Amerisure Insurance Sees Significant Earnings Growth

Michigan-based Amerisure Insurance, a regional property and casualty insurance group, experienced significant earnings growth through the third quarter 2001, reporting direct written premiums of $326.7 million, and net income of $15.7 million. Those figures amount to increases of $63.9 million and $2.8 million respectively, over third-quarter 2000 results.

Overall, the company achieved a combined loss ratio of 106.1 percent at September 2001; a notable improvement over September 2000’s loss ratio of 113.0 percent.

Amerisure services manufacturing, contracting and commercial enterprises through 10 Core Service Centers in the Midwestern and Southern U.S.