Nationwide Insurance dropping 60k FL policy holders

Posted by Rachel Leigh - email

(WFLX) - Another insurance giant is dropping thousands of Florida policy holders.

Nationwide Insurance announced plans to drop about 60,000 home insurance policies across the state. The company says it won't renew nearly half of its 129,000 home insurance policies in Florida starting in July.

You may recall insurance agency State Farm decided to pull out of Florida altogether after the state denied its request to raise rates.