does anyone have any specifics on this decline?
I am wondering the same thing. What happened here? Did the E. Spitzer thing kill this stock? This stock is on my watch list because it looks like a good long term stock with growing dividend.
1) Concern that a long wet summer in Florida will translate to the same this winter in California which has already begun.2) Concern that contingent commission and bonus structures based on loss ratio performance will be challenged by the CDI.3) Concern that a Kerry win will give imputus to roll back the dividend tax cut passed by the prior adminisrtation.The markets have an aversion to uncertainty.