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Brown & Brown, Inc. said its fourth quarter net income increased 36 percent over the prior year despite organic growth in commission and fees dropping 3 percent during the same period.

There are plenty of technological products available to help reduce claims costs, but one development in particular represents a new model for delivering business solutions.

Independent reinsurance brokerage firm Holborn said the first quarter has been an eventful one for reinsurers, who will post losses on several events including a recent cyclone and flooding in Australia and developing losses from the New Zealand and Chilean earthquakes in 2010.