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Nationwide Cutting Fla. Renewals

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.

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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.

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