Assurant drops 5% following earnings report

Assurant shares dropped as much as 5.1 percent in midday trading
in New York after the specialty carrier reported a decline in
second quarter revenue and a weakening combined ratio in its
largest segment.
The stock fell as low as $100.88 before recovering slightly on
the New York Stock Exchange.
After the close of normal trading yesterday, the New York-based
insurer posted results that beat Wall Street earnings estimates,
citing the absence of catastrophe losses and reduced corporate
expenses.
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