Nationwide To Drop 50,000+ Fla. Property Policies
Seeking to limit its exposure in the state, the Nationwide Mutual Insurance Company yesterday announced that it would not be renewing more than 50,000 property insurance policies in Florida.
"As we continue to analyze our business strategy, it has become increasingly apparent that we are not comfortable with our current exposure in the Florida property market," said Jeff Rommel, regional vice president of Florida operations for the company.
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