In addition to downtown Columbus, Nationwide also has a significant presence in the Columbus, Ohio metropolitan suburbs of Dublin, Grandview Heights, and Grove City. Since 1988, 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), 275 Marconi (behind Plazas One and Three on Marconi Blvd), and 10 West Nationwide, which together with Plaza One form the primary downtown complex. on the northern edge of downtown Columbus, Ohio. In 1978, One Nationwide Plaza was completed at the southwest corner of N. Nationwide outgrew the 246 Building by the 1970s, and work began on a new skyscraper headquarters for the company. It also expanded into 19 other states, bringing the total by 1965 to 32 states and the District of Columbia. In the 10 years that followed, Nationwide expanded into Oregon, making the company truly "nationwide". In 1955, Farm Bureau Mutual changed its name to Nationwide Insurance, a name by which it is commonly known today. 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. High Street in Columbus.īy 1943, Farm Bureau Mutual operated in 12 states and the District of Columbia. In 1936, the company moved into the 246 Building at 246 N. With growth, came a need for the expansion of office space. The company was later renamed to Farm Bureau Life Insurance Company in 1938. In 1935, Farm Bureau Mutual acquired the Life Insurance Company of America from the bankrupt fraternal insurer, American Insurance Union. This product grew the following year with the purchase of a struggling fire insurance company. Also, in 1934, Farm Bureau Mutual began offering fire insurance. Farm Bureau Mutual began underwriting residents of small towns in 1931 and residents in larger cities in 1934. In 1928, Farm Bureau Mutual expanded to West Virginia, followed by Maryland, Delaware, Vermont, and North Carolina. The company wrote policies only to Ohio farmers who were members for the Ohio Farm Bureau. The first product of the new company, as its name implied, was automobile insurance. The first agents managed to recruit ten times that number, and on April 14, 1926, Farm Bureau Mutual started a business with over 1,000 policyholders. Īt that time, Ohio law required 100 people to pledge to become policyholders. On April 10, 1926, the Farm Bureau Mutual Automobile Insurance Company obtained a license to do business in Ohio, and two days later, it acquired its financing-a $10,000 loan drawn from the membership dues of the Ohio Farm Bureau Federation. The Ohio Farm Bureau decided to set up its own insurance company to offer rates that accurately reflected the driving habits of farmers. In the 1920s, farmers were paying the same rates on their automobile insurance as city drivers even though they had fewer accidents and claims than city drivers. History Beginnings as Farm Bureau Mutual It had owned the majority of NFS common stock since it had gone public in 1997. Nationwide Financial Services (NFS), a component of the group, was partially floated on the New York Stock Exchange prior to being repurchased by Nationwide Mutual in 2009. 21 in Fortune's "100 Best Companies to Work For". Nationwide currently has approximately 25,000 employees, and is ranked No. The company also operates regional headquarters in Scottsdale, Arizona Des Moines, Iowa and San Antonio, Texas. insurance and financial services companies based in Columbus, Ohio. Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S.
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