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Statement from Florida’s CFO Tom Gallagher regarding Nationwide’s Decision to Non-renew a Substantial Number of Their Customers

9/1/2005

CONTACT:
Tami Torres or Bob Lotane
(850) 413-2842 

"I'm deeply concerned that Nationwide Insurance is non-renewing over 35,000 customers in the state of Florida.  In light of the four hurricanes that struck Florida last year and the two that affected our state this year including Hurricane Katrina, there has been enormous strain placed on the homeowners and policyholders of this state."

  "I am calling on Insurance Commissioner Kevin McCarty to bring Nationwide back to the table on behalf of our consumers in Florida.  After having been granted a rate increase just last month, Nationwide needs to reconsider its decision and renew these policies.  We all have a responsibility during this difficult time to bring healing to the economy of Florida and the nation as quickly as possible."