NU Online News Service, Oct. 19, 3:41 p.m. EDT

Specialty insurer RLI Corp. reported a 9.8 percent decline in 2010 third-quarter net income compared to the 2009 third-quarter net income, driven in part by a rise in loss and settlement expenses.

The Peoria, Ill.-based insurer said 2010 third-quarter net income was $28 million, compared to $31 million a year ago.

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