NU Online News Service, Nov. 10, 3:40 p.m. EST
One of Florida's largest writers of homeowners insurance and another domestic property insurer each reported gains in third quarter net income.
Fort Lauderdale, Fla.-based Universal Insurance Holdings Inc., which operates through subsidiary Universal Property & Casualty Company, posted a $134.4 million third quarter profit compared with net income of $11.5 million last year during the third quarter.
Clearwater, Fla.-based Homeowners Choice Inc. said it earned a third quarter profit of $1.7 million compared with a gain of $800,000 during the third quarter in 2009.
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