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U.S. Facilities Corp.: The Costa Mesa insurance...

U.S. Facilities Corp.: The Costa Mesa insurance and reinsurance company said its first-quarter earnings more than doubled, to $814,000 from $401,000 for the year before. Revenue was up 25%, to $17.6 million from $14.1 million. The company said the revenue increase resulted principally from continued rate increases, growth in the number of accounts in the company’s medical stop-loss business, and higher net investment income.


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