05-09-2017 20:20 via insuranceinsider.com

Irma fears batter Florida P&C shares

Florida P&C carriers fell sharply in early New York trading
today amid the prospect of Hurricane Irma slamming into the
Sunshine State later this week.
Shares in Heritage fell as much as 15.4 percent while HCI
dropped by up to 13 percent and Universal fell by over 16 percent,
and Federated National and United both lost around 10 percent.
The declines came amid market jitters over the mounting crisis
involving North Korea, with most major equity indices giving up
ground...
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