Nationwide Insurance announced yesterday that it will start dropping 39,000 Florida home insurance customers and 1,600 commercial property insureds as their policies come up for renewal starting Jan. 1, 2008.
The Columbus, Ohio-based company, Florida's fifth largest home insurer, said it was taking the action as part of steps to manage its property exposure in the state.
Nationwide said it will continue more than 506,000 total policies in Florida, including more than 176,000 personal lines property policies. Notices to those being dropped will go out next month.
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