** Shares of property and casualty insurer Heritage Insurance HRTG.N jump as much as 10.3%; last up 7.5% at $12.68

** HRTG late Monday announced a new $10 mln buyback progam that will commence upon the Dec. 31 expiration of its prior share repurchase plan

** Repurchase of shares was authorized through open market purchases and privately negotiated transactions under new buyback plan — HRTG

** As of last close, HRTG shares up 80.8% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))