What's changed at Nationwide
Every update we've tracked for Nationwide, newest first. Each one links to the full note.
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AM Best affirms Nationwide P&C Group at A (Excellent)
AM Best affirmed Nationwide Property and Casualty Group members at A (Excellent) for financial strength. It also affirmed their a+ credit rating. The outlook is stable. Titan Insurance Company stayed at B++ (Good).
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Nationwide will not renew some of its home policies in Florida
Nationwide confirmed it is not renewing some Florida home policies. It cited inflation and market disruption. It said it is now choosier about where it sells. No count was given.
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Nationwide to drop 60,000 Florida home policies. Tower Hill to take them.
Nationwide said it would nonrenew about 60,000 Florida homeowners policies from July 2010. Over 10,000 were in Tampa Bay. Tower Hill agreed to offer coverage to all of them. Bundled auto or boat customers were exempt.
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Nationwide stops new Florida property business. It plans 35,000 home nonrenewals.
Nationwide Insurance Company of Florida halted new personal property and mobile home sales. It began September 1, 2005. From March 1, 2006 it nonrenewed about 35,000 home, 4,800 mobile home and 12,000 business policies.