Since its humble beginnings in 1925 as the Farm Bureau Mutual Automobile Insurance Company of Columbus, Ohio, Nationwide Corporate Group has risen spectacularly to become one of the largest financial services companies in the world. This spirit of achievement was manifest even in the company’s first year of existence, when Ohio law required the company to get at least 100 farmers to become policyholders. Instead, nearly 1,000 Ohio farmers signed up, and the company’s original agents recruited ten times their initial goal! By 1928, the company that would produce Nationwide had expanded its service to West Virginia farmers as well, then to small-town residents in 1931, and by 1934 was also insuring the residents of larger cities. The company continued to grow throughout the Great Depression, and in 1936 the company moved to the now-famous 246 Building in Columbus, Ohio. Likewise, in the recent recession, Nationwide has helped its customers, like Gary King of Garden Grove, California, remain financially secure. “Property values went down at the same time I was going through a divorce…I knew nothing about short sales, and was lucky to have found [Nationwide]. Even though I was upset many times, [Nationwide] handled it professionally and helped me. Thank you so much for taking the ball and running with it. Everything just fell into place and I didn’t have to do much of anything. [Nationwide] saved me from foreclosure,” says King, as quoted on www.trustlink.org. By 1955, Farm Bureau Mutual Automobile Insurance had changed its name to Nationwide Insurance, and by 1965 was operating in 32 states and the District of Columbia. Nationwide continued to expand, constructing One Nationwide Plaza in downtown Columbus in 1978 and growing rapidly throughout the eighties and nineties. In 2007, Nationwide donated $50 million to the Columbus Children’s Hospital. Nationwide continues to innovate. On April 22, 2009, Nationwide became the first insurance company to offer a free application for the iPhone to help tech-savvy customers get through the claims process more easily. Today, Nationwide is ranked #105 in the latest Fortune 500 and employs 36,000 people.
here is the link to the site from which I took King’s quote:
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