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Stock impact report

Insurer stocks jump as Irma losses seen less severe than feared [Reuters]

Heritage Insurance Holdings, Inc. (HRTG) 
Last heritage insurance holdings, inc. earnings: 2/27 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.heritagepci.com
Company Research Source: Reuters
Insurer stocks jump as Irma losses seen less severe than feared | Reuters 4 Min Read NEW YORK (Reuters) - Shares of U.S. insurers jumped on Monday, with companies most exposed to Florida posting sharp gains, as loss estimates from Irma were seen as being less severe than feared as it was downgraded to a tropical storm from a hurricane. Insurance stocks have been volatile since late August as investors anticipated significant losses after Hurricane Harvey hit Texas and the southern United States and they braced for property damage from Hurricane Irma. But even as Florida cities dealt with flooding and millions of people were without power after Irma ripped roofs off homes, insurance experts pared their loss estimates. Irma and Harvey were “more likely to be earnings events than capital events” for reinsurers, S&P Global Ratings said on Monday. Last week it had warned of potential capital events - when losses exceed annual earnings and can require raising new capital. “Based on the insu Show less Read more
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