Weak Canadian results affect Crawford’s international operations

Crawford & Company’s international operating earnings took a hit because of weaker results in the company’s Canadian market, the company reported. Overall, Crawford & Company reported a net loss of $2.5 million in 2010 Q2, as compared to a net loss of $88.1 million in 2009 Q2. International operating earnings declined to $7.3 million in 2010 Q2, down 13.6% from 2009 Q2’s operating earnings of $8.5 million, This is due primarily to weaker results in the company’s Canadian market, the company noted. “We continue to face challenging business and general economic conditions in our North American property and casualty and workers compensation service lines,” said Jeffrey T. Bowman, CEO of Crawford & Company. “We continue to be pleased with the performance of both our International Operations and Legal Settlement Administration segments.”