W.R. Berkley Corp. reports Q2 net income of $180 million, up from $116 million in 2013’s second quarter, as rate increases continued to outpace loss costs.
Net premiums written increased to $1.5 billion in the quarter compared to $1.3 billion for the same period last year.
In a statement, Chairman and CEO William R. Berkley says, “We were able to grow our top line by about 11%. Price increases for our domestic insurance businesses were approximately 4%; thus, for the twelfth quarter in a row, prices
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