NU Online News Service, July 21, 2:40 p.m. EDT
Daytona Beach, Fla.-based insurance broker Brown & Brown reported a slight increase in net income for the second quarter of this year, but the economic downturn continues to produce strains on the firm's organic growth.
"Q-2 was another interesting quarter," said J. Powell Brown, Brown & Brown's president and chief executive officer, during an earnings conference call with analysts today. "The economy continues to have the biggest impact on our numbers and rates are under pressure all over and all around the country as we continue to watch Washington D.C. with great interest relative to health care reform."
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