Nationwide Insurance to drop 60,000 homeowners policies in Florida

Nationwide Insurance Co. announced plans Wednesday to drop about 60,000 homeowners policies across Florida, including more than 10,000 in the Tampa Bay area. Nationwide, the latest insurer to dramatically scale back its presence in the hurricane-prone state, said nearly all customers with only a homeowners policy will be affected. About 45,000 Nationwide customers who have a homeowners policy plus an additional line of insurance like car or boat policies will not be affected, said company spokeswoman Nancy Smeltzer.

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