NU Online News Service, July 28, 2:57 p.m. EDT

William R. Berkley, chairman and chief executive of W.R. Berkley Corp., said he believes earning conditions within the insurance industry point to inevitable price increases occurring by the end of this year or the beginning of 2010.

For the second quarter, the company reported its net income rose 21 percent, or $17 million, to $97 million. That translated into earnings per share of 59 cents compared to 46 cents a share for the prior quarter.

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