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HRH Quarterly Net Up 8%

The Richmond, Va.-based insurance broker reported net income rose $1.6 million to $22 million in the quarter compared with the same period last year. Earnings per share increased three cents to 60 cen

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Hilb, Rogal & Hobbs brokerage reported second-quarter net income increased 8 percent despite challenges posed by declining prices.

“We are fighting a very dramatic soft market,” commented Martin L. “Mell” Vaughan III, chairman and chief executive officer, during an analyst’s conference call today.

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