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Encyclopedia > Nationwide Mutual Insurance Company
Nationwide Mutual Insurance Company
Type Mutual
Founded 1926
Headquarters Columbus, Ohio
Key people W.G. Jurgensen, CEO
Industry Financial services
Products Insurance
Revenue $21.832 billion USD
Slogan Nationwide is on Your Side

Nationwide Mutual Insurance Company & Affiliated Companies is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. Image File history File links Size of this preview: 161 × 58 pixelsFull resolution (161 × 58 pixel, file size: 1 KB, MIME type: image/png)Logo for the Nationwide Mutual Insurance Company, obtained from http://www. ... Mutual describes a form of business enterprise which is owned by those who do business with it. ... Nickname: The Arch City The Discovery City Location in the state of Ohio, USA Coordinates: Country United States State Ohio Counties Franklin, Delaware, and Fairfield  - Mayor Michael B. Coleman (D) Area    - City  212. ... A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... Look up slogan in Wiktionary, the free dictionary. ... Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Financial services is a term used to refer to the services provided by the finance industry. ... Nickname: The Arch City The Discovery City Location in the state of Ohio, USA Coordinates: Country United States State Ohio Counties Franklin, Delaware, and Fairfield  - Mayor Michael B. Coleman (D) Area    - City  212. ...

Contents

History

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 law required 100 people to pledge to become policyholders. The first agents managed to recruit ten times that number, and on April 12, 1926, Farm Bureau Mutual started business with 1,000 policyholders. December 17 is the 351st day of the year (352nd in leap years) in the Gregorian calendar. ... 1925 (MCMXXV) was a common year starting on Thursday (link will display the full calendar). ... The American Farm Bureau Federation calls itself the Voice of Agriculture, and was founded in 1919 in Chicago, Illinois at a meeting attended by a number of state representatives. ... Official language(s) None Capital Columbus Largest city Columbus Largest metro area Cleveland Area  Ranked 34th  - Total 44,825 sq mi (116,096 km²)  - Width 220 miles (355 km)  - Length 220 miles (355 km)  - % water 8. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Agency is an area of Commercial law dealing with a contractual or quasi-contractual tripartite set of relationships when an Agent is authorised to act on behalf of another (called the Principal) to create a legal relationship with a Third Party. ... April 12 is the 102nd day of the year in the Gregorian calendar (103rd in leap years). ... Year 1926 (MCMXXVI) was a common year starting on Friday (link will display the full calendar). ...


The first product of the new company, as its name implied, was automobile insurance. The company wrote policies only to Ohio farmers. In 1928, Farm Bureau Mutual began offering policies to West Virginia farmers, followed by Maryland, Delaware, Vermont, and North Carolina. Farm Bureau Mutual began underwriting residents of small towns in 1931, and residents in larger cities in 1934. Traditional Eastern European Farmer Woman. ... Year 1928 (MCMXXVIII) was a leap year starting on Sunday (link will display full calendar). ... Official language(s) English Capital Charleston Largest city Charleston Area  Ranked 41st  - Total 24,244 sq mi (62,809 km²)  - Width 130 miles (210 km)  - Length 240 miles (385 km)  - % water 0. ... Official language(s) None (English, de facto) Capital Annapolis Largest city Baltimore Area  Ranked 42nd  - Total 12,407 sq mi (32,133 km²)  - Width 90 miles (145 km)  - Length 249 miles (400 km)  - % water 21  - Latitude 37°53N to 39°43N  - Longitude 75°4W to 79°33... Official language(s) None Capital Dover Largest city Wilmington Area  Ranked 49th  - Total 2,491 sq mi (6,452 km²)  - Width 30 miles (48 km)  - Length 100 miles (161 km)  - % water 21. ... Official language(s) None Capital Montpelier Largest city Burlington Area  Ranked 45th  - Total 9,620 sq mi (24,923 km²)  - Width 80 miles (130 km)  - Length 160 miles (260 km)  - % water 3. ... Official language(s) English Capital Raleigh Largest city Charlotte Area  Ranked 28th  - Total 53,865 sq mi (139,509 km²)  - Width 150 miles (240 km)  - Length 560[1] miles (901 km)  - % water 9. ... Underwriting refers to the process that a large financial service provider takes a dump on your face and then uses it to assess the process of providing access to their product like providing equity capital, insurance or credit to a customer. ... 1931 (MCMXXXI) was a common year starting on Thursday (link is to a full 1931 calendar). ... 1934 (MCMXXXIV) was a common year starting on Monday (link will take you to calendar). ...


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. 1934 (MCMXXXIV) was a common year starting on Monday (link will take you to calendar). ... 1936 (MCMXXXVI) was a leap year starting on Wednesday (link will take you to calendar). ... 1943 (MCMXLIII) was a common year starting on Friday (the link is to a full 1943 calendar). ... ... 1951 (MCMLI) was a common year starting on Monday; see its calendar. ...


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, 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. 1955 (MCMLV) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar. ... Official language(s) None Capital Salem Largest city Portland Area  Ranked 9th  - Total 98,466 sq mi (255,026 km²)  - Width 260 miles (420 km)  - Length 360 miles (580 km)  - % water 2. ... 1965 (MCMLXV) was a common year starting on Friday (the link is to a full 1965 calendar). ...


Nationwide outgrew the 246 Building by the 1970s and work began on a new skyscraper headquarters for the company. In 1978, One 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), and Plaza Four (Front Street), which together with Plaza One form the primary downtown complex. Another downtown building is currently being built. 275 Marconi located behind Plazas One and Three on Marconi Boulevard. Nationwide also has a significant presence in the suburbs of Dublin and Grove City. The 1970s decade refers to the years from 1970 to 1979, inclusive. ... This article or section does not adequately cite its references or sources. ... 1978 (MCMLXXVIII) was a common year starting on Sunday. ... One Nationwide Plaza at night. ...


Nationwide currently has about 35,000 employees, and is ranked #98 in the most recent Fortune 100. [1]


Helping Columbus become a major league city

By 1997, the city of Columbus had grown to become the 15th largest city in the United States. However, Columbus by this time was the largest American city without what would be considered a major professional sports franchise; that is, one competing in the leagues of Major League Baseball, the National Football League, the National Basketball Association, or the National Hockey League. After plans to move the Hartford Whalers 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 franchise to Columbus. 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... This article or section does not adequately cite its references or sources. ... The National Football League (NFL) is the largest professional American football league, consisting of thirty-two teams from American cities and regions. ... The National Basketball Association (NBA) is the worlds premier mens basketball league. ... “NHL” redirects here. ... The Hartford Whalers (known as the New England Whalers as a World Hockey Association (WHA) franchise from 1972-79), was a National Hockey League (NHL) team that played from 1979-97. ... Property tax is an ad valorem tax that an owner of real estate or other property pays on the value of the thing taxed. ... “NHL” redirects here. ... In sport, a franchise is a club given permanent rights to play in a specific league. ...


This second effort was successful, and the Columbus Blue Jackets began play at Nationwide Arena in late 2000. Nationwide Arena, named for the company, is the centerpiece of the Arena District, an area of entertainment venues, restaurants, and hotels linking downtown Columbus with The Short North neighborhood. The Columbus Blue Jackets are a professional ice hockey team based in Columbus, Ohio, United States. ... Nationwide Arena is a sports and entertainment arena in Columbus, Ohio. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... The Arena District is a 75 acre mixed-use urban infill, master planned development located in downtown Columbus, Ohio. ... One of the arches over High Street in the Short North neighborhood. ...

One Nationwide Plaza, the headquarters in Columbus.
One Nationwide Plaza, the headquarters in Columbus.

Image File history File linksMetadata Size of this preview: 411 × 600 pixelsFull resolution (1713 × 2500 pixel, file size: 1. ... Image File history File linksMetadata Size of this preview: 411 × 600 pixelsFull resolution (1713 × 2500 pixel, file size: 1. ... One Nationwide Plaza at night. ...

CEOs

CEO Years Served
Murray Lincoln 1925 - 1964
Bowman Doss 1964 - 1969
George Dunlap 1969 - 1972
Dean Jeffers 1972 - 1981
John Fisher 1981 - 1992
Dimon McPherson 1992 - 2000
Jerry Jurgensen 2000 - Present

1925 (MCMXXV) was a common year starting on Thursday (link will display the full calendar). ... 1964 (MCMLXIV) was a leap year starting on Wednesday (the link is to a full 1964 calendar). ... 1964 (MCMLXIV) was a leap year starting on Wednesday (the link is to a full 1964 calendar). ... For the Stargate SG-1 episode, see 1969 (Stargate SG-1). ... For the Stargate SG-1 episode, see 1969 (Stargate SG-1). ... 1972 (MCMLXXII) was a leap year starting on Saturday. ... 1972 (MCMLXXII) was a leap year starting on Saturday. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... For John Arbuthnot Fisher, British admiral, see Jackie Fisher, 1st Baron Fisher. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ...

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 Mutual Insurance Company
  • Nationwide Mutual Fire Insurance Company
  • Nationwide Property and Casualty Insurance Company
  • Nationwide General Insurance Company
  • Nationwide Insurance Company of America
  • Nationwide Affinity Insurance Company of America
  • Nationwide Insurance Company of Florida
  • Nationwide Lloyds
  • Colonial County Mutual Insurance Company
  • Nationwide Assurance Company
  • Insurance Intermediaries, Inc.
  • Allied Property and Casualty Insurance Company
  • AMCO Insurance Company
  • Depositors Insurance Company
  • Nationwide Agribusiness Insurance
  • Farmland Mutual Insurance Company
  • THI Holdings (Delaware), Inc.

Titan Indemnity Company, Titan Insurance Company, Victoria Fire & Casualty Company, Victoria Select Insurance Company, Victoria Automobile Insurance Company, Victoria National Insurance Company, Victoria Specialty Insurance Company,

  • Scottsdale Insurance Company

National Casualty Company, Scottsdale Indemnity Company, Scottsdale Surplus Lines Insurance, Company Western Heritage Insurance Company.


Life Insurance and Retirement Savings

  • Nationwide Financial Services Inc. (NYSE: NFS)
  • National Deferred Compensation, Inc.
  • Nationwide Trust Company, FSB
  • NFS Distributors, Inc.
  • Pension Associates, Inc.
  • Nationwide Financial Institution Distributors Agency, Inc.
  • Nationwide Financial Services (Bermuda), Ltd.
  • Financial Horizons Distributors Agency of Alabama, Inc.
  • Financial Horizons Distributors Agency of Ohio, Inc.
  • Financial Horizons Distributors Agency of Oklahoma, Inc.
  • Financial Horizons Distributors Agency of Texas, Inc.
  • Nationwide Financial Institution
  • Distributors Insurance Agency, Inc. of Mass.
  • Nationwide Financial Institution
  • Distributors Agency, Inc. of New Mexico
  • Nationwide Financial Network
  • 1717 Capital Management
  • Nationwide Securities, Inc.
  • Nationwide Life and Annuity Insurance Company
  • Nationwide Life Insurance Company
  • Nationwide Retirement Solutions
  • Nationwide Retirement Solutions, Inc. of Alabama
  • Nationwide Retirement Solutions, Inc. of Arizona
  • Nationwide Retirement Solutions, Inc. of Arkansas
  • Nationwide Retirement Solutions, Inc. of Montana
  • Nationwide Retirement Solutions, Inc. of Nevada
  • Nationwide Retirement Solutions, Inc. of New Mexico
  • Nationwide Retirement Solutions, Inc. of Ohio
  • Nationwide Retirement Solutions, Inc. of Oklahoma
  • Nationwide Retirement Solutions, Inc. of So. Dakota
  • Nationwide Retirement Solutions, Inc. of Texas
  • Nationwide Retirement Solutions, Inc. of Wyoming
  • Nationwide Retirement Solutions, Ins. Agency, Inc.
  • The 401(k) Company

401(k) Investment Services, Inc., 401(k) Investment Advisors, Inc., Riverview Agency, Inc. The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ...

  • Financial Settlement Services Agency, Inc.
  • Nationwide Investment Services Corporation
  • TBG Financial

Asset Management

  • Gartmore Group

Coda Capital Management LLC, Gartmore Distribution Services, Inc., Corviant Corporation, Gartmore Global Asset Management Trust, Gartmore Global Partners, Gartmore Investors Services, Inc., Gartmore Morley capital Management, Inc., Gartmore Mutual Fund Capital Trust, Gartmore Mutual Funds, Gartmore Mutual Funds II, Inc., Gartmore SA Capital Trust, Gartmore Separate Accounts, LLC, Gartmore Trust Company, Gartmore Variable Insurance Trust, NorthPoint Capital, LLC.


Strategic Investments

  • GatesMcDonald & Company

GatesMcDonald HealthPlus, Inc., MedProSolutions, Inc.

  • Nationwide Advantage Mortgage Company

Nationwide Health Plans, Nationwide Management Systems, Nationwide Life Insurance Company (Employee Group Life & Health), Nationwide Mutual (Group Health), National Casualty (Group Health),

  • Nationwide Global Holdings
  • Nationwide Mutual Capital

In Texas, products are supported by:

  • Allied Property and Casualty Insurance Company
  • Colonial County Mutual Insurance Company
  • Depositors Insurance Company
  • Farmland Mutual Insurance Company
  • National Casualty Company
  • Nationwide Affinity Insurance Company of America
  • Nationwide Agribusiness Insurance Company
  • Nationwide General Insurance Company
  • Nationwide Insurance Company of America
  • Nationwide Mutual Fire Insurance Company
  • Nationwide Property and Casualty Insurance Company
  • Scottsdale Indemnity Company
  • Nationwide Assurance Company
  • Nationwide Securities, Inc.
  • Nationwide Financial Services, Inc.
  • Nationwide Lloyds

Additionally, Nationwide Communications, a broadcasting company that owned radio station WNCI, was once owned by Nationwide. Nationwide Communications Nationwide Communications Inc. ... Broadcasting is the distribution of audio and/or video signals which transmit programs to an audience. ... WNCI (97. ...


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. Nationwide includes “sexual orientation” and “gender identity” in its equal employment opportunity policy, and provides diversity training to its employees on sexual orientation. HRC logo The Human Rights Campaign (HRC) is one of the largest lesbian, gay, bisexual, and transgender (LGBT) equal rights organization in the United States. ... President Lyndon Baines Johnson The term Equal Opportunity Employment was created by President Lyndon Baines Johnson when he signed Executive Order 11246 which was created to prohibit federal contractors from discriminating against employees on the basis of race, sex, religion, color, or national origin. ...


References

  • Emporis's page on One Nationwide Plaza

External links

Dealing with Complaints

General


  Results from FactBites:
 
Nationwide Mutual Insurance Company v. Unauthorized Practice of Law Committee (2002) * U.S.5th (2947 words)
Nationwide sought a declaration that Texas law does not prohibit it from employing salaried staff attorneys to represent its insureds in policy-related cases.
In its complaint, Nationwide seeks a declaration that there is no disciplinary rule, ethical opinion, or caselaw in Texas prohibiting an insurance company from using staff attorneys to defend its insureds.
Nationwide appeals the district court's dismissal and moves this court to certify the state law question to the Supreme Court of Texas.
Nationwide Insurance Complaint (1483 words)
Nationwide Mutual Insurance Company and Nationwide Mutual Fire Insurance Company are incorporated under the laws of the State of Ohio with their principal places of business in Columbus, Ohio, in the Southern District of Ohio.
Nationwide ranks fifth in the country in market share for homeowners insurance, with a total of 3,050,635 policies for all fire lines -- homeowners, inland marine, and property fire -- in effect as of.
Nationwide has established, implemented and maintained eligibility criteria for its homeowners insurance policies which require that the market value of a home be from 70% to 805 of the replacement cost in order to obtain replacement cost coverage.
  More results at FactBites »


 

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