EMC Insurance Group on Tuesday reported net income of $8.3 million in the third quarter, compared to a $5.6 million loss in the third quarter of 2011.“A combination of improved pricing and more normal catastrophe losses resulted in the best third-quarter results we have reported in six years,” stated Bruce G. Kelley, president and chief executive officer. “Rate level increases continue to accelerate in the commercial lines of business, and we continue to implement moderate rate increases in the personal lines of business. The rate level increases we are implementing now are l...
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