05-05-2017 01:16 via insuranceinsider.com

Heritage gains after corralling Miami-area AOB claims

Shares in Florida property insurer Heritage jumped almost 7.8
percent after the company's first-quarter earnings beat
forecasts amid a 30 percent drop in claims from the assignment of
benefits-afflicted Tri-County region around Miami.
After the markets closed yesterday, the insurer posted earnings
of $0.21 per share, narrowly topping the $0.19 consensus forecast
from six analysts compiled by MarketWatch.
Shares in the Clearwater, Florida-based insurer surged over 10
percent to $13.49 before givi
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