NatGen shares drop 7% on earnings miss

National General shares plunged 7.1 percent in New York today
after the insurer posted a Q2 earnings miss late yesterday, citing
weather-related losses and its lender-placed insurance
programme.
The shares tumbled as much as 11.4 percent to $18.19 just after
trading opened, barely above the stock's 52-week low of $18.04,
before rebounding to close at $19.07.
NatGen CEO Barry Karfunkel cited a "poor performance"
in the lender services unit, which had counted Wells Fargo as a
major client until la