Meadowbrook Says Hurricanes Weren't a Problem

Meadowbrook Insurance Group Inc. reported Tuesday that the company does not expect its net losses related to Hurricane Rita to be material. Meadowbrook President and Chief Executive Officer Robert S. Cubbin commented, "Similar to our recent loss experience associated with Hurricane Katrina, we expect no significant financial impact from Hurricane Rita." Cubbin further explained, "Generally, our insurance programs are structured to avoid geographic concentration of risks that might lead to natural or intentionally caused catastrophic events." Meadowbrook will now report l...