AmTrust warns 2014-16 financial filings are invalid

Specialty insurer AmTrust has warned that its financial reports
for the past three years "should no longer be relied
upon" and will be restated.
Consolidated financial statements for 2014 and 2015 as well as
those covering the first nine months of last year are unreliable,
the New York-headquartered carrier said late today. It also said
its official annual report for last year would be delayed.
But the restatements are not expected to have a material impact
on the business, AmTrust...