Nationwide Mutual Insurance Company
Nationwide is on your side. This is the company slogan of Nationwide Insurance Company that claims to be working hard every day to meet the insurance and financial needs of their customer at every stage of their life whatever happens. But a research on nationwide insurance complaints, you will see a substantial amount of complaints about the company regarding their auto insurance. This is for a company who 80 years ago became popular for auto insurance.
1925 is the year that The Ohio Farm Bureau Federation incorporated the Farm Bureau Mutual Automobile Insurance Company with the goal of providing quality, low rate quality insurance for Ohio drivers. A year later, the company sold its first policy and Farm Bureau Mutual opened its business. With a purchase of a fire insurance company in 1934, they began writing property insurance policies. Farm Bureau Mutual continued to expand from then on and in 1955, it changes its name to Nationwide Insurance as it is known today. 1978 is the year when Nationwide completed its 40-storey structure which serves as its international headquarters. And in 1997, Nationwide Financial goes public.
Nationwide Insurance is ranked #108 on the Fortune 500 with more than 16 million policies in force. They now offer several types of insurance including life, auto, property, health and other special types of policy. Nationwide also offers investment and banking to its customers.
With the current financial crisis in the U.S., Nationwide says that they only have less than 0.3% of their general account portfolio in their direct holdings at Lehman Brothers and AIG. Their current rating from different rating agencies shows their financial strength to be strong. Moody’s gives them an Aa3, Standard and Poor’s at AA- and A.M. Best at A+. This declaration will calm the many policy holders of Nationwide Insurance.
