Shell-shocked from the catastrophic damage inflicted by Harvey, traders are rushing to price in the expected impact from Hurricane Irma, which is now a Cat. 5 storm barreling towards Florida.
As noted this morning, the angst is readily apparent in orange juice and cotton futs, and now, if you take a look at Florida-based property and casualty insurers, investors are running for their lives.
As tipped earlier in the live feed…
… HCI Group, Heritage Insurance Holdings, United Insurance Holdings and Universal Insurance Holdings are all getting hammered – and “big league”. Have a look:
So if you’re in those names, either get out now, double-down and “buy the hurricane dip”, or else put ip the plywood and “shelter in place.”
Good luck.
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