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9/7/17

US Stock Market: Hurricane Irma is already causing Florida insurance stocks to plunge

Shares of Homeowners Choice, Universal Insurance Holdings and Heritage Insurance Holdings were down by double digits.

Reinsurers XL Group and Everest contributed some of the largest losses to the S&P 500's decline, down 4.3 and 3.7 percent respectively.

While Irma is still a few days off the United States coast, insurers are bracing for storm surges, flooding and deadly winds.

Read more: Hurricane Irma is already causing Florida insurance stocks to plunge

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