NU Online News Service, Aug. 9, 3:33 p.m. EDT

Hit by underwriting losses due to the Deepwater Horizon oil rig explosion and the Chilean earthquake, specialty insurer Markel Corp. posted a 36.7 percent decrease in second-quarter net income.

Markel said 2010 second-quarter net income was $20.9 million compared to $33 million a year ago.

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