Storms Hit Nationwide Hard In First Half Of Year
|By Mark Williams, The Columbus Dispatch, Ohio|
The insurer yesterday reported operating income of
Weather-related claims totaled
Still, the 2012 figures are worse than normal.
"It's higher than what you'd expect if you did an average over 10 and 15 years," said
The company has been hit with 33,000 claims from the thunderstorms that slammed
Besides that storm, a number of other, smaller storms added to the claims total during the quarter, Thresher said.
"It's not as bad as last year," he said. "There is just a frequency issue again."
All in all, Nationwide's property and casualty operations reported a
Nationwide already is benefiting from its
Thresher said Nationwide continues to benefit from its geographic and business diversity, with total operating revenue rising 6 percent, to
The company said it has been benefiting from stronger sales in its commercial lines of business and continued momentum in life insurance, annuities and mutual funds.
Nationwide said it paid out
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|Source:||McClatchy-Tribune Information Services|