NU Online News Service, Aug. 4, 3:08 p.m. EDT
International specialty insurer HCC Insurance Holdings Inc. said 2010 second-quarter net income was about $83.4 million, down 9 percent from 2009 second-quarter net income of $91.6 million.
Total expenses rose to $460.4 million from about $448 million a year ago at the second quarter, and income from fees and commissions dropped to about $19.2 million compared to $26.1 million in 2009.
Net earnings for the year thus far are $154.7 million compared to $174.8 million last year.
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