The New York Stock Exchange suspended trading in the shares of New Jersey’s troubled Highlands Insurance Group Inc., and has filed an application with the Securities and Exchange Commission to eventually delist its common stock, as the value of its shares has fallen below the NYSE’s minimum requirements.
Shares fell to around 17 cents following the announcement that Highlands planned to cease accepting new or renewal business, and was looking for alternatives, including finding buyers for its present books. (See IJ Website,
Dec. 10)
Was this article valuable?
Here are more articles you may enjoy.
California Taking Action Against State Farm Over LA Wildfire Claims 
Rain Helped, But Georgia Officials Warn That Wildfires Still a Threat 
Cost of Howden-Driven Talent War Rises to $31M for Brown & Brown 
China’s Unprecedented Defiance of US Sanctions Triggers Showdown 
