Insurer Hiscox sees rising claims from storms, shares drop

(Reuters) - Insurer Hiscox on Friday warned that rising potential claims from last year's typhoon Jebi in Japan and hurricane Michael in Florida would hurt first-half underwriting profit, sending its shares almost 6% down.The Lloyd's of London insurer said it had increased its reserves for the natural disasters by roughly $40 million (£32 million).Shares in the company dropped nearly 6%, their steepest one-day fall in 7-1/2 years, trading at the bottom of Britain's blue-chip index by 0727..