Reinsurance support means Florida sell-off 'overdone': KBW

Florida property insurers could represent a bargain after investors
beat down prices based on forecasts for Hurricane Matthew's 140
mph winds to tear up the state's east coast.
"In our view, the sell-off of publicly traded Florida
homeowners insurers' shares is overdone, and we view the
weakness as a buying opportunity," Arash Soleimani, an analyst
at Keefe, Bruyette & Woods, said in a note to clients late
today.
"We remind investors that the publicly traded Florida
homeowners insurers are h