Nationwide To Drop Florida Homeowners

Hurricane Insurance Nationwide About 60000 policies in the Sunshine State will be affected
by Associated Press
Published: Wed, October 07, 2009 - 9:19 pm CST Last Updated: Wed, October 07, 2009 - 10:04 pm CST
MIAMI, Florida - MIAMI (AP) - Nationwide Insurance Co. of Florida has announced
plans to drop about 60,000 home insurance policies.
The company announced Wednesday that it would not be renewing
nearly half of its 129,000 home insurance policies in Florida,
starting in July 2010.
Nationwide spokeswoman Nancy Smeltzer says the company made the
decision to maintain viability and manage risk. The company will be
directing its former policyholders to Tower Hill Insurance.
Once the policies are dropped, the Ohio-based company will have
more than 275,000 total policies in Florida, covering cars,
businesses and homes.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
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