Metas
Naples Florida Real Estate News - 08/29/07
Another insurance company sticks it to Florida homeowners as they plan to drop 39,000 homeowner insurance policies after dropping 35,000 policies two years ago. Subprime mortgages crisis over? What do Floridian’s think about the state’s economy?
FLORIDA HOMEOWNERS INSURANCE - Nationwide Insurance said on Tuesday, August 28th it plans to dump 39,000 homeowner insurance policies and 1,600 commercial policies. Two years ago, Nationwide jettisoned 35,000 homeowner policies statewide and stopped taking on new property insurance customers.
A consideration for Florida residents would be for them to place their automobile insurance with another company, rather than Nationwide Insurance. Insurance companies like automobile insurance, because it is a big profit center for them. Hurt the insurance companies bottom lines and maybe companies like Nationwide Insurance, State Farm Insurance and Allstate Insurance companies will reconsider their actions.
SUBPRIME MORTGAGES - The U.S. subprime mortgage financial crisis may be past its midway point and an end may be in sight, some economists are beginning to say – with caveats. Another bout of bad news, for example, could derail the recovery. Credit availability.
FLORIDA CONSUMER CONFIDENCE - Floridians’ confidence in the economy slowed in August. Chris McCarty, director of the Survey Research Center at University of Florida, attributes the drop to the slower housing market and the impact of tightened credit policies.
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