NU Online News Service, April 21, 3:33 p.m.EDT
Despite a premium price increase push by insurers, rates remaincompetitive, especially for new accounts with good risk profiles,the chief executive of Brown & Brown said as the firm reporteda 7 percent first-quarter decrease in net income.
During a financial analyst's conference call today, J. HyattBrown, chief executive officer of the insurance brokerage firm,said, "Everyone talks about how things are going to change nextweek or next month, but we think it probably won't be until 2010before that happens."
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