NU Online News Service, July 19, 2:29 p.m. EDT
The lackluster economy, loss of contingent commissions and business issues at certain offices conspired to reduce insurance broker Brown & Brown Inc.'s net income by 10 percent for the 2011 second quarter of this year.
The Daytona Beach, Fla.-based broker reports second-quarter net income of $37 million, down more than $4 million. Earnings per share dropped 3 cents to 26 cents a share. Revenues rose 1 percent, or $3 million, to $247 million.
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