(PRNewsChannel) / October 9, 2009 / Tampa, Fla. / Tampa property insurance law firm Corless Zinober recommends that Nationwide policyholders who've been dropped, carefully – and quickly – switch insurance providers. Nationwide Insurance Co. of Fla. announced this week it would not renew some 10,000 Tampa Bay-area policies effective July 2010.
“Who is the other big insurance company? We don’t have that in Florida anymore,” property insurance lawyer Judd Goodall of Corless Zinober told Tampa’s ABC Action News Thursday. “That’s a luxury that homeowners here just don’t have.”
That’s why those facing non-renewal notices from Nationwide in January must take the time to research the stability of smaller Florida insurance companies, said Goodall, who noted 70 percent of the state’s newest insurers are losing money.
State Farm Florida announced earlier this year its plans to pull out of Florida. Hurricane damage claims have for years strained Florida's property insurance industry.
For questions regarding information contained in this press release, please contact the company source listed in the press release. Please do not contact PRNewsChannel as we won't be able to provide assistance with your inquiry.
Copyright Notice
You do not need permission to link to pages on this site.
Press releases on this site may be used for any legitimate media purpose. However, using the press releases from PRNewsChannel for distribution on competing press release distribution sites is prohibited.
RSS Feed
