Ayotte suggests leasing surplus state land for housing
Gov. Kelly Ayotte suggests leasing surplus state land for residential development to help curb New Hampshire's housing shortage and attract more workers to the state.
White Mountains reports 1Q earnings
White Mountains Insurance posted a first-quarter net income of nearly $96 million last week, despite ongoing losses of $36 million due to last year’s hurricanes.
With income amounting to $8.89 per diluted share, the company declared a $2 dividend.
While income was $80 million lower than the first quarter of last year, the decline was mainly due to the prior year’s $74 million pretax special dividend from its Montpelier Re subsidiary.
This quarter, nearly every subsidiary made money except for Esurance, which suffered a $4 million due to hailstorm and tornado activity in the Midwest, as well as a national television campaign.
White Mountains, now headquartered in New Jersey, still maintains some administrative functions in Hanover, N.H. – BOB SANDERS
