{"id":10759,"date":"2011-08-03T09:56:35","date_gmt":"2011-08-03T13:56:35","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=10759"},"modified":"2011-08-03T09:56:35","modified_gmt":"2011-08-03T13:56:35","slug":"js-johnsons-profits-fall-by-nearly-9-percent","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2011\/08\/js-johnsons-profits-fall-by-nearly-9-percent","title":{"rendered":"JS Johnson&#8217;s Profits Fall By Nearly 9 Percent"},"content":{"rendered":"<p>JS Johnson, who some call the stingy insurance company, suffered an 8.9 percent drop in net income to $2.619 million, for the 2011 first quarter.<\/p>\n<p>Managing Director Marvin Bethell, informed shareholders that the first quarter was a &#8220;bit sluggish&#8221; and blamed the drop primarily on poor performance at its underwriting affiliate, Insurance Company of the Bahamas (ICB). The company failed to match their 2010 net income of $2.875 million.<\/p>\n<p>The BISX-listed insurance agent and broker has been known to hammer down the claims of automobile accident victims, sometimes paying them less than what many people would consider fair.<\/p>\n<p>While the company&#8217;s net claims increased by over $500,000, their total expenses dropped year-over-year from $5.056 million to $4.406 million, due to the timing of profit commission expenses.<\/p>\n<p>The company&#8217;s Turks &amp; Caicos operations is progressing as expected with the integration of the policy portfolios acquired from Fidelity Insurance Brokers and Accordia Insurance Brokers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JS Johnson, who some call the stingy insurance company, suffered an 8.9 percent drop in net income to $2.619 million, for the first quarter of 2011.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[99],"class_list":["post-10759","post","type-post","status-publish","format-standard","hentry","category-business","tag-insurance"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/10759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=10759"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/10759\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=10759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=10759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=10759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}