On February 27, 2017 AmTrust disclosed it would not file its 2016 annual financial statements on time because it "identified material weaknesses in its internal control over financial reporting that existed as of December 31, 2016, specifically related to ineffective assessment of the risks associated with the financial reporting, and an insufficient complement of corporate accounting and corporate financial reporting resources within the organization." The price of AmTrust shares fell over 15% in response to the news.
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