NU Online News Service, Oct. 20, 2:44 p.m. EDT
Brown & Brown Inc. reported 2009 third-quarter net income of $41 million, up just under 1 percent from 2008 net income of $40.6 million.
J. Powell Brown, president and chief executive officer of the Tampa Bay and Daytona Beach, Fla.-based broker, said the operating environment remains challenging, and added that Brown & Brown's results "are a reflection of significant shrinkage in insurable exposure units and a soft rate environment."
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