October ends with double-digit changes

Starting with Hurricane Matthew and closing
while third quarter results disclosures were in full swing, October
brought significant stock price movements for P&C carriers.
Florida homeowners' insurance companies Heritage and United
were at one end of the scale with monthly share price decreases of
18.9 percent and 18.0 percent respectively, due to their Hurricane
Matthew exposures.
But RLI suffered the month's largest drop, as it reported
its first reserve deterioration in more than a decade