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13. Subsequent Events
9 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
13. Subsequent Events

The Company has evaluated events that occurred subsequent to September 30, 2014 through the date these financial statements were issued for matters that required disclosure or adjustment in these condensed consolidated financial statements.

 

Dividends Declared and Paid

 

On November 12, 2014, the Company’s Board of Directors approved a dividend of $.05 per share payable in cash on December 12, 2014 to stockholders of record as of November 28, 2014.

 

Commercial Auto Line of Business

 

Effective October 1, 2014 the Company decided that it will no longer accept new commercial auto policies.  The action was taken following a series of underwriting and pricing measures which were intended to improve the profitability of this line of business.  The actions taken did not yield the hoped for results. The Company is selectively renewing its existing policies.