NU Online News Service, April 20, 4:07 p.m. EDT

Brown & Brown reported first quarter profit for 2010 was down 8 percent as the recession continued to take a toll on insurance buying.

The Daytona Beach, Fla.-based insurance broker reported first quarter net income of $44 million, down $3.9 million from the same period last year. Earnings per share were off 3 cents to 31 cents a share.

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