RLI shares plunge 10% after Q3 miss

Shares in RLI were trading down 10.5 percent at 1.29pm EDT today in
New York as investors reacted nervously to a third quarter earnings
miss and the company's first reserve deterioration in more than
a decade.
The shares crashed by as much as 13.8 percent, but had recovered
to $60.87 at the time of writing.
The sell-off came despite equity analysts suggesting adverse
development on prior-year reserves was likely an aberration.
Keefe Bruyette & Woods analyst Arash Soleimani said the...