United Insurance shares drop on Q4 earnings miss

Investors punished Floridian carrier United Insurance Holding's
greater-than-expected fourth quarter loss as its shares fell more
than 9 percent in early trading in New York.
The stock fell to as low as $14.40 shortly after markets opened
in the US following the President's Day holiday yesterday, when
the Florida carrier reported its latest quarterly results.
United lost $17.6mn before taxes in the last three months of
2016 because of increased catastrophe claims and adverse reserve
development,