Maison owner's shares down as M&A hunt remains fruitless

Shares in 1347 Property Insurance Holdings (PIH) fell nearly 13
percent early today in the first trading since the Louisiana and
Texas specialty carrier notified investors last week that it still
hasn't found a merger partner or a candidate for it to take
over.
The parent of residential carrier Maison Insurance disclosed in
October that it was seeking to expand its business through
strategic acquisitions or other actions.
After markets closed on Friday (30 December), the company said
that its...