NU Online News Service, March 10, 3:27 p.m. EST
Safety Insurance Group reported 2009 fourth-quarter net income off by 13.4 percent compared with the 2008 period, after a settlement with Massachusetts for overcharging and a fall in net earned premiums.
The quarterly net income was $10.3 million, compared to $11.9 million in 2008. The decrease was the result of lower net earned premiums and a settlement with the Massachusetts Attorney General's Office.
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