregon
Oregon is a state in the Pacific Northwest region of the United States. It is located on the Pacific coast, with Washington to the north, California to the south, Nevada on the southeast and Idaho to the east. The Columbia and Snake rivers delineate much of Oregon's northern and eastern...

, making the company truly "nationwide". It also expanded into 19 other states, bringing the total by 1965 to 32 states and the District of Columbia.

Nationwide outgrew the 246 Building by the 1970s and work began on a new skyscraper
Skyscraper
A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...

 headquarters for the company. In 1978, One Nationwide Plaza
One Nationwide Plaza
One Nationwide Plaza is a 40-story skyscraper in Columbus, Ohio that is the headquarters of Nationwide Mutual Insurance Company. It is part of the complex of buildings known as Nationwide Plaza....

 was completed at the southwest corner of N. High Street and Nationwide Blvd. on the northern edge of downtown Columbus, Ohio. Since 1978, Nationwide has added the following to its presence in Downtown Columbus: Plaza Two (on the northeast corner of High Street and Chestnut), Plaza Three (just west of High Street and Chestnut), Plaza Four (Front Street), and 275 Marconi (behind Plazas One and Three on Marconi Blvd) which together with Plaza One form the primary downtown complex. In addition to downtown Columbus, Nationwide also has a significant presence in the suburbs of Dublin and Grove City.

Nationwide currently has about 36,000 employees, and is ranked #124 in the most recent Fortune 500.

Helping Columbus become a major league city

By 1997, the city of Columbus
Columbus, Ohio
Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...

 had grown to become the 15th largest city in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. However, Columbus by this time was the largest American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 city without a major professional sports franchise competing in one of the following leagues representing sports traditionally contested in the United States, i.e. those of Major League Baseball
Major League Baseball
Major League Baseball is the highest level of professional baseball in the United States and Canada, consisting of teams that play in the National League and the American League...

, the National Football League
National Football League
The National Football League is the highest level of professional American football in the United States, and is considered the top professional American football league in the world. It was formed by eleven teams in 1920 as the American Professional Football Association, with the league changing...

, the National Basketball Association
National Basketball Association
The National Basketball Association is the pre-eminent men's professional basketball league in North America. It consists of thirty franchised member clubs, of which twenty-nine are located in the United States and one in Canada...

, or the National Hockey League
National Hockey League
The National Hockey League is an unincorporated not-for-profit association which operates a major professional ice hockey league of 30 franchised member clubs, of which 7 are currently located in Canada and 23 in the United States...

. After plans to move the Hartford Whalers
Hartford Whalers
The Hartford Whalers were a professional ice hockey team based for most of its existence in Hartford, Connecticut, U.S.A.. The club played in the World Hockey Association from 1972–79 and in the National Hockey League from 1979–97...

 to Columbus failed when voters rejected a tax levy, the Nationwide Mutual Insurance Company announced that it would build an arena adjacent to One Nationwide Plaza in an effort to bring an NHL
National Hockey League
The National Hockey League is an unincorporated not-for-profit association which operates a major professional ice hockey league of 30 franchised member clubs, of which 7 are currently located in Canada and 23 in the United States...

 franchise to Columbus. This second effort was successful, and the Columbus Blue Jackets
Columbus Blue Jackets
The Columbus Blue Jackets are a professional ice hockey team based in Columbus, Ohio, United States. They are members of the Central Division of the Western Conference of the National Hockey League...

 began play at Nationwide Arena
Nationwide Arena
Nationwide Arena is a multi-purpose arena, in Columbus, Ohio, USA. It opened in 2000 and is the home of the Columbus Blue Jackets, of the NHL....

 in late 2000. Nationwide Arena, named for the company, is the centerpiece of the Arena District
Arena District
The Arena District is a , mixed-use urban infill, master planned development located in downtown Columbus, Ohio. It is characterized by its New Urbanism layout, mixed-use, and neo-classical American design. The architecture is of the Chicago School style, being influenced by Daniel Burnham in...

, an area of entertainment venues, restaurants, and hotels linking downtown Columbus with The Short North
The Short North
The Short North is a neighborhood in Columbus, Ohio, United States, centered on the main strip of High Street immediately north of downtown and extending until just south of the Ohio State University campus area. It is an easy walk from the convention center or Nationwide Arena district to the north...

 neighborhood.

The Columbus Crew
Columbus Crew
The Columbus Crew is an American professional soccer club based in Columbus, Ohio which competes in Major League Soccer , the top professional soccer league in the United States and Canada...

 of Major League Soccer
Major League Soccer
Major League Soccer is a professional soccer league based in the United States and sanctioned by the United States Soccer Federation . The league is composed of 19 teams — 16 in the U.S. and 3 in Canada...

 were actually the first Major League franchise representing Columbus in the post-war era, and they play at their own stadium, Columbus Crew Stadium
Columbus Crew Stadium
Columbus Crew Stadium is a soccer-specific stadium in Columbus, Ohio and the home stadium of Major League Soccer club, Columbus Crew. Built in 1999, Crew Stadium was the first soccer-specific stadium built for a professional soccer team in the second pro era of American soccer...

, which was the first Soccer-specific stadium
Soccer-specific stadium
Soccer-specific stadium is a term used mainly in the United States, Canada, Australia and South Korea coined by Lamar Hunt, to refer to a sports stadium either purpose built or fundamentally redesigned for soccer and whose primary function is to host soccer matches, as opposed to a multipurpose...

 built in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

, opening in 1999. The Crew were one of the original members of the MLS, and recently won their first MLS Cup
MLS Cup
The MLS Cup is the championship match of Major League Soccer, the highest tier of professional soccer in the United States and Canada. As the final match of the MLS Cup playoffs, the winner is crowned the season champion in the same manner as other North American sports leagues...

 in 2008
MLS Cup 2008
The 2008 MLS Cup was the championship match of the 2008 Major League Soccer season. The final was played at The Home Depot Center in Carson, California on November 23, 2008. The match was contested by the Columbus Crew and the New York Red Bulls, marking the debut of both teams in the final after...

.

Nationwide Tour

In 2003, Nationwide became the sponsor of the second-highest professional golf tour in the United States.

Nationwide Children's Hospital

On September 24, 2007 Columbus Children's Hospital was rededicated as Nationwide Children's Hospital. This was done in response to a $50 million donation to the hospital by Nationwide.

Nationwide Series

Nationwide became the title sponsor of the NASCAR
NASCAR
The National Association for Stock Car Auto Racing is a family-owned and -operated business venture that sanctions and governs multiple auto racing sports events. It was founded by Bill France Sr. in 1947–48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr...

 Nationwide Series beginning in the 2008 season.

Memorial Tournament

On Sept. 3, 2010, Nationwide announced a six-year deal to become the presenting sponsor of the PGA Tour
PGA Tour
The PGA Tour is the organizer of the main men's professional golf tours in the United States and North America...

 Memorial Tournament
Memorial Tournament
The Memorial Tournament is a PGA Tour golf tournament founded by Jack Nicklaus. It is played on a Nicklaus-designed course at Muirfield Village Golf Club in Dublin, Ohio, a suburb of Nicklaus' home town of Columbus. The golf course passes through a large neighborhood called Muirfield Village...

 beginning with the 2011 event.

Jack Hanna

In March 2010 Nationwide announced that it would be co-sponsoring Columbus Zoo
Columbus Zoo
The Columbus Zoo and Aquarium is a non-profit zoo located in Powell, Ohio , just north of Columbus. The land lies along the eastern banks of the O'Shaughnessy Reservoir on the Scioto River, at the intersection of Riverside Drive and Powell Road...

 Director Emeritus Jack Hanna
Jack Hanna
John Bushnell "Jack" Hanna is an American zookeeper who is the Director Emeritus of the Columbus Zoo and Aquarium. He was Director of the zoo from 1978 to 1993, and is viewed as largely responsible for elevating its quality and reputation. His media appearances have made him one of the most...

's "Into the Wild" TV show and national speaking tour.

Cincinnati Bengals

On August 5, 2010, Nationwide announced that it is now the official insurance provider of the Cincinnati Bengals
Cincinnati Bengals
The Cincinnati Bengals are a professional football team based in Cincinnati, Ohio. They are members of the AFC's North Division in the National Football League . The Bengals began play in 1968 as an expansion team in the American Football League , and joined the NFL in 1970 in the AFL-NFL...

.

The Companies

Nationwide is one of the largest insurance and financial services companies in the world, focusing on domestic property and casualty insurance, life insurance and retirement savings, asset management, and strategic investments.

The Nationwide family includes:

Property and Casualty

Nationwide
  • Atlantic Floridian Insurance Company
  • Colonial County Mutual Insurance Company
  • Crestbrook Insurance Company
  • Lone Star General Agency
  • Nationwide Affinity Insurance Company of America
  • Nationwide Assurance Company
  • Nationwide Corporation
  • Nationwide Exclusive Agent Risk Purchasing Group
  • Nationwide General Insurance Company
  • Nationwide Indemnity Company
  • Nationwide Insurance Company of Florida
  • Nationwide International Underwriters
  • Nationwide Lloyds
  • Nationwide Mutual Fire Insurance Company
  • Nationwide Mutual Insurance Company
  • Nationwide Property and Casualty Insurance Company
  • Retention Alternatives Ltd.
  • Whitehall Holdings, Inc.
  • WI of Florida, Inc.


Titan
  • THI Holdings (Delaware), Inc.
  • Titan Auto Insurance of New Mexico, Inc.
  • Titan Indemnity Company
  • Titan Insurance Company
  • Titan Insurance Services, Inc.


Victoria
  • Victoria Automobile Insurance Company
  • Victoria Fire & Casualty Company
  • Victoria National Insurance Company
  • Victoria Select Insurance Company
  • Victoria Specialty Insurance Company


Allied
Allied Insurance
Allied Insurance provides insurance to individuals, families and businesses. Headquarters are located in Des Moines, IA. They are represented by independent insurance agents through their regional offices and staff in: Des Moines, IA; Lincoln, NE, Denver, CO, and Sacramento, CA.Allied employs more...

  • Allied General Agency Company
  • Allied Group, Inc.
  • Allied Property and Casualty Insurance Company
  • Allied Texas Agency, Inc.
  • AMCO Insurance Company
  • Cal-Ag Insurance Services, Inc.
  • CalFarm Insurance Agency
  • Depositors Insurance Company
  • Nationwide Document Solutions, Inc.
  • Nationwide Insurance Company of America
  • Nationwide Sales Solutions, Inc.
  • Premier Agency, Inc.


Farmland
  • F & B, Inc.
  • Farmland Mutual Insurance Company
  • Nationwide Agribusiness Insurance Company


Scottsdale
  • DVM Insurance Agency, Inc.
  • National Casualty Company
  • Scottsdale Indemnity Company
  • Scottsdale Insurance Company
  • Scottsdale Surplus Lines Insurance
  • V.P.I. Services, Inc.

  • American Marine Underwriters
  • Insurance Intermediaries
  • Veterinary Pet Insurance Company
  • Western Heritage Insurance Company


Life Insurance, Retirement and Investment
  • 1717 Advisory Services, Inc.
  • 1717 Brokerage Services, Inc
  • Nationwide Securities, LLC
  • Gardiner Point Hospitality, LLC
  • Life REO Holdings, LLC
  • Nationwide Affordable Housing, LLC
  • Nationwide Alternative Investments, LLC
  • Nationwide Bank
  • Nationwide Community Development Corporation, LLC
  • Nationwide Financial Assignment Company
  • Nationwide Financial Institution Distributors Agency, Inc.
  • Nationwide Financial Services Capital Trust
  • Nationwide Financial Services, Inc.
  • Nationwide Financial Structured Products, LLC
  • Nationwide Fund Advisors
  • Nationwide Fund Distributors LLC
  • Nationwide Fund Management LLC
  • Nationwide Investment Advisors, LLC
  • Nationwide Investment Services Corporation
  • Nationwide Life Insurance Company
  • Nationwide Life Insurance Company of Delaware
  • Nationwide Life Tax Credit Partners 2007-A, LLC
  • Nationwide Provident Holding Company
  • Nationwide Retirement Solutions Insurance Agency, Inc.
  • Nationwide Retirement Solutions, Inc.
  • Nationwide Retirement Solutions, Inc. of Arizona
  • Nationwide Retirement Solutions, Inc. of Ohio
  • Nationwide Retirement Solutions, Inc. of Texas
  • NF Reinsurance Ltd.
  • NFS Distributors, Inc.
  • Olentangy Reinsurance Company
  • Pension Associates, Inc.
  • Provestco, Inc.
  • RCMD Financial Services, Inc.
  • Registered Investment Advisors Services, Inc.
  • TBG Aviation, LLC
  • TBG Danco Insurance Services Corporation
  • TBG Financial & Insurance Services Corp.
  • TBG Insurance Services Corporation
  • Washington Square Administrative Services, Inc.


Asset Management
  • Audenstar Limited
  • Corviant Corporation
  • Nationwide Asset Management Holdings
  • Nationwide Emerging Managers, LLC
  • Nationwide Global Funds
  • Nationwide Global Ventures, Inc.
  • Nationwide Mutual Funds
  • Nationwide SA Capital Trust
  • Nationwide Separate Accounts, LLC
  • Nationwide Variable Insurance Trust
  • Newhouse Capital Partners, LLC
  • Newhouse MD LLC
  • Newhouse Special Situations Fund I, LLC
  • NWD Asset Management Holdings, Inc.
  • NWD Investment Management, Inc.
  • NWD Management & Research Trust
  • Riverview Alternative Investment Advisors, LLC
  • Riverview International Group, Inc.
  • The Healthcare Fund LDC
  • National Casualty Company of America, Ltd.


Strategic Investments
  • AGMC Reinsurance, Ltd.
  • FutureHealth Corporation
  • FutureHealth Holding Company
  • FutureHealth Technologies Corporation
  • Gates, McDonald & Company
  • Gates, McDonald & Company of New York, Inc.
  • GatesMcDonald Health Plus Inc.
  • Intervent USA, Inc.
  • Nationwide Advantage Mortgage Company
  • Nationwide Asset Management, LLC
  • Nationwide Better Health, Inc.
  • Nationwide Cash Management Company
  • Nationwide Global Holdings, Inc.
  • Nationwide Management Systems, Inc.
  • Nationwide Mutual Capital I, LLC
  • Nationwide Mutual Capital, LLC
  • Nationwide Private Equity Fund, LLC
  • Nationwide Realty Investors, Ltd.
  • Nationwide Realty Management, LLC
  • Nationwide Services for You, LLC


Additionally, Nationwide Communications
Nationwide Communications
Nationwide Communications Inc. was a media subsidiary of the Nationwide Insurance Company, which operated from 1946 until 1997. Based in Columbus, Ohio, Nationwide Communications owned and operated a variety of radio and television stations across the United States until it sold off all its radio...

, a broadcasting
Broadcasting
Broadcasting is the distribution of audio and video content to a dispersed audience via any audio visual medium. Receiving parties may include the general public or a relatively large subset of thereof...

 company that owned radio station WNCI
WNCI
WNCI is a radio station in Columbus, Ohio. Its official print brand identifier is WNCI 97.9 in a purple oval, while the station is known on-air as 97.9 WNCI...

, was once owned by Nationwide.

Diversity

Since 2004, Nationwide has continuously received a 100% rating each year on the Corporate Equality Index, which is released by the gay rights activist group Human Rights Campaign
Human Rights Campaign
The Human Rights Campaign is the United States' largest LGBT advocacy group and lobbying organization; according to the HRC, it has more than one million members and supporters...

. Nationwide includes “sexual orientation” and “gender identity” in its equal employment opportunity policy, and provides diversity training to its employees on sexual orientation.

In 2008 Nationwide entered into an exclusive partnership with Tavis Smiley
Tavis Smiley
Tavis Smiley is a talk show host, author, liberal political commentator, entrepreneur, advocate and philanthropist. Smiley was born in Gulfport, Mississippi and grew up in Kokomo, Indiana. After attending Indiana University, he worked during the late 1980s as an aide to Tom Bradley, the mayor of...

, including sponsorship of Smiley’s PBS television program as a provider of property and casualty insurance products.

Nationwide was also a national sponsor of the 2009 State of the Black Union
State of the Black Union
The State of the Black Union is an annual event in the United States to consider issues of particular relevance in the African American community, featuring prominent speakers such as John Conyers, Jesse Jackson, and Al Sharpton. Some politicians, such as Bill Clinton, also attend.It was to occur...

 event.

Mobile claims application: Nationwide Mobile

On April 22, 2009, Nationwide released Nationwide Mobile, a free iPhone
IPhone
The iPhone is a line of Internet and multimedia-enabled smartphones marketed by Apple Inc. The first iPhone was unveiled by Steve Jobs, then CEO of Apple, on January 9, 2007, and released on June 29, 2007...

 application for Nationwide auto insurance customers and other iPhone users. The app is designed to assist drivers with the steps to take after an accident. It also helps Nationwide customers start the claims process, finds Nationwide-certified local repair shops, and facilitates the exchange of accident and insurance information. With the release of Nationwide Mobile, Nationwide asserted that it was the first insurance company to offer a claims application for a mobile device.

Nationwide Mobile was cited by Advertising Age
Advertising Age
Advertising Age is a magazine, delivering news, analysis and data on marketing and media. The magazine was started as a broadsheet newspaper in Chicago in 1930...

 as one of the top branded iPhone apps of 2009 in a Dec. 14, 2009 article.

Nationwide has since added an Android version of Nationwide Mobile.

CEOs

CEO Years Served
Lee B. Palmer  1926–1928
George L. Cooley  1928–1939
Murray Lincoln  1939–1964
Bowman Doss  1964–1969
George Dunlap  1969–1972
Dean Jeffers  1972–1981
John Fisher  1981–1992
Dimon McPherson  1992 - December 31, 2000
Jerry Jurgensen  January 1, 2001–2009
Steve Rasmussen 2009–Present

General

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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