Monico Expands Expertise to Cummins Equipment
Monico, Inc releases a new product, the Custom Protocol Converter - Cummins Version, for monitoring of Cummins Equipment. For more than four years, since the launch of the CDL Gateway, Monico has been known for its exclusive ability to remotely monitor and control Caterpillar engines and gensets. Across industrial sectors, the company is recognized as CAT engine communication experts. Recently, through extensive field development, Monico has become more involved the world of Cummins engines as well.
Amerisafe 1Q 2009 Results
Amerisafe, Inc. (NASDAQ: AMSF), a provider of high hazard workers' compensation insurance, announced results for the first quarter ended March 31, 2009. Net income in the first quarter of 2009 was $11.1 million compared to $11.9 million in the first quarter of 2008, a decrease of 7.2%. Pre-tax income for the first quarter of 2009 included $1.2 million of favorable prior year loss development. Pre-tax income for the first quarter of 2008 included $1.7 million of favorable prior year development. Return on average equity for the first quarter of 2009 was 15.7% compared to 20% for the first quarter of 2008. Gross premiums written in the first quarter of 2009 were $79.4 million, a decrease of 1.9%, compared to $81 million in the first quarter of 2008.
