Nationwide is seeking approval to transfer all Florida personal residential property policies written through Nationwide Mutual Insurance Company to affiliated carrier Nationwide Property and Casualty Insurance Company. The filing applies to homeowners, tenants, and condominium policies, with the transition proposed to begin September 7, 2026, for new business and January 13, 2027, for renewals.

According to the filing memorandum, Nationwide plans to cap individual policy level impacts at plus or minus 10% “to minimize disruption to policyholders.” The company included capped and uncapped histograms showing the distribution of rate impacts across policyholders.

The uncapped histogram for homeowners policies shows that 29.3% of policyholders would otherwise see increases greater than 40%, while 4.3% would see decreases greater than 40%.

Nationwide is also proposing several coverage updates tied to the transfer. Existing policyholders with $250 deductibles and 2% earthquake deductibles would be grandfathered into the new company. In addition, policyholders carrying earthquake and volcanic eruption coverage alongside loss assessment coverage would automatically receive $1,000 in earthquake loss assessment coverage at no additional premium if they do not already have it.

The filing states that Nationwide Mutual Insurance Company will stop writing new business and eventually withdraw its Florida homeowners rate and rule manuals after all renewal business is transitioned. The projected completion date for the transfer is January 13, 2028.