BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
PEORIA, Ill.Specialty insurer RLI Corp. on Tuesday reported a first-quarter net loss of $1.82 million compared with a $25.5 million profit in the first quarter a year ago.
RLI also reported declines in its net premiums earned for the first quarter, which was down 7.6% to $125.7 million, and investment income, which was down 8.1% to $17.7 million compared with 2008's first-quarter results.
However, the Peoria, Ill.-based insurer reported an increase in underwriting income to $15.2 million from $14.7 million for the first quarter a year ago. The combined ratio for this year's first quarter was 87.9%, compared with 89.2% during the same period a year ago.
"Maintaining underwriting discipline in this market is of the utmost importance," said Jonathan E. Michael, RLI Corp. president and chief executive officer, in a statement.
RLI also reported net investment losses during the first quarter of $33.5 million, compared to $3.7 million profit during the first quarter of 2008.