Meadowbrook's Net Income Falls 10% in Q3

Meadowbrook Insurance Group's net income fell about 10% in the third quarter of 2014. The company wrote less premium and experienced smaller losses compared with the third quarter of 2013, Meadowbrook announced in a Wednesday press release. Its net earned premiums shrank 10.7% from $181.06 million to $161.75 million and its net losses and loss-adjustment expenses decreased 19.4% from $132.25 million to $106.66 million, according to the statement. Its policy acquisition and underwriting expenses increased about $6.6 million. Robert Cubbin, the company's president and chi...