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
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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