NatGen shares drop as much as 10% on earnings miss

National General shares plunged as much as 10.4 percent in early
New York trading today after the insurer posted a Q2 earnings miss late yesterday, citing
weather-related losses and its lender-placed insurance
programme.
The shares tumbled to $18.41 just after trading opened, just 2
percent above the stock's 52-week low of $18.04, then rebounded
slightly by mid-day.
NatGen CEO Barry Karfunkel cited a "poor performance"
in the lender services unit, which had counted Wells Fargo as a
major client